How You Associate Contract Lines to Projects

Associating a project or a project and task to a contract line enables you to easily manage invoicing and revenue recognition for a contract.

You must associate a project or a project and tasks to a contract line if either the invoice or revenue method classification on the bill plan or revenue plan is something other than amount based.

For amount-based contract lines, the association of a project or task to a contract line is optional.
For percent spent and percent complete contract lines where the percent spent or percent complete billing extension is calculated at the associated project level, you must enter a funded amount for the associated project.
A contract line can be associated with multiple projects and tasks.
Similarly, a project can be associated with multiple contract lines.

Creating and associating contract lines to projects involves the following steps:

Create a contract line and associate one or more projects to it.
Define billing controls for the contract line, if the contract type is enabled for billing controls.
Add a bill plan and revenue plan to the contract line.

Create and Associate Contract Lines to Projects

Associate each contract line to multiple projects or tasks as necessary.

Define Billing Controls

Create billing controls to determine the allowable limits, date range, and types of project transactions that can be invoiced and revenue recognized for the contract line. Define billing controls both at the header and line levels, including both soft and hard limits for the transactions. The application warns you when you reach a soft limit and prevents further transactions when you reach a hard limit.

Select the Bill Plan and Revenue Plan

Add a bill plan and revenue plan that you created for the contract to the contract line.