Adding Sub Contract Default Values—Key Exercises
Basic Data Setup
Payment Term/Method
Purpose: The purpose of this
exercise is to show you how to set up payment terms and payment methods.
Windows:
Payment Terms
Payment Term
- Open the Payment Terms
window.
- Create the payment term and method that should be associated with
your sub contract, if it has not already been created.
General exercise for
Payment Terms
Currency Type
Purpose: The purpose of this exercise is to show you how
to define currency types.
Windows:
Currency Rate Types
- Open the Currency Rate Types
window.
- Create the currency type that should be associated with
your sub contract, if it has not already been created.
General exercise for
Currency Information
Required Data
Creating Sub Contract
Purpose: The purpose of this exercise is to show you the
required data that is used in the exercises below.
-
Create the sub contract.
General
exercise for Creating Sub Contract
Main Exercise
Purpose: The main purpose of this exercise is to
show you how to add default values to your sub contract.
Windows:
Sub Contract
- Open the Sub Contract window.
-
Populate (F2) or query (F3) for the sub contract name
Central Air Conditioning.
- Click the
Defaults tab.
- In the
Payment Term field, enter 10.
- In the Payment Method field,
enter CHK.
-
Verify that the following information exists:
Currency
type - 1
Valuation
method - Progress
Payment process - Pay After Invoice -
Enter an interim retention of 10% and a final
retention of 5%.
-
In the Discount field, enter a discount of 3%.
-
Make sure the Receive Application and Item
Level Certificate check boxes are selected.
-
Do not select the Activity Required check box.
-
Enter suitable dates for the interim retention and
final retention.
-
In the Certificate Response Days field, enter
5.
-
The percentage to recognize should be set to 100%.
-
Save the record (F12).