Set Up and Process Project-Related Contract Lines

This table lists the high level steps to set up and process project-related contract lines, and provides links to the topic locations that discuss the steps:

Step	Topic Documentation
Set up rates.	See Defining Rate Set Categories, Rate Sets, and Rate Plans.
(Optional) Set up tiered pricing.	See Defining Tiered Pricing.
(Optional) Set up rules and exceptions for organizational sharing.	See Understanding Accounting for Projects and Defining the Sharing Structure.
Set up contracts and contract lines.	See PeopleSoft Contracts: Understanding Contracts, PeopleSoft Contracts: Defining General Contract Information, and PeopleSoft Contracts: Defining Contract Lines.
Assign projects and activities to contracts.	See PeopleSoft Contracts: Assigning Projects and Activities to Contracts and Maintaining Projects Using the Contracts Workbench.
Accumulate and price project transactions from feeder systems.	See Understanding the Pricing Process, Understanding Integration with PeopleSoft Time and Labor, Understanding Integration with Expenses, and Understanding Third-Party Data Integration.
(Optional) Update project progress.	See PeopleSoft Contracts: Processing Project Progress and Percent Complete.
(Optional) Approve transactions eligible for billing.	See Summarizing Transactions for Project Manager Review.
Bill for projects.	See PeopleSoft Contracts: Understanding the Contracts Billing Process and PeopleSoft Contracts: Running the Contracts Billing Interface Process.
Recognize revenue for projects.	See PeopleSoft Contracts: The Rate-based Revenue (Accounting Rules Engine) Process (PSA_ACCTGGL). See Processing Transactions Using Accounting Rules.

Note:

You can use streamlined billing to reduce the number of steps for invoicing bills. Streamlined billing enables you to process transactions from PeopleSoft Contracts to PeopleSoft Billing and back to Contracts with one job.