Create/ Copy Forecast Version

Explanation

Use this activity to create a revenue recognition forecast for selected project/(s). It is also possible to create revenue recognition forecast based on an existing forecast.

Prerequisites

System Effects

As a result of this activity:

Window

Revenue Recognition Forecast, Revenue Recognition Forecasts

Related Window Descriptions

Revenue Recognition Forecast, Revenue Recognition Forecasts

Procedure

To create a new Revenue Recognition Forecast:

  1. Open Revenue Recognition Forecast or Revenue Recognition Forecasts window.
  2. Right-click in the window and then click Create Revenue Recognition Forecast to open the Create Revenue Recognition Forecast dialog box.
  3. Select forecast type in the Forecast Type field.
  4. Enter the Version Description to identify forecast version.
  5. Select the ledger type and ledger ID. By default the ledger type will be All Ledgers.
  6. Select the cut off accounting period. By default the current period will be selected.
  7. Default period profile ID is selected in the Period Profile field. Change the period profile ID using List of Values if needed.
  8. Select projects based on the identity of the project, project group or project manager.
  9. Select Run in Background check box, if the forecast need to be created as a background job.
  10. Click OK to save the changes and create revenue recognition forecast/(s).

To create a new Revenue Recognition Forecast based on another Revenue Recognition Forecast:

  1. Follow steps 1-6.
  2. Select Copy from Forecast option.
  3. Select forecast type in the Forecast Type field.
  4. Select the type of the forecast from which you are going to copy data.
  5. Select version ID from the List of Values.
  6. Select Run in Background check box, if the forecast need to be created as a background job.
  7. Click OK to save the changes and create revenue recognition forecast/(s).