Creating Forecast Schedule Definitions
When you run Generate Forecasts, if a recognition template has a forecast schedule definition assigned it is used to determine how the forecast revenue should be apportioned. If a template does not have a forecast schedule definition, the forecast revenue is apportioned according to the template's own settings. See What is a Forecast Schedule Definition? for examples.
To create a forecast schedule definition:
- Click the Forecast Schedule Definition tab.
- Click New.
- Enter a unique name for the forecast schedule definition.
- Enter a description.
- Choose whether you want the forecast information to start from the first period that the source object record is active, or the first period of the recognition year. The table below illustrates the difference the two options would make if your object record started in April:
- Click Save to save the header information. Next you need to add one or more lines to define how revenue is split.
- In the related list for Forecast Schedule Definition Lines, click New.
- Enter a definition number. You can only create one line for each period on a forecast schedule definition.
- Enter the split that will be apportioned to this period. This is a value up to three decimal places. Revenue Management will calculate the split as a percentage of the Sum of Split Values shown on the forecast schedule definition's detail page.
- Click Save to save the line, or Save & New to save this line and create another.
Month of Recognition Period | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Recognition Period Number | 001 | 002 | 003 | 004 | 005 | 006 | 007 | 008 | 009 | 010 | 011 | 012 |
FSD start of record | 001 | 002 | 003 | 004 | 005 | 006 | 007 | 008 | 009 | |||
FSD start of the year | 004 | 005 | 006 | 007 | 008 | 009 | 010 | 011 | 012 |
You can now assign the forecast schedule definition to one or more recognition templates. To do this display the detail page for your chosen template, and choose the appropriate forecast schedule definition in the Forecast Schedule Definition field.