Forecasting Project Revenue
If you use the Sales Order Revenue Forecasting feature with the Project Management feature, you can forecast revenue from variable schedules, such as revenue from projects, on sales orders and return authorizations. Forecasting project revenue gives you insight into projected revenue that will be recognized in the future for each project.
For example, you want to view the revenue forecast for the current fiscal year. Some revenue is associated with variable schedules on Projects that are in various states of completion. By associating each project with a revenue recognition template, project revenue can be forecasted based on the schedule produced by the associated template.
To forecast project revenue, each project must be associated with a standard revenue recognition template. Revenue can then be forecasted based on that schedule. See Associating a Revenue Recognition Forecast Template with a Project.