You can perform the following tasks under manage usage.

• Manage Actuals
• Manage Forecast
• Manage Budget

Managing Actuals

Actuals represent usage during a period and may or may not tie directly to forecasted and budgeted usage. Revenue for a usage fee for a period is generated from the Actuals usage value.
Actuals are managed from the Agreement Fee and can only be entered for the current period. 

To enter Actuals

1. Select the appropriate Agreement.
2. Select the appropriate Agreement Fee.

3. Click Enter Actuals.
   
   

   

   Note

   You can override the calculated actual revenue amount using the Actual Amount Override field.

   
   
   
   
   
   

4. Complete the following fields as per the table.
   
   
   
   
   

   Field Name	Description
   Actual Units	Actual units
   Actual Amount Override	Actual amount override
   Comments	Comments (if any)

5. Click Save.
   
   

To edit Actuals

1. Select an appropriate agreement.
2. Select an appropriate agreement fee.
3. Click Enter Actuals and enter the appropriate units and amount.
   
   
   
   
4. Click Save.
   
   

Managing Forecasts

Forecasts represent the predicted usage for an agreement fee. Unlike actuals, forecast usage can be entered for all periods within the term of an agreement fee. If desired, forecast override amount can be used to override the calculated forecasted revenue. 

Forecast Revenue is an estimate of future usage and may not tie with actual usage.

To enter forecast

1. Select the appropriate agreement.
2. Select the appropriate agreement fee.
3. Click Enter Forecast.
   
   
   
   

4. Complete the fields as per the table.
   
   
   
   
   

   Field Name	Description
   Forecast Units	Forecast units
   Forecast Amount Override	Forecast amount override

5. Click Save.

To edit Forecasts

1. Select an appropriate agreement.
2. Select an appropriate agreement fee.
3. Click Enter Forecast and enter the appropriate units and amount.
   
   
   
   
4. Click Save.
   
   

Managing Budget

Budget represented the budgeted usage for an agreement fee. In Revenue Recognition, you can plan your Budget Units, Budget Amount Override, and Budget Recognized Revenue from an Agreement Fee. Entering the budget doesn't affect Agreement Revenue Schedules. Entering budget helps in better visualization of the real scenario - you plan a budget, you plan a forecast and you enter the actuals. You can generate the reports and see the difference.

To enter budget

1. Select appropriate agreement.
2. Select appropriate agreement fee.
3. Click Enter Budget.
   
   
   
   

4. Complete the following field as per table.
   
   
   
    

   Field Name	Description
   Budget Units	Budget units
   Budget Amount Override	Budget amount override
   Budget Recognized Revenue	Budget recognized revenue

5. Click Save.

To edit Budget

1. Select an appropriate agreement.
2. Select an appropriate agreement fee.
3. Click Enter Budget and enter the appropriate units and amount.
   
   
   
   
4. Click Save.