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Adding an invoice forecast

Invoice forecasting plays an important part in the financial management of a project and your organisation. This page runs you through the high-level steps of adding an invoice forecast into Projectworks for the first time.

Key term:

  • Invoice Forecasting

    This is invoice forecasting. Think of an invoice forecast as an indication of the amount that will be invoiced. Forecasts are entered within projects, against budget lines, within a month. So a forecast of $10,000 in May indicates the intention to raise an invoice in May for that amount. An invoice forecast is about what you expect to bill, which may not be the same as the revenue your organisation has recognised.

    The video below runs you through the basics of adding an invoice forecast [3:05]


    Extra information:

  • Invoice Forecasts vs Budgets report
  • Forecast Change Log
  • Invoice forecasting reports