Forecast

The Forecast feature records projections for Revenue and Expenses. Forecasts help you plan with confidence and budget with precision. With Clarra, you can easily compare Forecasts with actuals to better understand performance.

Forecasts function hand-in-hand with Clarra’s other Accounting features. You can include Revenue Forecasts in Invoices you create, for both one-time and recurring payments, utilizing known streams of future Revenue in your planning.

Expense Forecasts are exclusively for budgeting and planning purposes and cannot be connected with Invoices. To add Expenses to an Invoice, create an Expense.

By default, Forecasts for the current month are displayed. You can edit the Date Range, and add additional filters.

Add a Revenue Forecast:

• Select the Accounting Section on the left side of the screen
• Click on the Forecast tab
• Click “+ Add” on the right side of of the screen, beneath the “Revenue Forecast” header
• Indicate whether the Forecast is One-Time or Recurring
  • If One-Time, select the Date
  • If Recurring, select the Start Date and End Date, and indicate how often the Forecast Recurs
• Select the Matter the Forecast is related to
• Select the Payor, from Contacts
• Select the Payee, from Contacts
• Enter the Amount
• Choose a Fee Type
  • Customizable in Accounting Properties
• Include any relevant Notes
• Press “Save”

Add an Expense Forecast:

• Select the Accounting Section on the left side of the screen
• Click on the Forecast tab
• Click “+ Add” on the right side of of the screen, beneath the “Expense Forecast” header
• Indicate whether the Forecast is Billable or Non-Billable
• Select the Date
• Select the Matter the Forecast is related to
• Select the Vendor, from Contacts
• Enter the Amount
• Choose an Expense Category
  • Customizable in Accounting Properties
• Choose an Expense Code
  • Customizable in Accounting Properties
• Write a Description of the Expense
• Include any relevant Notes
• Press “Save”