Create Application for Payment

Explanation

Use this activity to create an application for payment based on a contract. If any previous application exists for this contract, the valuation values or certified values will automatically be copied. See the Copy Previous Valuation for details activity.

Prerequisites

• The contract must be in the Awarded, Under Review, Active, or Completed status.
• The contract revision must be in the Active status.
• The default project and revenue activity must exist on the contract
• A general report code must be defined as a default value on the contract and it should be a valid report code on the revenue activity.

System Effects

• An application for payment will be created in the Planned status.
• A snapshot of the contract line and contract line item information will be copied to the application.

Window

Sales Contract
Sales Contracts
Application for Payments
Applications for Payments

Related Window Descriptions

Sales Contract
Sales Contracts
Application for Payments
Applications for Payments

Procedure

To create an application for payment from the Sales Contract or Sales Contracts window, follow these steps:

1. Select the contract from which an application is to be created. 
2. Right-click and then click Create Application.
3. A new application for payment will be created. The contract information will be copied to it. If a previous application exists for that contract, the previous valuations will also be copied. See the Copy Previous Valuation activity for details.
4. Save the information.

To create an application for payment from the Applications for Payments or Applications for Payment windows, follow these steps:

1. Create a new record.
2. Enter the contract number or select from the List of values.
3. The contract information will be copied to the application. If a previous application exists for that contract, the previous valuations will also be copied. See the Copy Previous Valuation activity for details.
4. Save the information.