Approve Contract Revision

Explanation

Use this activity to approve a contract revision. After the contract revision has gone through the approval process, it can be set to Approved. It is also possible to skip the approval in progress step and directly approve the revision.

An approved contract revision can be modified. If the audit trail is enabled, all changes done to the contract after its been modified will be logged to keep a full history track.

Prerequisites

• Contract revision must be in the Planned or Approval In Progress status.
• A default project and revenue activity must exist on the contract.
• A general report code must have been defined as a default value on the contract. This is used on the item level when calculating tax.

System Effects

• The contract revision status will be changed to Approved.
• Modifications to the contract revision, lines, and items will be allowed.

Window

Sales Contract

Related Window Descriptions

Sales Contract/Revision
Sales Contract/Items

Procedure

1. On the Sales Contract/Revision tab, select the revision you want to approve.
2. Right-click, point to Status and then click Approve.
3. Click Yes to confirm.

Note: The same activity can be done on the header of the Sales Contract/Items tab.