Creating a Contract from a Plan

When you create a contract from a plan, fields on the plan and plan line items are copied to the contract and contract line items. The length of the contract is determined by the Term and the Number of Terms set on the plan.

Note: Note Notepad

You can only create a contract from an active plan.

The Term and Number of Terms determine the frequency at which the plan is to be billed. The Term is a lookup to the soft dates available in your Salesforce OrgSalesforce organization. The Terms listed depend on the soft dates in your Salesforce Org. See Soft Dates.

To create a contract from a plan:

Click Create Contract or Convert to Contract on the Plan Detail page of the plan on which you want to base the contract.

Enter a meaningful name for the contract.

Select the Account to which the contract belongs.

Enter the date on which the contract starts.

Enter the date of the first bill.

Click Create Contract.

The contract is created with a status of "Draft", and with the default proration policy applied.

To activate a contract:

Click Activate on the Billing Contract Detail page of the contract that you want to activate.

If a popup appears indicating there are incomplete contract lines, click Edit Contract, complete the contract lines then try again.

Click Activate.

Notes:

Billing schedules are generated from the contract start date up to today plus the number of months specified in the Billing Schedule Number of Months field in the FinancialForce Billing Central Settings custom setting. See Billing Schedule Number of Months.

Billing Schedules are always generated from the last billing schedule of a contract or the start date of the contract if there are no billing schedules.

A job is created to generate the billing schedules and you are notified when the job is complete.

This also creates billing schedules for contract line items with the billing type "One-off" if they are not already associated with a billing schedule.

Billing schedules are created automatically if your administrator has set up a job to do so. See Setting up a Job to Generate Billing Schedules.

After activating the contract you can create further billing schedules for the contract on the Salesforce Billing Contract Detail page. See Switching between Enhanced and Salesforce Detail Pages and Setting up Default Detail Pages.

When a contract is active, you may need to create a change request to edit the contract depending on the options your administrator has chosen. See FinancialForce Billing Central Settings and Contract.