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How to make field that auto-populates a number in a sequence?

Question asked by jennifer@giftconnect.com jennifer@giftconnect.com on Oct 15, 2015
Hi! Need help to create a auto reference field in my CONTRACTS module. 

Each time I create a Contract I would like to assign a reference # to the contract. I would like it to auto-populate. 

For example, new contract created - field update 

CONTRACT ID = GC IO #XXXXX [starting at 10001]

I would like it to do more but this is a start. We are using SugarCRM Enterprise, Version 7.6.1.0 (Build 1163)

Any insight is appreciated. 
Thanks, 
Jennifer

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