Project Billing Types for Revenue Forecasting & Recognition

What's New

A new Billing Type setting for Projects lets you turn your work schedules, as set in your project work plans, into detailed timephased Revenue Forecasts for Fixed Price, Fixed Price Milestone, Time and Material ("T&M"), and Mixed (some items fixed price, some T&M) projects reflecting the billing arrangements set in your contracts with customers. 

Based on your Work Plan due dates and their fixed price amounts, you can generate an accurate monthly, quarterly, yearly or multi-year revenue forecasts and simple recognition reports, viewable in:

  1. Financial Planning views for individual projects
  2. Crosstab Reports and Dashboards for reporting across projects

Read more

 

Fixed and T&M items in a Project Financial Planning view

Cost_and_Revenue_Forecast_and_Actuals.png

 

Multi-Customer & Cross-Project Revenue Forecast for all Billing Types

 

Revenue_Forecast.png

 

Report details including conditional formatting for readability

 

Details.png

Read more

Have more questions? Submit a request

Comments