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Generating a Payment Forecast

The Payment Forecasting feature calculates future amounts due/received on a contract, including any percentage increment to the payment amount due/received. The feature is available for every payment stream stored in the Contract Profile.

The payment forecasts associated with a contract are viewed from the Payments browse screen in a Contract Profile.

A

Payments link

Click to display the Payments browse screen.

B

Payment Stream

Locate the payment stream that you want to forecast.

C

Forecast icon

Click the icon to display a screen that allows you to generate a payment forecast.

Note: You can also view and edit a payment forecast using the icon.

D

Start Date field

Click in the field and enter the date the first payment will be made or received. You can also click on the Calendar icon to select the date.

E

No. of Payments field

Enter the total number of payments that will be made or received during the forecasting period. In the example above, we are forecasting the payment stream for 12 months (i.e., one year of monthly payments at $500 per month).

F

Frequency list

Select the frequency with which payments will be made or received. The options are Monthly, Annual, and Quarterly.

G

Amount field

Enter the dollar amount of each payment. If you are entering a whole number, decimals are not needed (e.g., enter "500," not "500.00").

H

Increment Interval field

If applicable, select how often the payment will increase during the time frame you are forecasting. The options are Monthly, Annual, and Quarterly.

I

Increment Percentage field

If applicable, enter the percentage that the payment amount will increase over the time frame you are forecasting. For example, if the payment will increase 5%, enter .05 in the field, and if the payment will increase 10%, enter .10 in the field.

J

Generate Rows button Click to generate the payment forecast.

K

View Forecast

Scroll to the bottom of the screen to view the payment forecast. Each payment record shows a Start Date, End Date, and the Amount. The number of records displayed is equal to the number of payments times their frequency (monthly, annual, quarterly).

Note: The total value of the payment forecast is shown at the bottom of the Amount column.

L

Save Payment Forecast button

Click to save the payment forecast. This forecast can now be viewed at any time by clicking the icon from the Payments browse screen.
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