Contracts
Creating a contract
Last Updated: October 14, 2024General information Contract name*: The name of the contract, for example “Contract for cleaning services”. Company name: Select from the list the other party to the contract – the company that the contract is (would be) made with. Or, you can create a new company, by clicking Add new. Status*: Select among the following statuses: Draft, Pending, Active, Terminated...
How to quickly copy (duplicate) a contract
Last Updated: October 4, 2024If you have created a contract and want to create another one with very similar or even the same details, there is a fast and easy way to do so, using the Copy button. Here is how to copy (duplicate) a contract: 1. Go to the contract that you wish to copy (duplicate). 2. Click on the Copy button at...
Contract’s Information Box
Last Updated: October 7, 2024When you create a Fixed period contract, on the Contract’s details page you will be able to see a visualisation of the entire contract lifecycle. This is a dynamic timeline chart that provides a quick overview of your contract’s period(s). Let’s give an example: Each line here represents a new period. The first line is the...
Contract Liabilities
Last Updated: October 4, 2024Fixed period contracts have an ongoing commitment. This creates a certain liability (obligation). For example if you enter into a contract for 12 months where you have to pay € 100 every month, at the start of the contract term you already have a liability of € 1,200. As the months go by and you pay...
Terminating a contract
Last Updated: October 7, 2024Step 1 Go to the Contract’s Details page and review the information below Dates & Periods. Take note of the following three areas: Termination noticeA termination notice is the formal notification of the end of the contract, for example 1 month. In many cases this means that if the customer does not notify the supplier in...