Under these tiles, all Trade Purchase and Sales contracts are managed.
Note: Lists of sales and/or purchase contracts lists made with a specific counterparty can also be found on a Counterparty record.
Contract Numbering
A contract number is composed of 3 parts:
| 1. | It starts with the current fiscal year (e.g. 2016) followed by a hyphen. |
| 2. | Next is the letter "S" to indicate a sales contract or "P" to indicate a purchase contract. |
| 3. | The final part is a 4 digit number sequence beginning with 1. Sales and purchase contracts each have different sequential numbers. As a sales or purchase contract is created, it receives the next available number. |
Examples:
2021-P0003, 2020-P1029
2019-S0208, 2020-S0111
The number sequence is reset to 1 at the start of a new fiscal year.
Once a contract is created, it cannot be deleted, only canceled. The number of a canceled contract may not be reused.