Agreements

Agreements are contracts or SOWs that are used to track budget balances. Agreements may be associated with a project then assigned to the project billing rules for the tracking of balances. As such, agreements are created for a specific customer. An agreement may encompass multiple projects. An agreement can be used in conjunction with Customer POs, independent of Customer POs, or not at all. Agreements are standard reporting fields and can provide the remaining balance on the agreement and the charges to date. Agreements can be renamed to your company's terminology. See Interface: Terminology.

To create an Agreement:

1. Go to Administration > Application Settings > Invoices > Agreements.

2. Select New Agreement from the Create Button.

3. Enter the Agreement name and then select the Customer from the drop-down list.

4. Enter the customer's agreement Number specified on the document (if available) as well as the Date it was created.

5. In the Amount (money) field, enter the total value of the agreement and select the Currency if multi-currency has been enabled.

6. Input any Notes for this agreement, if appropriate.

7. Select the check box for Active agreement.

8. Click Save.