Income planning – Detailed planning of your future turnover

4. January 2021

Good planning for the future is the best basis for entrepreneurial success in the present. projectfacts therefore offers you many functions to prepare for the various challenges your company faces. With projectfacts 6.7 the possibilities are now extended to record potential revenues and to compare them later with the services actually performed. We present our new revenue planning.

Plan income in more detail

With the new planning, you can not only enter planned revenues at a point in time X, but also distribute them over a period of time. In addition, you can store a probability of the income, as well as define a project as a cost unit.

Income planning with projectfacts

The cost centres of the revenues can also be planned in, and you are not limited to just one. You can enter several and determine what share each cost centre is expected to have in the planned revenue.

You can then use our scheduling wizard or manually distribute the revenue over a period of time. Once you have entered your potential revenues in the system in this way, you will receive a forecast of all possible revenues, divided according to your cost centres, via the planning overview.

Income planning with projectfacts

Comparison of planned and actual income

The quality of a good plan can only be recognised when it is caught up with the present and the plan and actual can be compared. With the analysis, the potential revenues can be compared with the actual hours worked and their value, among other things. In this way you can see how well you have exploited your potential.

Income planning with projectfacts

The target/actual comparison is always at the end of a revenue plan, but this is not where the possibilities of our new function end. The planning can be linked to many elements such as receipts and the like. In this way, you can check the development of a potential revenue not only in the comparison of the initial and final value, but also in all the important phases that take place in between.

Income planning with projectfacts

If you are interested in our revenue planning service, our advisors will be happy to show you how to set it up and use it.

Header picture: © Waewkidja – (2020)