Creating Forecast Schedule Definitions

Warning:

The Forecast Revenue feature will be removed from Spring 2025. We recommend you migrate to recognition schedules and use the Revenue Scheduled By Period report (RM Report Templates folder) or build your own reports on recognition schedule data to gain insight into a company's future revenue position. For information about migrating to recognition schedules, see Migrating from Actuals to Recognition Schedules.

Alternatively if Revenue Management is integrated with PSA, you can use PSA's Revenue Forecasting feature.

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:

1. Click the Forecast Schedule Definition tab.
2. Click New.
3. Enter a unique name for the forecast schedule definition.
4. Enter a description.
5. 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:

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

6. Click Save to save the header information. Next you need to add one or more lines to define how revenue is split.
7. In the related list for Forecast Schedule Definition Lines, click New.
8. Enter a definition number. You can only create one line for each period on a forecast schedule definition.
9. 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.
10. Click Save to save the line, or Save & New to save this line and create another.

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.