How to Update Forecast Direct Costs

Direct Costs are forecast by revenue type (Marriage, Engagement, Dating), in 4 components:

• Wages
• Materials
• Depreciation
• Other (anything not in the above categories)

If you do not use Marriage and Engagement Revenue, Direct Costs will all be forecast at a single revenue type (Dating).

They can be entered as a percentage of revenue or a manual amount.

1. Go to the Forecast Summary screen.
2. Click the Edit pencil on the Direct Costs line.
3. The revenue types set up under either Marriage, Engagement, and Dating revenue display (if you do not use Marriage or Engagement, only Dating will display).  Click the Edit pencil on the revenue type to be updated.
   1. The screen shows the forecast for the revenue type and shows the Total Direct Costs forecast using a percentage for the past actual 12 months.  This can be updated as follows:
      1. For each component (Wages, Materials, Depreciation, Other), enter either a percentage of revenue or an amount (one will calculate when you enter the other).  Note the Fill button allows you to copy the percentage/amount to each month.
      2. Note to see what accounts are tagged as Other Direct Costs, use the Monthly Data screen.
      3. Click Accept & Save when the data entry is complete.
4. Repeat Step 3 to update direct costs forecasts for any other revenue types.
5. Click Done when all the Direct Costs have been updated.