Assigning a Proration Policy to a Contract

You can assign a proration policy to a contract, or change the proration policy assigned, either:

  • On a draft contract
  • On an active contract when Proration Policy is not in the Active Contract Locked Field Set
  • Via a contract change request

To assign a proration policy to an existing contract:

  1. On the Billing Contracts tab, click the name of the contract you want to edit.
  2. Click Edit.
  3. In the Proration Policy field, enter the name of the proration policy you want to apply, or select it from the drop-down list.

    You can identify the default proration policyClosed The proration policy that has the Automatically Assign to New Contracts checkbox set. because it has the Automatically Assign to New Contracts box checked.

  4. Click Save.

When creating a new contract, you can select a proration policy to be assigned or you can accept the default.

Proration policies are listed on the Proration Policies tab. For more information, see Proration Policies.

To create a proration policy, see Creating a Proration Policy.

Note:

When assigning a proration policy to a contract, Total Contract Line Value was previously recalculated for all the contract line items but from Spring 2022 it is only recalculated for Recurring Fixed line items. For non-Recurring Fixed line items, Total Contract Line Value is not recalculated until you save the contract. If you have customizations that rely on the original behavior, we recommend that you review them.