3.2 Entering a New Contract

To specify a new contract in the Contract Details screen:

• Click on new icon in the Toolbar

This section contains the following topics:

• Unlocking a Contract
  
• Amending a Contract
  Amend certain details of a contract depending upon its authorization status:
• Deleting a Contract
  
• Copying the Details of a Contract
  A user needs to create a contract that closely resembles an existing one. Instead of entering all the details for the contract, copy the details from the existing contract and change only the attributes that differ for the new contract.
• Placing a Contract on Hold
  Situations exist where complete contract details are not available. In such cases, specify the available details and place the contract on Hold instead of selecting Save. Perform this operation from the Contract Detailed View.
• Removing the Hold Status on a Contract
  When all the details of the contract are available, remove the Hold status on the contract by either:
• Reversing a Contract
  Using the Contract Reversal function, user can reverse out an authorized contract. Typically, use the contract reversal function, if the details of an authorized contract are erroneous. All accounting entries that were passed for the original contract are reversed.
• Saving a Contract
  To save a contract after having captured its details, made modifications, copied it, etc. either:
• Authorizing a Contract