Change management
Understanding no-budget-impact, pending, billable, executed, and void changes
Change status tells you where the document is in its lifecycle, while financial timing tells you when its value affects billing and reports.
Project TeamDesktop WebVerified July 24, 2026
Change status tells you where the document is in its lifecycle, while financial timing tells you when its value affects billing and reports.
Best for: Project managers and accountants · Outcome: Interpret change amounts correctly in contracts and reports.
- No budget impact describes the Change Event's financial intent.
- Pending generally means a CO is not executed and has no Billable On date.
- Billable On allows the change to affect billable reporting separately from signature completion.
- Fully Executed completes the contract status flow and creates the related SOV effects.
- Void keeps the record in history without treating it as active.
Executing a CO sets execution and billing information and creates SOV lines. A billable Prime CO can create and lock its Budget Modification.
Do not mark a change executed merely to make it appear in a report. Use the pending-CO report option or Billable On behavior according to the project's actual accounting policy.