Managing Curves for Billing Forecasts

For more information on billing forecast curves, see About Billing Forecast Curves.

Creating Billing Forecast Curves

To configure the curves to be used in billing forecasts:

  1. Select the Billing Forecast Curves tab.
  2. Click New.
  3. Complete the fields described in Billing Forecast Curve Fields.

To add points to the curve you have created:

  1. Click New Billing Forecast Curve Detail to add a point on the curve in the form of a Billing Forecast Curve Detail record.
  2. Complete the fields described in Billing Forecast Curve Detail Fields.
  3. Repeat as required to add more points to the curve.
  4. Click Save.

Defining Billing Forecast Curves on Opportunities and Projects

You can run billing forecasts on an opportunity or on the unscheduled backlog on a project.

To set the curve to be used for billing forecasts on an opportunity:

  1. Select the Opportunity tab and click on the opportunity.
  2. Select the curve you want to use from the Billing Forecast Curve field. The time delay, or lag, used on the curve is based on the Close Date for the opportunity.
  3. Click Save.

To set the curve to be used for billing forecasts on the unscheduled backlog for a project:

  1. Select the Project tab and click on the project.
  2. Select the curve you want to use from the Billing Forecast Curve field. The time delay, or lag, used on the curve is based on the day the billing forecast is run.
  3. Click Save.

See How Billing Forecasting Calculations Work for detailed information on billing forecast calculations.

Setting Default Billing Forecast Curves

Warning:

It is important to set up default curves for projects and opportunities. If a billing forecast curve is not defined on an individual project or opportunity and there is no default curve set up, the billing forecast calculation will fail.

To specify the default curves to be used for opportunities and projects:

  1. Select the Billing Forecast Setup tab.
  2. From Default Opportunity Curve and Default Project Curve, select the curves you want the billing forecast calculation to use when no curve is defined on an individual opportunity or project. If you have not created any default curves yet, click Create Curve.
  3. Click Save.