This allows for greater detail in the forecast. When you enter forecast transactions, you can use every attribute that exists for an actual transaction. Therefore, you can view transaction details for a parent project or its subprojects. You can view budgeted transactions for a single project hierarchy. To focus on a particular project, you must filter the data. You can view transactions in the forecast forms, where you see the forecasts for the whole company and for all projects, regardless of the hierarchy. If you allocate over a period, you can carry unused amounts forward to the next fiscal period. You can allocate transactions over the whole project or a fiscal period. Because forecasts are based on a specific date, you must infer the period from the date. Instead, the forecast, and the control of the forecast, are based on the life of the project. You can't explicitly allocate transactions over a fiscal period. You should consider the following points before you select a method for your organization. Use project budgeting if your organization focuses more on the financial amounts.īoth project forecasts and project budgets use forecast models to hold the projected transaction amounts.Įach method has its advantages. Use project forecasting if your organization has an operational perspective, and if it focuses on revenues and costs that are derived from specific transactions. There are two ways to manage and control your projects: project forecasts and project budgets. For more information about these changes, see Dynamics 365 Licensing Guide. Dynamics 365 Finance has evolved into purpose-built applications to help you manage specific business functions.
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