Revenue Forecasting

This module looks at the use of Revenue Forecasting within the Workbench Job Costing module. This is distinct from Contracts Revenue Forecasting in the Contracts Module.

OVERVIEW

Revenue Forecasting provides a process for forecasting the spread of expected revenue for an unlimited number of periods into the future.

The forecast is a snapshot for a particular Revenue Forecasting Period, which can be updated as required until the period is closed (based on various user defined settings)

The forecast can be at the header job level (which will display only the header jobs flagged for forecasting in Job Maintenance), which rolls all the related subjobs up into the header, or at the individual job level (which will display only jobs (of any level) flagged for forecasting in Job Maintenance)

The screen display allows for a window of 24 periods to be displayed at any one time. Forecast values before and after this 24 month window are displayed in Prior and Later columns

The allowable forecast value, the To Bill value, is based on the revenue budget for a job and/or its subjobs less what has been invoiced for a job and/or its subjobs