You create warranty contracts to define the agreement to
maintain one or more assets with an outside service provider for a
fee or a scheduled set of payments.
Procedure
- In the Warranty Contracts application, click New
Warranty Contract. The status is set
to draft and the start date is set to the current date.
- In the Type field, specify whether
you are creating a warranty or service contract.
- Specify the value for currency.
- Optional: Specify additional details and vendor
information.
- Save the contract.
What to do next
New contracts are assigned a unique contract number. You
can append data to this number to differentiate this contract from
others. For example, when you have multiple sites and want to track
contracts associated with them individually, you can append a site
identifier to the contract number.