Setting Up Adjustment Types
A contract's debt may be changed with an adjustment. Every adjustment must reference an adjustment type. The adjustment type contains a great deal of information that is defaulted onto the adjustment, including whether the adjustment amount is calculated. It also controls many business processes associated with the adjustment.
An adjustment type contains the business rules that govern how the adjustments must be managed by the system. Please refer to The Big Picture Of Adjustments for a complete description of how adjustment types impact the lifecycle of adjustments.
Note:
When a new adjustment type is added. When you introduce
a new adjustment type, you must update one or more adjustment profiles
with the new adjustment type. Why? Because adjustment profiles define
the adjustment types that may be levied on contracts (adjustment profiles
are defined on contract types). If you don't put the adjustment type
on an adjustment profile, the adjustment type can't be used on any
adjustment.
Related Topics:
Parent Topic: Contract Type Controls Everything