Line Limits

For as-incurred and value-based billing methods on rate-based contract lines, PeopleSoft Contracts enable you to set a maximum amount that can be billed and recognized for revenue. This is referred to as a billing limit and revenue limit. You establish a line limit for billing and revenue on the Billing Allocation and Revenue Allocation pages respectively.

Line limit amounts are visible on the contract summary and online, and can also be viewed and managed using the Limits Review online inquiry page. Any changes made to the limits over the life of the contract must be performed at the contract line level.