Set contract terms on a contract line item. An explanation of all contract types can be found in the Contract Types Editor.
Permissions and Settings
The Service Periods grid is shown for contracts with:
- Revenue Schedule
- Model Overages ticked
When there is a revenue schedule, the service period grid determines how much revenue will be earned in a particular date range.
When model overages is ticked, the service periods determine how many hours are contracted for a particular date range.
|Start Date||Beginning of the service period. If it contains an arrow, <–. that means all preceding time|
|End Date||End of service period (inclusive)|
|Scheduled Revenue||Amount of revenue to be earned between the start and end date|
|Recognized Revenue||Amount of revenue that has already been recognized for this service period|
|Contracted Hours||If overages is ticked, enter the number of hours that have been agreed to|
|Actual Hours||Approved hours as of right now|
|Overage Hours||Approved hours that have exceeded the contracted hours. These hours are awaiting transfer to an overage project.|
|Notes||Free form text field to enter notes about the service period|
|Delete||Delete the service period. You cannot delete a service period if revenue recognition has already been done on it. You'll need to first reverse revenue recognition.|