Maintain Forecasting Bases – A summary of the activity

Through this activity, you can define forecast bases for revenues/costs for cost elements, for a specified period.

A forecast basis comprises the logic for the computation of projected revenues/costs. Essentially, you specify a forecast for a cost center, cost element and financial period combination.

Forecast logic may be system defined or user defined.

The system provides pre-defined forecast bases including labour revenue, labour cost and payroll cost.  

Getting familiar with the pages inside

What you can do in this activity

Create forecast based on flat amount

You can specify a flat amount as projected revenue/cost for a cost element.

Create forecast based on formula

Prerequisites

In the Cost Setup component, the following information must be already defined,

• Cost center structure

• Cost element structure

•  Financial year and financial periods in the MAC calendar