IFS Projects - Sales Contract Management


This course provides a comprehensive understanding of the Sales Contract Management functionality of IFS Projects related to the IFS Applications.

Target Audience

Those who need to identify and state the essential decisions to be made, basic data and processes to use Sales Contracts in support of IFS Project Management in IFS Applications™.

  1. Introduction to Sales Contract Management
  2. Create Sales Contract
  3. Activate Sales Contract
  4. Modify Sales Contract
  5. Prepare Application for Payment
  6. Process Application for Payment
  7. Analyze Sales Contract
  8. Retentions, Discounts, Deductions
  9. Cost Plus and Markups
  10. Multiple Currencies
  11. Change Contracts for Sales Contracting
  12. Other Sales Contract Functionality

At the end of this course, the students will be able to:

  • Understand benefits and uses of Sales Contracts
  • Create Sales Contracts
  • Develop and Activate Sales Contracts
  • Modify Sales Contracts
  • Prepare Applications for Payment
  • Process Applications for Payment through invoicing
  • Analyze Sales Contracts
  • Use Retentions, Discounts and Deductions with Sales Contracts
  • Handle Cost Plus Contracts with Mark-ups
  • Use Multiple Currencies on Sales Contracts
  • Be familiar with all other Sales Contract functionality

Knowledge: Basic knowledge of the Project and Sales Contract Management business processes

Courses: IFS Applications 10 Essentials, IFS Project Management


IFS Academy Inquiry Text


  • Consultants

IFS Applications Version:

  • IFS Applications 10


  • IFS Projects

Course ID:



Classroom - 1 day, Virtual Classroom - 3 sessions (of 4 hours)

Type of Course:

  • Classroom
  • Virtual Classroom