Advance Required,Hard limit-- List boxes

During agreement creation what is the functionality of advance required list box?? if that list box enabled agreement amount entry field become optional field (4m mandatory)??
Also revenue hard-limit ,invoice hard limit based on what system calculating??where itz applying the rule??i m not finding any difference??
Pls help me
thanks a lot n advance...

Hi
Advance required on agreement form means the customer is willing to pay in advance some amount, before the project has been executed. The terms are entered on agreement level. The advance payment is entered in Account Receivables. Advances will later on be applied to project invoices.
Hard limit for revenue is checked and validated by the PRC: Generate Draft Revenue process. While revenue is generated for that agreement the system will limit the revenue amount, so the total accumulated revenue will not exceed the fund allocated to the project.
Hard limit for invoice is checked and validated by the draft invoice generation process, respectfully..
Dina

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