To create a new contract penalty for a contract term, select the contract term in the "Contract Terms" area of the New Contract Specification.
Right-click on an empty row in the "Contract Penalties for the selected Contract Term" area and select New. This displays the New Contract Penalty window.
The New Contract Penalty window provides the following input fields:
ID
The unique system-defined identifier of the penalty.
Description
The name of the penalty. Maximum number of characters = 50.
Alt. Invoice Desc.
An alternate name that can be displayed on the customers' invoices. Maximum number of characters = 50.
Charge Tax Class
The proper tax class assigned to the penalty charge. See Tax Class Definitions.
Penalty Amount
The amount of the penalty to be applied, if the terms of the contract are not met. See Penalties.
Override penalty to value of handset discount
Checked: The discounts applied to a handset when it is sold are summed and applied to the contract as a penalty override if the term commitment is not met. Used as part of an early termination fee (ETV).
Unchecked: Discounts applied to a handset are ignored if the term commitment is not met.
Notes:
This check box is available if the selected Contract Term is Term Commitment and the penalty Calculation Type is Fixed Fee or Prorated Fee.
This check box can be checked for no more than one term commitment penalty for the selected term commitment contract.
Calculation Type
The type of fee associated with the penalty. The Calculation Types available depend on the Contract term associated with the penalty. See Penalty Types Calculation Table.
Note
The Notes, Taxes and General Ledger tabs are the same as the Notes, Taxes and General Ledger tabs for Products. See Adding Products.