Creating contract summary balance for existing leases

This utility is used to create Contract Summary Balance to stamp the historical values for the past closing period. These Contract Summary Balance records will be used to generate the Disclosure reports and any Roll Forward reports.

1. Go to Contracts > Contract Set Up > Data Utilities > Contract Data Setup Utility.
2. Click Add.
3. On Details section, select Process Type to Create Contract Summary Balance.
4. On Contract Balance Summary Fields section, pick From Date and To Date fields, and then click Save.
5. On the Contracts section, click Find, select leases, and click OK.
6. Click Save > Process.
   The Contract Data Setup Utility record is closed. Once the status of the record is changed to Processed, the Contract Summary Balance records of the selected periods will be created for the selected leases. The Contract Summary Balance will be created only for a lease that has a business unit specified.
7. Click Complete.
8. Each Contract Summary Balance for each period can be entered with the currency rate and amount for each functional account and some other fields also. After filling the information for the Contract Summary Balance, click Save > Activate.