Contract Definition

Contract Basics

Each contract has some basic information that defines the main structure of the contract.

Name

Each contract has a Name.

You can enter any name you see fit. This Name will be used to reference the contract on other screens.

Dates & Period Type

Each contract has a Start Date, an End Date, a Time Zone, and a Period Type.

The Start Date, End Date, and Time Zone selections define the beginning and end of your contract term.

The duration between your Start Date and End Date will be divided into periods, according to your Period Type selection.

The "Periods" of your contract can be calculated in several ways.

"Fixed" means the time between the start & end dates of your contract will be processed as a single period.
"Monthly (Calendar Month)" means each calendar month between your start & end dates will be processed as a separate period and new periods start on the first of each month.
"Monthly (Exact Day)" means each month between your start & end dates will be processed as a separate period and new periods start the same day of each month according to your contract start date.
"Annual (Calendar Year)" means each calendar year between your start & end dates will be processed as a separate period and new periods start on the first of January each year.
"Annual (Exact Day)" means each year between your start & end dates will be processed as a separate period and new periods start the same day of each year according to your contract start date.

Click here for an example...

To illustrate all the differences, let's say we have a contract with irregular dates. Let's say you define a contract that starts on Jan 15th, 2023 and ends on Jan 14th, 2025. A two-year contract that starts and ends in the middle of a month.

If the Period Type is:

"Fixed", then the contract will have a single period from Jan 15th, 2023 to Jan 14th, 2025.
"Monthly (Calendar Month)", then the contract will have 25 periods. The first period will be Jan 15th, 2023 - Jan 31st, 2023. The second period will be Feb 1st, 2023 - Feb 28th, 2023. The following 22 will match all calendar months until Dec 2024. And the last period will be Jan 1st, 2025 - Jan 14th, 2025.
"Monthly (Exact Day)", then the contract will have 24 periods. The first period will be Jan 15th, 2023 - Feb 14th, 2023. The second period will be Feb 15th, 2023 - March 14th, 2023. The following 21 will be 30 or 31 day periods, all starting on the 15th of each month. And the last period will be Dec 15th, 2024 - Jan 14th, 2025.
"Annual (Calendar Year)", then the contract will have 3 periods. The first period will be Jan 15th, 2023 - Dec 31st, 2023. The second period will be Jan 1st, 2024 - Dec 31st, 2024. And the last period will be Jan 1st, 2025 - Jan 14th, 2025.
"Annual (Exact Day)", then the contract will have 2 periods. The first period will be Jan 15th, 2023 - Jan 14th, 2024. The second period will be Jan 15th, 2024 - Jan 14th, 2025.

Contract reports are calculated solely using Jira issues and SLAs on those issues. Since Jira already stores them, you can create contracts and get reports for your past issues as well.