Purpose of this Article: This document explains the procedure on how to activate/deactivating auto billing for Customer Contracts by changing the Contract Type.
Audience: Grant Processors, Customer Contract Processors
Author: Teodora Ivanova
Version: 1
Update Date : 12/23/2019
Search Terms Customer Contract, Contract Type, Grants
Outline The key topics for this process are:
• Topic 1: Activate billing by changing Contract Type to: GRANTAUTOBILL
Recognize revenue on a daily basis or recognize revenue when departments are ready to bill through billing module
• Topic 2: Deactivate billing by changing Contract Type to: GRANTS
Manually recognize revenue to General Ledger when departments send claims to grantors or expenditures incurred for advance grants