Prepaid Amendments
Changes are allowed on the Prepaids page when the prepaid status is Ready. A user can reduce the prepaid amount up to the unused prepaid amount. No limit exists if the user increases the prepaid amount.
Once the prepaid Purchased Amount is modified and the amendment is processed, the initial billing has to be processed for the modified difference amount. The user should review the bill plan if the status of the bill plan is set to Action Required.
If the modified prepaid is inclusive, then it must be included in the billing and revenue amounts of a contract by allocating the difference on the Amendment Billing and Revenue Allocation pages. Before changing the amendment status to Ready, the modified inclusive prepaid should be allocated on the Amendment Allocation pages for Billing and Revenue and the allocation should be set to Complete.
The Contract Liability Distribution ChartFields remain open until the prepaid is closed. Any changes made to the contract liability distribution fields are applicable to processing performed after the change is saved.