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Forecasting project financials

On project financials tab you have the possibility to forecast expense and billing related figures. The forecasts are calculated based on all items on the project and hitting Update forecast calculates figures for current and future months (never to the past).

When you hit the button the forecasts are updated accordingly. If you have entered forecasts manually or have used the automation earlier, you are prompted to notice that the existing values in current or future months will be overwritten. So how are the forecasts calculated then?

For fees where billing is "Immediately"

  • Price goes to current month
  • Cost goes to the month of "Date of cost"

immediately.jpg

Fees where billing is "On date"

  • Price goes to the month of the billing date
  • Cost goes to the month of "Date of cost"

on_date.jpg

Fees where billing is "When phase is completed"

  • Price goes to the month where the phase deadline is
    • If phase has no deadline, price goes to current month
  • Cost goes to the month of "Date of cost"

phase_completed.jpg

Recurring fees (both price and cost)

  • The first month is looked up from the "Start date". "Repeat every" defines the intervals after "Start date". When recurrence end is
    • Number of times: The price and cost are entered as many times as user has set into "times". NOTE: Maximum of 12 months forward are calculated.
    • On date: the price and cost are entered up until that date. NOTE: Maximum of 12 months forward are calculated.
    • Never: Price and cost are entered 12 months forward

recurring.jpg

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