Activate Sales Contract Revision
Explanation
Use this activity to activate a sales contract revision. When a contract revision has been approved, it can be
activated. An active contract revision indicates the current valid version of the contract details and is used when
creating Applications for Payment.
If an active contract revision already exists, the status of this revision will automatically be set to
Obsolete when a different contract revision is set to Active. The status indicates that the contract
revision has been in use, but its not in use anymore.
It is not possible to set a contract revision to Obsolete manually.
The Refresh Line Item Taxes toggle will be selected by default if the Copy Contract Item Tax
toggle is not selected. If the Refresh Line Item Taxes toggle is selected when activating the contract
revision, the saved tax codes, percentages and amounts will be refreshed in the contract item level, based on the
latest tax basic data of the customer. You can modify the refresh tax code setting according to your
preference.
Prerequisites
- The sales contract should be in the Enquiry, Estimated, Tendered, Awarded,
Under Review, or Active status.
- The sales contract revision should be in the Approved status.
- If the sales contract line items in the revision that should be set to active refers to contract change
orders, these contract change orders should be in the Active or Closed status.
System Effects
- The status of the sales contract revision will be set to Active and it will not be possible to
manually change the status of an active revision.
- The active sales contract revision will always be the revision displayed by default in the client when
showing contract lines and items.
- You can modify the active revision lines and items as long as they are not frozen.
- If the sales contract revision is set to Obsolete, no modifications will be allowed.
- Planned revenue will be reported to the connected revenue activities when the contract revision is set to
active. (The Report Planned Revenue toggle will be automatically selected).