Can Billing or Revenue Recognition Occur With A Pending Contract?
Last updated on JANUARY 18, 2017
Applies to:PeopleSoft Enterprise FIN Contracts - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.
Qn1:We have contracts that are still in Pending status with Bill Plans that are also pending. If we add transactions to the related project / activity, we noticed that the pricing engine is creating BIL billable rows even though the contract is not active. Is this expected behavior? We thought that BIL rows were only created when the contract was active and when the bill plan is ready.
Qn2:Is it possible to run revenue recognition against BIL rows when the contract is not active?
Qn3:Are billing limits still applied when generating BIL (or OLT) rows for contracts not yet activated?
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