Amendment creates a new version of a contract record with the same Contract ID number. When to use: You have a signed agreement but need to change terms, rates, or dates.
How to Create an Amendment
Open the contract record and select Amendment from the
menu.
Enter a note in the Comments box to describe the purpose of the amendment.
Click OK.
Modify the record.
Click
.Upon saving, you will be asked if you want to make this the Active Version*. Select Yes or No.
The old version is saved and a new version having the original contract ID but with a new version number is opened. The contract record header clearly identifies this as an Amendment. The Version number is also a drop-down field that allows you to open a different version.
An entry is added to the Contract Version History grid. The Version Type is Amendment and the notes entered by the user, the date the amendment was created, and the user who added the amendment appear in the entry.
*NOTE: The Active Version is the version which appears in the Contracts grid and is the version to which the system will always navigate. All other versions are inactive, though they can be viewed by selecting them from the Version drop-down in the contract record header or the Contract Version History grid.