Community Tips

Sales Contracts With Funding Limits or Ceilings

Sales contracts that have funding limits are common in professional services firms and government contractors. Entering funding limits and reducing the overall billing to those funding limits is the desired ERP and accounting system behavior.  These types of contracts are typically called time and material or cost plus.  SAP can
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Contracts and Billing by ACRN, Accounting Classification Reference Number

Have you recently received a government contract that requires you to bill by ACRN?    Are you doing this today in an excel spreadsheet? What is an ACRN? ACRN stands for Accounting Classification Reference Number.  This is how the government allocates funding for government contracts.  It is often referred to
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