What is forecast of revenue in SAP PSM-FM - Funds Management?

SAP Term: forecast of revenue

• Component: PSM-FM

• Component Name: Funds Management

• Description: The revenue expected by an organization for a specific period of time. Forecast of revenue is a type of earmarked funds document like the funds reservation, which however is not used for expected expenditures, but for expected revenues.

Smart SAP Assistant

• Key Concepts: 
  Forecast of revenue is a feature of SAP Funds Management (PSM-FM) that allows users to predict future revenue based on past performance. It uses historical data to create a forecast of expected revenue for a given period of time. This forecast can be used to plan and budget for future projects and activities.
  
  How to use it: 
  To use the forecast of revenue feature, users must first enter historical data into the system. This data can be from any source, such as financial statements, sales reports, or other sources. Once the data is entered, the system will generate a forecast of expected revenue for the specified period of time. The user can then use this forecast to plan and budget for future projects and activities.
  
  Tips & Tricks: 
  When entering historical data into the system, it is important to ensure that the data is accurate and up-to-date. This will help ensure that the forecast of revenue is as accurate as possible. Additionally, users should review the forecast regularly to ensure that it is still accurate and up-to-date.
  
  Related Information: 
  The forecast of revenue feature in SAP Funds Management (PSM-FM) is closely related to other features such as budgeting and planning. These features can be used together to create an effective financial management strategy for an organization. Additionally, SAP offers a variety of other financial management tools that can be used in conjunction with the forecast of revenue feature.