Convert a schedule item to an accrual or receipt

Convert a schedule item into an accrual or receipt from the Schedule of values register, so you do not have to enter the information on the Accruals page.

You must have accrual/receipt permissions to convert schedule of values items to an accrual or receipt. Only items that are eligible for goods receipts can be converted. If the receiving amount causes the line item to be over the allotted tolerance, an error message is shown when you convert to a goods receipt or accrual.

1. From the Schedule of values register, select one or more schedule items.

2. Click the Associate schedule item icon, and then select Accrual/Receipt. The Add new item dialog box opens.

   

3. Select the type, and then add a description and posting date.

   

4. Click Add. The accrual or receipt is created, and the schedule of values quantity is shown on the corresponding line item. If the value of the Summary Progress Value Claimed field is 0, the item is added to the accrual, but defaults to a 0 value. When you convert a value-only schedule of values item, Contract converts the sum of the claimed values of the schedule of values associated to the parent line item.