Forecasting and reconizing revenue

• Allocate your budget over time to crate a forecast
• Check in on a daily basis to see time spent and planned
• Recoginze revenue with the right data at hand
• Check balance between invoicing and revenue recognizion

Revenue forecasting and planning often happen separately from the tools used in daily operations.
In an agency environment where work is organized around projects, revenue is often tied—at least in part—to the time spent or the degree of completion in a project.

When revenue forecasts can be quickly compared to time planning and reporting, it enables faster insights and action.

Decisions about which revenue to recognize at the end of the month can also be based on different factors. Invoicing, time spent on the project, and incurred costs all play a role. Roughly Right clarifies the difference between an invoice and recognized revenue—and helps you keep the balance between them.