You need to configure the purchase/contract configurations before creating a Purchase Order and Contract. The Purchase/Contract Configurations are,
Purchase - Additional Fields
Require Additional Fields while creating a Purchase Order ? This configuration provides option to add text, numeric, date/time and cost fields.
Purchase Default Values
Set default values to be populated in the New Purchase Order form.
The Business Units are budgeted and tracked for the cost, income and allocation.
Add General Ledger Codes that can be associated with the Purchase Order.
Contract Additional Fields
Require Additional Fields while creating a contract ? This configuration provides option to add text, numeric and date/time.
Notify Technicians of an Overdue Purchase Order or when the lease period of the asset is about to expire.