P1721 Contract Details

antipodes1

Active Member
hi there,

we are entering contracts using the above program and have come across a question which maybe someone can help with...
When you enter lines in contract detail you have to enter;

Contract Line Startdate
Contract Line End Date
Bill from
Bill to
Billing Frequency etc
Now the system goes off and calculates the Billable Duration based on the billing frequency and the Contract start and end dates.

The issue we have is:
If we enter a 2 year contract from 01/11/02 to 31/10/04, with a monthly billing frequency, the billable duration is calculated as 23.97 months. If we change the contract end date to be 01/11/04 then the billing frequency calculates at 24.0 months. But if we do this, then we end up billing for 2 years and one day....:-(

So, two questions
1. Why is the date not calculating out as 24 months? Ideally we want the contract to finish on 31/10/04 and be over a 24 month period, not 23.97 months.
2. What impact on amortization will the value of 23.97 months have compared to 24.0 months?

Thanks for any help you can give

Gordon

OneWorld Xe Sp16_018, W2k, SQL 2K on Compaq Proliant.<P ID="edit"><FONT SIZE=-1>Edited by antipodes1 on 1/25/02 06:27 AM.</FONT></P>
 
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