About Forecasting

Revenue Forecasting

Revenue Forecasting enables you to automatically generate recognized revenue forecasts at the project and opportunity level.

The following revenue recognition methods are available:

• Deliverable Recognition Method
• % Complete Recognition Method
• Equal Split Recognition Method

Project revenue forecasts are created using the Monthly time period and identify the types of records that:

• Have already been recognized or are pending recognition, such as timecards and expenses.
• Are scheduled to be recognized, such as milestones and Estimates Vs Actuals (EVAs).

A project revenue forecast also includes unscheduled revenue when the recognition method is "% Complete".

Opportunity revenue forecasts are created using the Monthly time period and include revenue from opportunity products that are marked with the IsServicesProductLine flag. An opportunity revenue forecast only includes unscheduled revenue.

You can view the data using the reports available. For information on Revenue Forecasting reports, see Reporting on Revenue Forecasts.

For information on how to set up Revenue Forecasting, see Setting Up Forecasting.

For more information on Revenue Forecasting, see Revenue Forecasting Overview.

Billing Forecasting

Notes:

Billing Forecasting is to be superseded by Revenue Forecasting at some point after the PSA Fall 2020 release. If you are already using Billing Forecasting, FinancialForce will provide you with a migration path after Fall 2020 to enable you to move to Revenue Forecasting. If you are not already using Billing Forecasting, we recommend that you choose Revenue Forecasting as your forecasting solution.

Billing Forecasting was previously called Enhanced Services Forecasting. It has been renamed to better reflect the functionality.

Billing Forecasting enables you to automatically generate billing forecasts for a given time period at the Regions, Practices, and Groups level for projects and opportunities.

The forecast identifies the types of records that have already been billed, such as timecards and expenses, and the types of records that are scheduled to be billed, such as assignments. The forecast can be configured to include unscheduled project backlog and opportunities.

You can view the data and adjust it using overrides via the Billing Forecast page.

For information on how to set up Billing Forecasting, see Setting Up Forecasting.

For further information, see Billing Forecasting Overview.