Marking a Time Period as Closed for Services Forecasting

As part of your month-end process, after you have completed revenue recognition for a monthly time period, you must mark the time period as closed for forecasting.

To mark a time period as closed for forecasting:

1. From the Time Periods tab, open the time period record.
2. Select Closed for Forecasting.
3. Click Save.

Forecasting assumes that if a time period is closed, all preceding time periods of the same time period type, such as Month, are also closed. This means there is no need to go back and mark old time periods as closed.