About setting up your contract management environment

Article:HOWTO45858  |  Created: 2011-03-22  |  Updated: 2011-03-24  |  Article URL http://www.symantec.com/docs/HOWTO45858
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About setting up your contract management environment

Before you can create contracts in Asset Management Suite, you must set up the following prerequisite financial configuration item types for contracts:

Accounting Periods

An accounting period represents a yearly range of dates that corresponds to a set of financial records or reports.

See Configuring accounting periods.

Cost Type

Cost types specify a type of expense and enable you to logically group expenses. Cost type attributes affect depreciation values, group allocation, and other reporting areas. Asset Management Suite includes predefined cost types, but you can add custom cost types if you need.

Depreciation Schedule

The depreciation schedule lets you specify the rates and the dates that are associated with depreciating assets and other resource items.


Currency configuration item type lets you specify different currencies and their rates compared to the base currency.

Base Currency

After you specify the base currency, you can use the currency values and rates with the currency convertor.

The Quick Start - Contracts Web part displays the items that must be completed in the order shown, when you first begin managing contracts in Asset Management Suite.

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