When you manually create a prediction, one of your prediction option methods is Unit. forecast.
The method gives you the ability to set a price for a product or service, and then create an accurate prediction on how many you expect to sell.
The method lets you set a price for a product or service and predict how many you expect to sell. You can also add price changes, expected monthly growth rates, and expected monthly refunds.
Create prediction using Unit method
In a forecast, click New prediction in the top right of the window.
Click Manual prediction, then on the Prediction method drop-down, select Unit.
Build your prediction with the unit method
The numbers you add to the prediction are up to you, but there are several steps to tick off. Let's quickly run through what you need to do.
Enter your prediction name
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
Account
Select which account you'll be creating a prediction for.
VAT/GST/sales tax rate
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.
Unit price
Unit price
Set the selling price for this prediction, exclusive of VAT/GST/sales tax.
How many?
How many?
Set the quantity sold, and over what date range you're predicting to sell that quantity.
Start date
Start date
Add a start date for the prediction, as well as an end date. If there 's no end date, you can remove the date for a continuous prediction.
Monthly growth
Monthly growth
If you have a price change in mind, you can set this up here. You just need to know the new selling price, the new quantity predicted to be sold, and then a new end date if applicable.
Cash flow payment treatment
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 varies 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, an Account category, a Unit price, and a quantity under How many?.
