Use this program to create and maintain the controls for document printing in the Service and Repair module. This control record is referenced when entering and printing proposals, contracts, work tickets, and invoices. This record must be set up before normal Service & Repair processing begins.
You can use this program to implement contract accruals. Accruals spread revenue. If for example, a service contract is for a year and billed to the customer quarterly. Without the accruals, the revenue would be recognized at the time of the invoice to the customer, 4 times yearly. With accruals, the revenue is spread out evenly over the life of the contract, month to month. Financial processing also recognizes the value of the contracts on the balance sheet until the contract is complete. Check the Use Contract Accruals check box to enable accrual processing.