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
- 1.8K Product Ideas
- 1.8K Ideas Exchange
- 1.6K Connect
- 1.2K Connectors
- 300 Workbench
- 6 Cloud Amplifier
- 9 Federated
- 2.9K Transform
- 102 SQL DataFlows
- 626 Datasets
- 2.2K Magic ETL
- 3.9K Visualize
- 2.5K Charting
- 753 Beast Mode
- 61 App Studio
- 41 Variables
- 692 Automate
- 177 Apps
- 456 APIs & Domo Developer
- 49 Workflows
- 10 DomoAI
- 38 Predict
- 16 Jupyter Workspaces
- 22 R & Python Tiles
- 398 Distribute
- 115 Domo Everywhere
- 276 Scheduled Reports
- 7 Software Integrations
- 130 Manage
- 127 Governance & Security
- 8 Domo Community Gallery
- 38 Product Releases
- 11 Domo University
- 5.4K Community Forums
- 40 Getting Started
- 30 Community Member Introductions
- 110 Community Announcements
- 4.8K Archive