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- Control access to business finances
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- How Monument models finance
- Revenue from resourcing
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- Pricing templates
- Operational expenses
- Recording revenue entries
Set a revenue target on the schedule
Choose a practice, team, or office revenue target to plot on the resourced schedule, watch it drawn as a line on the revenue graph, and save that scope into a reusable schedule report.
What you'll achieve
Plot a practice, team, or office's monthly revenue target on the schedule and save that scope into a reusable schedule report, so secured forecast from priced work has something to climb toward.
You'll end up with: A practice, team, or office revenue target plotted on the schedule as a line on the revenue graph, with that scope saved into a reusable schedule report you can come back to.
Before you start
A number on its own doesn't tell you much. Fifty thousand dollars is a good month or a slow one depending on what you expect to bring in, so the schedule lets you plot the practice, team, or office target you're already tracking straight onto the revenue graph as a line. Everything the schedule already prices sits below or above that line, at a glance, month by month.
We'll set a target for Northlight Architects' resourced schedule and save it so it's there every time we come back.
Where the target lives
The revenue target isn't typed into the schedule at all. It's a monthly series that belongs to a scope, either the practice, a team, or an office, and you edit it where that scope actually lives: the practice's series is on Settings โ Finances, a team's is on the team's own detail page, and an office's is on the office's own settings. The schedule doesn't own the number, it only plots it.
That's why the schedule has a scope selector instead of a number field. Pick Practice, a team, or an office, and Monument draws that scope's monthly series as the line, whatever amount was set where it's owned.
Set the practice target
- 1
Open Settings โ Finances and find Practice monthly targets.
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Enter 50000 in Standing monthly target. This applies to months without an explicit target.
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Click Save to keep the practice target, then return to the schedule.
Choose a scope on the schedule
- 1
In the schedule toolbar, open the target scope selector next to the Gantt controls.
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Choose Practice to plot the monthly target you just saved. You can also choose a team or office with its own target.
- 3
Watch the target line draw itself across the revenue graph, running the full width of the timeline at that scope's value.
On a schedule with no billing milestones or invoices, the revenue graph reads $0.00: the target line still draws at whatever the chosen scope's target is, but there is no planned or actual revenue to compare it against yet. Add billing milestones or invoices and the bars fill in toward the line you have already drawn.
To change the number the line draws, go to where the scope lives, Settings โ Finances for the practice, or the team or office's own detail page, and edit its monthly revenue target series there. The schedule's scope selector only chooses which series to look at.
Save it as a report
Naming and describing the saved report is what makes it findable again. Save a report and the scope you chose comes back with it; the amount itself always comes from the practice, team, or office series, wherever you saved the view from.
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Click New View in the sidebar to save the current setup as a schedule report.
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Name it, for example Revenue Target Plan, and describe what it stores, such as the practice's monthly target on the resourced schedule.
- 3
Click Save. A new sidebar report appears, with your chosen scope and its line still in place.
Come back to it
Reload the schedule, or open it fresh another day, and apply the report you saved. The scope you chose comes back exactly as you left it, and the line reflects that scope's current monthly series, so a change made later on the practice, team, or office's own settings shows up here too.
Troubleshooting
- The target isn't a schedule setting. The amount belongs to the practice, team, or office series; a missing or unexpected number usually means the wrong scope is selected, not a lost setting.
- Changing the scope selector isn't changing the amount. It only chooses which series to plot. To change the number itself, edit it on Settings โ Finances, or the team or office's own detail page.
- A zero-revenue graph doesn't mean the target failed. The line and the priced bars are separate things. A schedule with no billing milestones or invoices shows a target line over an empty revenue graph, which is exactly what setting a target ahead of the work looks like.
Where this fits next
Setting a target is one piece of getting comfortable with saved schedule reports; finding your way around the schedule covers the rest of what a saved layout can do. To understand what actually fills the bars against this line, see how revenue flows from resourcing.