Skip to main content
All CollectionsForecastingPredictions
Create a 'Freestyle' based prediction
Create a 'Freestyle' based prediction

How to manually create a prediction using the 'Freestyle' method.

Updated over a month ago

When you manually create a prediction, one of your prediction option methods is Freestyle. This method provides the option to add a set amount against each month in your forecast.

This might be if you want to predict a one-off amount or a series of irregular amounts.

Create prediction using the Freestyle method

  1. In a forecast, click New prediction in the top right of the window.

  2. Click Manual prediction, then on the Prediction method drop-down, select Freestyle.
    ​
    ​

    GIF showing a user click the Manual prediction option, then showing the prediction method options from its dropdown.


    ​

Build your prediction with the freestyle method

The numbers you add to each month are up to you, but there are several steps to run through.

Enter your prediction name

Give the prediction a name. This is how the prediction will display within the forecast, or any reports you build referencing it.

Account

Select the account you want to set against the prediction.

VAT/GST/sales tax rate

If you don't enter a VAT/GST/sales tax rate, it will use your default rate set in your settings.

If you want the amount to be different for this prediction, enter a different VAT/GST/sales tax rate.

GIF showing a new VAT rate being entered instead of the default rate.

Store on the...

Select the date the prediction is to be stored on.

Add monthly figures

You can now add figures for each month (excluding VAT/GST/sales tax).

You can use the checkbox against the financial year, or against different months.

📌 TIP: You can use these alongside the Quick Actions.

Quick Actions

The Quick Actions option allows you to save yourself some time with helpful shortcuts:

  • Set selected to - Each month you select can have the same figure. You don't need to add them individually

  • Increase/decrease by percentage - Update the figures by a percentage increase or decrease

  • Increase/decrease by amount - Update the figures by an amount increase or decrease

  • Split between selected - Set the number to split, then select which months will have an even amount split between them

📎NOTE: The Quick Actions will be greyed out until you select at least one period.

📌 TIP: If you want to clear all the figures to start again, you can Select all and from Quick actions, Set selected to 0.

Add financial year

By default, only the current financial year appears. Click Add financial year if you want additional years to show.

Cash flow payment treatment

Set the cash flow payment treatment. The following options are available:

  • Single day payment

  • Single payment - Set the date for payment

  • Multi: in days - Set various dates from different percentages on payment

  • Non cash transfer - To remove any cash flow impact, select the balancing account

    📌TIP: For more details on non-cash transfers, use your guide, Create a no-cash transfer.

'Accounts impacted' tab

The Accounts impacted tab shows you all accounts that will see movements. This ranges from the initial P&L or Balance Sheet account created against the prediction to the VAT/GST/sales tax, bank, and accounts receivable/payable.

📎NOTE: The Accounts impacted tab will not show until you enter a Prediction Name and an Account.

Screenshot of the create prediction window, At the bottom is an 'Accounts impacted' tab with a list of accounts such as VAT and Wedding Sales, with under months from Dec 2023 to October 2024.

Related Articles
Create a 'Repeating' based prediction
VAT/GST/sales tax rates in predictions
Create a 'Unit' based prediction
Create a 'Formula' based prediction
Create a manual prediction
Did this answer your question?