How are bill plan attributes populated in the Update Contract window?

The default bill plan attributes of an award in the Update Contract page are populated from the grants business unit implementation options. You can change the attribute values if required.

The bill plan attributes include the following:

• invoice and revenue methods
• billing cycle
• transaction type
• generated invoice
• status
• billing site and contact number
• bill set number
• payment terms
• labor format
• nonlabor format
• event format
• net invoice
• invoice grouping options
• transaction type
• generated invoice status
• LOC document number

You can change the invoice and revenue methods by amending the contract. The sponsor account designated as primary becomes the bill-to account. You can change it to a different bill-to account.

Use the Manage Customers setup page to define the bill-to account and contact attributes. If a primary contact exists at the site level, then that contact is displayed as the bill to contact. Otherwise, the primary contact at the account level is displayed as the bill to contact.