What is contract object in SAP IS-PS-CA - Public Sector Contract Accounts Receivable and Payable?

SAP Term: contract object

• Component: IS-PS-CA

• Component Name: Public Sector Contract Accounts Receivable and Payable

• Description: Master data object used to map the management of a business partner's tax, charges, and state benefits in the components Public Sector Contract Accounting PSCD and Customer Relationship Management CRM.

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• Key Concepts: 
  Contract object is a component of the IS-PS-CA Public Sector Contract Accounts Receivable and Payable module in SAP. It is used to manage contracts between a public sector organization and its customers or suppliers. The contract object stores all the relevant information about the contract, such as the terms of the agreement, the parties involved, and any payment or delivery schedules. 
  
  How to use it: 
  The contract object can be used to create, edit, and delete contracts. It also allows users to view and manage existing contracts. Users can also set up payment and delivery schedules for each contract. Additionally, users can generate reports based on the data stored in the contract object. 
  
  Tips & Tricks: 
  When creating a new contract, it is important to ensure that all relevant information is included in the contract object. This includes the terms of the agreement, any payment or delivery schedules, and any other relevant details. Additionally, it is important to keep track of any changes that are made to existing contracts. 
  
  Related Information: 
  The IS-PS-CA Public Sector Contract Accounts Receivable and Payable module also includes other components such as invoice objects, payment objects, and delivery objects. These components are used to manage invoices, payments, and deliveries related to contracts. Additionally, users can use the reporting capabilities of this module to generate reports based on the data stored in the contract object.