Adding Sales Contract Default Values—Exercises
Required Data
Sales Contract
Purpose: The purpose of this exercise is to show you the
required data that is used in the exercises below.
For creating a sales contract see the general exercise for
Creating Sales
Contract
Main Exercise
Purpose: The purpose of this exercise is to show you how to
add default values to a sales contract.
Windows:
Sales Contract
Entering Default values to a Contract
- Open the
Sales
Contract window and query for your contract, then click the
Defaults tab.
Note The default values can be
entered at the same time as inserting all the other data on the contract header
and general tab. Some of them may already contain values depending on what was
entered when creating the contract, e.g. if a customer is entered the payment
terms it will be taken as default from the customer.
-
Enter or change the default Payment Term for the contract.
- If you
want to have a default Tax Code for the contract make sure you insert
a Report Code with the correct tax code associated.
Use the List of Values to select
the report code value. A tax code can be given only to
a VAT company and not a Sales Tax company.
- Note that the default
Currency Rate Type is connected to your contract. Select another
currency rate type if
desired.
-
Enter Interim Retention and/or Final Retention for
the contract.
- You
can also give a Maximum Retention for the contract by right clicking on the
contract and selecting the Maximum Retention menu option.
Enter
a date as the Exchange Rate Date
if a currency other than the contract currency
is entered.
Note that the retentions must be between 0% and 100%.
Since the final retention is included in the interim retention it must be less
than or equal to the interim retention.
-
Enter Discount for the contract as a percentage. e.g. 5.00%
- Save the record.(F12)