A code of up to six characters to identify the contract, and a description of the contract code in the next field. Contracts can be provided by vendors on the serialized and/or lotted items you purchase from them.
Enter the number of days in this period.
Note: This field is not available for a period where the Lifetime field is set to Yes.
Enter the number of days after the sold date that the contract period becomes effective.
For example:
- If Effective Days = 0 (zero), the start date of the contract period is the sold date.
- If Effective Days = 5, the start date of the contract period is 5 days after the sold date.
If this contract period is a lifetime contract, double-click this field to display Yes.
When this field displays Yes, the Contract Days field is not available for the period.
A contract code can have up to five periods.
When you press the Insert key to begin a new line, the next period number is displayed on the new line.
Enter a description of the contract period, up to 60 characters.
Overview
Your vendors likely offer you various guarantees on the quality and durability of serialized or lotted items that you purchase from them, similar to the warranties you provide to your customers.
If you use Serialized Inventory and Lot Tracking, you can use the Contract Codes screen to enter the terms of sales agreements with your suppliers.
Each contract code can have up to five periods, and you can define the number of days in each period of the contract. The number of days in the periods are cumulative. For example, for a 90-day contract, you can have three periods set to 30 days.