A contract line item is a feature that allows you to add detailed information about a specific product or service to a contract. It includes essential details such as the product's name, pricing, quantity, and any other relevant information. Contract line items are essential for specifying the terms and conditions associated with each product or service within the contract, providing a comprehensive overview of the contract's components. They are also used for defining tables in a way that Contract Intelligence can recognize.
To add a line item
Open a contract.
On the LINKS panel, click Line Items.
Click Add New Line Item.
Enter the following details:
Field
Description
Line Item Name
Enter a name for the line item.
Product
Enter a product name.
Quantity
Enter the quantity of the product.
Enter the extended price.
Extended price is the sum of the base price plus the option price multiplied by quantity and term ((Base Price + Option Price) x Quantity x Term).
Net Price
Enter the net price.
Net price is the adjusted price with all category-level adjustments applied.
Enter the list price.
List price is the standard price of a product or service, excluding all discounts, rebates, priced options, or other adjustments.
Description
Enter a description
Click Create.
To configure View Settings
View Settingallowsyou to control which columns are displayed in the grid and rearrange the column order.Click theView Settings() icon tocontrol the columns displayed in the grid. For more information, see Managing View Settings.
You can save your filtered view of a record and set as the default view to avoid reselecting the filters every time you open thegrid (list) view.For more information, see Managing Views.
To clone a line item
For a line item, click the More icon () and selectClone.
Update the required fields and clickSave.
To edit a line item
For a line item, click the More icon () and selectEdit.
Update the required fields and clickSave.
To delete a line item
For a line item, click the More icon () and selectDelete. The Delete Line Item popup is displayed.
Click Delete.
To delete multiple line items
Select line items to delete.
Click the delete icon (). The Delete Line Item popup is displayed.