Creating a Contract from a Plan
You can create a contract from an active 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 Billing Term and the Number of Billing Terms set on the plan.
To create a contract from a plan:
- Open the plan in the Plan Detail page then click Convert to Contract or Create 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:
- Open the contract in the Billing Contract Detail page then click Activate.
- If a popup appears indicating there are incomplete contract lines, click Edit Contract, complete the contract lines then try again.
- Click Activate.