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Working With Manual Extension

2024/04/10 • 1 min. to read
Contracts can be extended by a defined interval. To do this, check the Extension box in the Contract line and define the extension type. Extension Types/Periods are maintained in the Contract Periods table. For more information, see NCRC Contract Periods. It is also possible to enter the extension type at the Contract type. The defined extension type is then automatically set in all Contract lines. This interval is then used to calculate the new end date of the Contract line. Contracts can be extended under Actions > Extend Contract. Then - independent of the time of the execution of this function - the end date of all Contract lines will be set back by the respective defined interval and a new Payment Plan will be created. The status of the Contract line briefly changes to the Extension status defined in the NCRC Recurring Contracts Setup. The status change can then be tracked at header and line level under History > Status Change Log. The Payment Plan will then use the price and quantity of the original last Payment Plan line for all newly created Payment Plan lines.