When you create a forecast, you have three options to choose from. Below is a comparison of these forecast options, highlighting the features available across all of them, as well as those unique to certain forecast types.
Feature | 1 year P&L | 3 year cash flow | 3 year cash flow with due invoices |
Set the start date | ✅ | ❌ | ❌ |
Will always start today | ✅ | ❌ | ❌ |
Create from scratch | ✅ | ✅ | ✅ |
Create with Futrli's automated predictions | ✅ | ✅ | ✅ |
Create from last year's actuals | ✅ | ✅ | ✅ |
Created from an existing forecast | ✅ | ✅ | ❌ |
Reference forecast in a report | ✅ | ✅ | ✅ |
Look ahead at next 3 full financial years | ❌ | ✅ | ✅ |
P&L view | ✅ | ✅ | ✅ |
Balance sheet view | ❌ | ✅ | ✅ |
Cash flow view | ❌ | ✅ | ✅ |
Control the actual/forecasted data crossover | ❌ | ✅ | ❌ |
Forecast with unpaid invoices and bills | ❌ | ❌ | ✅ |
Lock to prevent changes | ✅ | ❌ | ❌ |
You can also find out more information about these three forecast types in the guides below:
📌TIP: Use our interactive walkthrough tour of the Forecasting feature in Futrli, including the differences between the three forecasting options.