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Use > Configuration Management > Configuration management administrator tasks > Contract Management overview > Contract payments > Example: Calculating contract payments
Example: Calculating contract payments
Assume that you have a contract covering three assets. An expense line is created for each asset in the Assets section of the Contract form. You make a payment of $127.50 (USD) for all three assets. Contract Management allocates approximately one-third of the payment to each asset’s expense line.
| Asset | Payment |
|---|---|
| First asset | 42.59 |
| Second asset | 42.46 |
| Third asset | 42.46 |
| Total | 127.51 |
When Contract Management adds the allocated amounts, the total is 127.51, which is one cent over the total payment amount. Contract Management adjusts the first allocation amount to ensure the total allocated amount equals the actual payment amount. The final expense line amounts are as follows:
| Asset | Payment |
|---|---|
| First asset | 42.58 |
| Second asset | 42.46 |
| Third asset | 42.46 |
| Total | 127.50 |