Defining Contract Types

Every contract must reference a contract type. The contract type defines what you sell, how much you sell it for, to whom you sell it, how overdue debt is collected, and how sales will be booked in your general ledger.

Note: Perfect foresight. In a perfect world, the other control tables would have been set up with perfect foresight of setting up your contract types. In reality, setting up your contract types may invalidate some of your earlier decisions. Don't feel bad if this happens, some amount of iteration is natural.

Related Topics:

Designing Contract Types For Contracts
Designing Contract Type For Other Segmentations
Contract Types And The Financial Design
Setting Up Contract Types

Parent Topic: Oracle Revenue Management and Billing Administrative Processes