Forecast monthly expense
I'm trying to create a formula within ETL that will help budget owners understand how their expenses will be accrued over time.
Ex: There's one Purchase Order that has $10,000 left to invoice, and the PO end date is July 31,2022. Our accounting team would expense them evenly for $2,500 for April - July. So I'd need to create 4 additional columns (April, May, June, July) within ETL that includes the $2,500 value.
Answers
-
instead of adding columns, consider adding rows.
consider trying to create an 'accruing_schedule' dataset that says
accrument_date, original_receipt date, po_id, po_id_accrument no, PO_amount, accrument_amt
so if your PO_amount was 10,000 and it was to be accrued over 4 months
you'd duplicate the row 4 times, you'd increment the accrument_date for the first (or last... whatever) day of each month. 10,000/4
po_id_accrument no
PO123_0422
PO123_0522
PO123_0622 etc.
that way you could filter accrument_date in the last 6 months and say "this is how much we accrued in the last 6 months across all your POs
if you UNION transactions, make transaction date the same as the Accrument Date and you can filter on activity_date in the last 6 months and have a column for expenses and accrument.
Jae Wilson
Check out my 🎥 Domo Training YouTube Channel 👨💻
**Say "Thanks" by clicking the ❤️ in the post that helped you.
**Please mark the post that solves your problem by clicking on "Accept as Solution"1
Categories
- All Categories
- 1.7K Product Ideas
- 1.7K Ideas Exchange
- 1.5K Connect
- 1.2K Connectors
- 292 Workbench
- 4 Cloud Amplifier
- 8 Federated
- 2.8K Transform
- 95 SQL DataFlows
- 600 Datasets
- 2.1K Magic ETL
- 3.7K Visualize
- 2.4K Charting
- 685 Beast Mode
- 43 App Studio
- 38 Variables
- 655 Automate
- 170 Apps
- 438 APIs & Domo Developer
- 42 Workflows
- 5 DomoAI
- 32 Predict
- 12 Jupyter Workspaces
- 20 R & Python Tiles
- 383 Distribute
- 110 Domo Everywhere
- 267 Scheduled Reports
- 6 Software Integrations
- 111 Manage
- 108 Governance & Security
- 8 Domo University
- 25 Product Releases
- Community Forums
- 39 Getting Started
- 29 Community Member Introductions
- 98 Community Announcements
- Domo Community Gallery
- 4.8K Archive