Forecasting can help you
- Forecast the highs and lows in your cash flow
- Plan your expenditure to minimise potential cash shortfalls in the future
- Monitor your cash position to achieve your goals.
Setting up a Forecast
You can set up two types of forecasts
1. Trend line – this shows the average line of your forecasted transactions
2. Actuals trend line – this shows the actual line of your forecasted transactions
You can choose to see your forecast monthly, weekly or daily.
Features of Forecasting
You can
- See your forecast as a spreadsheet or as a graph
- Set up a trend line or an actuals trend line depending on your needs
- Choose your own forecasting timeframe, it can be monthly, weekly or daily
- See weeks, days or up to 15 months (depending on the time frame you choose) past as well as future within your forecast
- Add more credits (money-in) or debits (money-out) to the information that your forecast is already based on
- Export and save your forecast.
Benefits of Forecasting
- Shows you the highs and lows in your cash flow
- Lets you plan your expenditure to minimise potential cash shortfalls in the future
- Monitors your cash position to help you achieve your goals
- Provides an easy to interpret graph from the spreadsheet forecast
- Is helpful for seasonal businesses to compare and predict cash position trend lines
- Provides flexibility with forecasting timeframes – longer timeframes for steady income and shorter timeframes for income that fluctuates
- Allows you to compare multiple forecasts for different profiles by using our export function.
