When you create a renewal, the values of custom fields on the contract are copied to the renewal and the values of custom fields belonging to related contract line items are copied to the renewal lines.
When you renew a contract, the values and totals for the renewal are calculated automatically.
Renewing Several Contracts
To create renewals for several contracts in one go:
Select the checkboxes of the contracts you want to renew in the list view of the Contracts tab.
Click Create Renewals.
Select the Unit Pricing option you want:
To create the renewals with the prices on the active contracts. select "Use existing prices".
To increase or decrease the unit prices for the renewals, select "Adjust prices by percentage" and enter the percentage that you want to increase or decrease unit prices by.
To create the renewals with prices from a price book, select "Update from price book" then choose a single price book.
For more information about adjusting prices when creating renewals, see Adjusting Prices.
Select the option you want for contract line item start and end dates:
Select "Use existing duration" to set the start and end dates of the contract line items using the duration of the contract line items on the active contracts.
Select "Extend to full length of contract" to set the start and end dates of the contract line items to the same dates as the parent renewal contracts regardless of the duration of the contract line items on the active contract.
For information about the way in which dates are calculated for renewals, see Date Fields.
Click Create.
Click Return to return to the contract list view.
Renewing a Single Contract
To create a renewal for an active or expired contract from the contract detail page:
Click Create Renewal on the Contract Detail page of the active or expired contract you want to renew.
Select the Unit Pricing option you want:
To create the renewal with the prices on the active contract, select "Use existing prices".
To increase or decrease the unit prices for the renewal, select "Adjust prices by percentage" and enter the percentage that you want to increase or decrease unit prices by.
To create the renewal with prices from a price book, select "Update from price book" then choose a single price book.
For more information about adjusting prices when creating renewals, see Adjusting Prices.
Select the option you want for contract line item start and end dates:
Select "Use existing duration" to set the start and end dates of the contract line items using the duration of the contract line items on the active contract.
Select "Extend to full length of contract" to set the start and end dates of the contract line items to the same dates as the parent renewal contract regardless of the duration of the contract line items on the active contract.
For information about the way in which dates are calculated for renewals, see Date Fields.
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