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Conga Support

Editing a Payment Forecast

You can easily edit the information for a payment forecast record, or you can replace the current forecast with an entirely new system-generated forecast.

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

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A

Payments link

Click to display the Payments browse screen.

B

Payment Stream

Locate the payment stream whose forecast you want to edit.

C

Forecast icon

Click the image1026.png icon to display a screen that allows you to edit its payment forecast.

Note: You can also view and generate a payment forecast using the image1026.png icon.

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D

Forecast records

If you want to edit a forecast record, click in the Start Date, End Date, or Amount field to activate it, and then update the information. This would be necessary if the actual dates and/or amount of a payment differs from the forecasted amount.

E

Add Item button

Select if you want to add to the existing forecast records, populate the following fields:

  • Start Date - 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.
  • No of Payments - enter the total number of payments that will be made or received during the forecasting period.
  • Frequency - select the frequency with which payments will be made or received. The options are Monthly, Annual, and Quarterly.
  • Amount - enter the dollar amount of each payment.
  • Increment Interval - if applicable, select how often the payment will increase during the time frame you are forecasting. The options are Monthly, Annual, and Quarterly.
  • Increment Percentage - if applicable, enter the percentage that the payment amount will increase during 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.

F

Delete button

If you want to delete an individual forecast record, click on its Icon Delete icon.

G

Replace Forecast option

If you want to replace the existing forecast with a new system-generated forecast:

  • Remove All button - click to remove the current forecast.
  • Populate the Start Date, No. of Payments, Frequency, and Amount fields. If applicable, populate the Incremental Percentage and Incremental Interval fields. In the example shown, the 5-year forecast for Professional Services is being updated by changing the percentage increase from 3% per year to 5% per year. The original Start Date (1/31/2015), No. of Payments (5), Amount (1,000), and Incremental Interval (Annual) fields are unchanged.
  • Generate Rows button - click to replace the payment forecast.

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H

View Forecast

Scroll to the bottom of the screen to view the payment forecast. In the example shown above, the entire forecast was replaced with a new forecast since the increment percentage changed from 3% to 5%.

I

Save Payment Forecast button

Click to save your edits to the payment forecast.

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