Generating Forecast Revenue Plans for Projects Without Planned Time Entries

Note:

This topic is about recognizing revenue for projects that are attached to line items in sales transactions. For information about recognizing revenue directly from charge-based projects, see Project Revenue Recognition.

To enable the generation of forecast revenue plans, ensure that the Disable Creation of Forecast Plans box is clear. Disable Creation of Forecast Plans is an accounting preference. For more information, see Setting Advanced Revenue Management (Essentials) Preferences.

If a project does not have planned time entries, you can generate forecast revenue plans as follows:

Build a forecast revenue plan on the Percent Complete Override subtab and check the Use Percent Complete Override for Forecasting box. For instructions, see Using the Percent Complete Override Subtab.
Link a revenue recognition forecast rule to the project to forecast project revenue. This option enables creation of a forecast revenue plan. For instructions, see Linking a Forecast Revenue Recognition Rule to a Project.

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