--- title: "Revenue Forecast > Configuration" canonical: "https://technology.bytangram.com/space/TGKB/769916929/Revenue%20Forecast%20%3E%20Configuration" format: markdown --- Before you can create a net revenue forecast, it needs to be configured to meet your agency’s needs i.e. what information do you want to include on the forecast, what method do you want to use to forecast the revenue etc. The net revenue forecast is configured from the **settings** module > **finance** > **net revenue forecast methods**. Configuration is usually managed by a system administrator or finance. | **ON THIS PAGE YOU WILL FIND:** | | --- | | > Macro (toc) | --- ## CREATE A NEW METHOD The method determines what quotes and jobs to bring into your forecast, what rules to setup on how to factor in the revenue from those quotes and jobs, and how the revenue is distributed over future months. In WorkBook you can create as many forecast methods as you wish however, you can only have one method per forecast. To create a new method: - Go to the **settings** module > **finance** > **net revenue forecast methods** - Click on **create new profit forecast method** button ![image](media://d9fbafbc-cb71-44a8-9c3c-08e8a517ca56) - Give your forecast method a **name** , ensuring it’s a name that’s recognisable (see examples below) ![image](media://4bd4d6ac-dbea-454d-8456-b77fed009d00) --- ## WHAT TO INCLUDE ON YOUR FORECAST Once you have given the new forecast method a name, you need to decide what items you want to include in your forecast. ### Price Quote Status - For each method, select which price quote status you wish to include in the forecast ![image](media://2bf53d25-ee85-4072-ba88-840c976c080a) | **PRICE QUOTE STATUS NUMBER** | **DEFINITION** | | --- | --- | | Status 10 | Under Preparation | | Status 20 | Waiting for Approval | | Status 40 | Approved Internally | | Status 50 | Approved by Client | > 📝 Some agencies only want to include price quotes in status 50 (approved by client) while other agencies are happy to include all potential price quotes into their forecast ### Price Quote Probability - You can also choose if you want to use the probability on a price quote - For example: a price quote that has a total net revenue of $100,000 with a 25% probability of going ahead would factor in $25,000 into the forecast ![image](media://661bde7e-205c-4291-bb07-d6a3d2306116) ### Pipeline Status - Like price quote statuses, you can also include which pipeline statuses (if any) you wish to include in your forecast ![image](media://620fd8e2-3c4f-4d47-b9b1-41c770c22a6b) ### Pipeline Probability - If including pipelines in your forecast method, you can also choose to include the pipeline probability ![image](media://05949d15-418a-4352-99eb-cbc9542cff7b) ### Forecast Method The forecast method allows you to choose how you want future revenue to be distributed across the months. There can be separate methods for: - Price quotes that sit on non time & materials jobs - Price quotes that sit on time & materials jobs - Pipelines > ℹ️ For more information on forecast methods see [https://tangram.atlassian.net/wiki/spaces/TGKB/pages/885915753](https://tangram.atlassian.net/wiki/spaces/TGKB/pages/885915753) ![image](media://a9e73844-d990-425c-8590-ca66bf128ce9) ### Clients - WorkBook contains different kinds of clients, in this section you decide which type of clients to include in the net revenue forecast ![image](media://f1e8f91f-4293-4b13-b3ff-8b95aa4b71d2) ### On Hold Jobs - When the net revenue forecast is generated do wish to include jobs that have a status of “**on hold**” ![image](media://8625c273-6ad3-46fb-ac55-ffe2e30c0d44) ### Limitations & Rules - How do you want to limit amendments after the forecast has been generated: - NRF & PQ must balance e.g. the net revenue on a price quote is $50,000 the NRF must also equal $50,000 - Flexible, but do not allow to exceed total PQ amount e.g. the net revenue on a price quote is $50,000 the NRF cannot exceed $50,000 - Flexible, no limitations e.g. the net revenue on a price quote is $50,000 the NRF can be any amount > 📝 Most agencies want their price quote and net revenue forecast to balance ![image](media://6189284d-a9ee-4a35-8e31-c60b89856e5b) ### Exclude Non-Billable Jobs - If you wish to exclude non-billable jobs from your forecast, make sure you check the box ![image](media://575becbf-aa8b-4092-8433-aa2ede1c4b43) ### What Type of Revenue? - What type of revenue do you wish to forecast? - Net Revenue - Total Price Quote less Purchases - Gross Revenue - Total Price Quote including Purchases ![image](media://1c8dad76-8c0e-4eab-9271-13022a775de5) --- ## SUB GRID SETTINGS For each method you create there are additional details that need to be setup in the sub grid. ### Finance Account Ranges The finance account ranges tab allows you to setup an account range for actuals reporting. This particularly useful for looking at year to date on a client. - Select the **forecast method** you wish to add the account range for - Go to the **finance account ranges** tab > click the **+ icon** to add the following: - Company - From Account - To Account ![image](media://7ab23194-6628-444e-94cd-5e753a1f463e) ### Job Responsible In the job responsible tab, you can add roles so the NRF responsible & viewer fields populate automatically on a net revenue forecast. #### NRF Responsible This is the role responsible for reviewing, editing & approving the net revenue forecast. #### Viewer/s Viewers are the roles that can view a net revenue forecast once it is published. > 📝 This is read only access, viewers cannot edit the NRF - Select the **forecast method** you wish to add the account range for - Go to the **job responsible **tab > click the **+ icon** - Add the **role/s** > check the box for **RF responsible** &/or **viewer** ![image](media://41cd7193-a4a8-4e04-8cac-0c98f0588c87) ### Pipeline Responsible Like the job responsible tab, in pipeline responsible you can add roles so the NRF responsible & viewer fields populate automatically on a net revenue forecast. - Select the **forecast method** you wish to add the account range for - Go to the **pipeline responsible **tab > click the **+ icon** - Add the **role/s** > check the box for **RF responsible** &/or **viewer** ![image](media://b98a3d9b-9c14-4bc1-b2b8-912631fa28b9) --- ### Related articles > Macro (contentbylabel)