Entering Summary Application Values—Exercises

Required Data

Enter Tax Codes on Sub Contract

Purpose: The purpose of this exercise is to show you the required data that is used in the exercises below.

Note: In order to define tax codes to contract items, the sub contract must have a VAT (non Sales Tax) supplier. 

  1. Define at least two tax codes for some of the contract items in the sub contract.

General exercise for Enter Tax Codes

Creating Valuation

Purpose: The purpose of this exercise is to show you the required data that is used in the exercises below.

Note: Before creating the valuation, make sure that the Item Level Certificate check box in Sub Contract/Defaults tab is not selected for the sub contract you are working on.

  1. Create a sub contract valuation.

General exercise for Creating Valuation

Main Exercise

Purpose: The purpose of these exercises is to enter the summary application values for the valuation and to change the status of the valuation to Application Received.

Windows:
Sub Contract Valuation /Item Valuation

Entering Summary Application Values

  1. Open the Sub Contract Valuation window and query for the valuation.
  2. Enter 2 in the Application Number field.
  3. Click the Sub Contract Valuation/General tab, enter the current date in the Application Date and Application Received Date fields.
  4. Go to the Sub Contract Valuation/Total Valuation tab.
  5. Enter values in the Work Value Applied For and Stored Material Applied For fields for the two tax codes you entered in the sub contract.
  6. Save the records (F12).

Receiving Application

  1. Open the Sub Contract Valuation window.
  2. Query for the valuation from the previous exercise.
  3. Right-click on the header and click Status, then click Receive Application. The value in the Status field changes to Application Received.