Adjusting Amounts and Cancelling Contract Lines

You can increase or decrease amount-based contract line amounts, as well as cancel contract lines as part of the amendment process. When increasing or decreasing contract line amounts, you must choose whether to adjust billing and revenue retroactively or to adjust billing and revenue for future events only. You can adjust billing on the Amendment Billing Allocation page and revenue on the Amendment Revenue Allocation page. This page is editable when the contract separates revenue and billing. If the contract does not separate billing and revenue then amounts equal those used for billing and are not editable. When cancelling an amount-based contract line, you can select the Reverse Amounts on the Amendment Billing Allocation page. If you select the Reverse Amounts option, then you are indicating that you want to adjust billing and revenue retroactively for the cancelled contract lines. If you do not select the Reverse Billing and Revenue option, then for cancelled contract lines, the system adjusts billing and revenue for future events only.