When a client promises to make a payment at a future date on an outstanding invoice, record it in their RB9 records. Then you can project increases in your cash flow based on the promised payment dates and amounts of outstanding invoices.<\/p>\n
The Collection Forecast lists all of the clients with payment-promised dates and amounts for a specified period so you can forecast cash inflow to your business.<\/strong><\/p>\n The promised date defaults to today but you can select any date range to view. You can also narrow results to clients tied to a single collector in charge of collecting their overdue payments \u2014 for example if you want to see only those accounts that are your responsibility. Based on the amounts and dates promised by clients for outstanding invoices, you can forecast cash inflow to your business.<\/p>\n Listings in the results display the firm name, the promised date and amount, and the collector. A total amount of all the listed amounts is included at the bottom. \u00a0You can sort your results in the grid by one or more columns in ascending or descending order (but when you exit the function, RB9 will revert back to the default order). Export the list as an Excel<\/em> spreadsheet or\u00a0a CSV (comma-separated values) file to save, print, share, or use in other applications.<\/p>\n You can also monitor your collection progress with clients, document new attempts, and view graphs of clients\u2019 account activity by clicking a hyperlinked firm in the Collection Forecast results to view the firm\u2019s collection history and account overview.<\/p>\n NOTE: This is an RB9 Standard-only function. It is not included in RB9 Lite.<\/em><\/p>\n TL;DR:\u00a0Project changes in your cash flow based on the promised payment dates and amounts of outstanding invoices listed in this function.<\/strong><\/p>\n Firm:<\/strong> Business you provide services to \u2014 usually law firms.<\/p>\n","protected":false},"excerpt":{"rendered":"Customize your forecast<\/h2>\n
View & update individual collection activity<\/h2>\n
RB9 concepts in this lesson<\/h4>\n