Project Revenue Forecasting Overview

The following topics describe how the Revenue Forecasting calculations work for each recognition method:

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

Note:

Revenue Forecasting uses monthly time periods by default, so you must ensure that monthly time periods are set up for the full project duration.

Revenue Forecasting assumes that if a time period is closed, all preceding time periods of the same time period type, such as Month, are also closed. This means there is no need to go back and mark old time periods as closed.

Warning:

As a regular part of your Revenue Forecasting process, when you complete revenue recognition for a monthly time period, you must then select the Closed for Forecasting field on the related time period record for Revenue Forecasting to work correctly.

For information on how to close a time period, see Marking Time Periods as Closed for Revenue Forecasting.

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