Set Contract Revision to Active

Explanation

Use this activity to activate a 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 check box will be selected by default if the Copy Contract Item Tax check box is not selected in the Sales Contract/General tab. If the Refresh Line Item Taxes check box 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

System Effects

Window

Sales Contract/Revision

Related Window Descriptions

Sales Contract/Revision
Sales Contract/Items

Procedure

  1. In the Sales Contract/Revision tab, select the revision which you want to set to Active.
  2. Right-click, point to Status, and then click Set Active.
  3. In the dialog box that opens, the default settings of the revision will apply to the Audit Trail, Change Order and Change Comment check boxes. They can be changed by selecting the required check box.
  4. If you wish to have the latest tax codes and percentages in the system applied to the contract, select the Refresh Line Item Taxes check box. If you clear it, only the tax codes that have been saved up to now on the contract item level will be used, and any new tax code changes will not be applied to the contract.
  5. Click OK to activate the revision.