ECA: For Amount-Based Contract Lines, Amending a Contract Is Adjusting Previously Billed Invoices and Sending Adjustment Bills. Is This How the Functionality Is Supposed to Work?
(Doc ID 2967039.1)
Last updated on AUGUST 16, 2023
Applies to:PeopleSoft Enterprise FIN Contracts - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
For amount-based contract lines, amending a contract is adjusting previously billed invoices and sending adjustment bill. Is this how the process is supposed to work?
- A contract has an amount-based contract line. The billing is done by billing plan events.
- Some of the events are billed and some of the events are not.
- An amendment was performed on the contract to adjust the price of the contract line.
- Noticed that in the Events tab of the Billing Plan page (Navigation: Customer Contracts > Schedule and Process Billing > Define Billing Plan > Billing Plan General), the event lines are now showing the Amendment Amount column with an amount for already billed events. Is this how the system is supported to work?
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