You create a new forecast from the Forecasting tab. There are three different types of forecasts you can create:
Depending on the type of forecast, you can then create them by the following methods:
Click the method below for more details.
Create them from scratch
Create them from scratch
The new forecast will have no predictions, just the balances of any balance sheet account from the last available actual data (not applicable for the 1 year P&L forecast option).
Create with auto-predictions
Create with auto-predictions
The new forecast will have a Futrli-created automated prediction built for every account.
Create from last year's accruals
Create from last year's accruals
The new forecast will have a prediction created automatically for each account. That prediction is a formula referencing the actual data from 12 months previous for the account in question.
Create from an existing forecast
Create from an existing forecast
The new forecast is created using a pre-existing Futrli forecast. Within the new forecast, regardless of how it was created, you can create your own manual predictions, or import predictions in bulk.
Click the type of forecast below that you want to create for detailed steps.
Create a 1 year P&L forecast
Create a 1 year P&L forecast
📎NOTE: This forecast only shows forecasted data. There is no option to show actual data.
Click 1 year P&L.
Enter a name for the forecast.
Select a start date of the forecast.
You then have four options to choose from.
From scratch
Create with auto-predictions
Create from last year's accruals
Create from an existing forecast - you select a forecast to duplicate from
When you're ready, click Create new.
Create a 3 year cash flow forecast
Create a 3 year cash flow forecast
📎NOTE: You don't select a start date for your forecast as it will automatically start today, and then show actual data until whatever date you decide.
Click 3 year cash flow.
Enter a name for the forecast.
Select a date to show the forecasted data from (this can be changed later).
You then have four options to choose from.
From scratch
Create with auto-predictions
Create from last year's accruals
Create from an existing forecast - you select a forecast to duplicate from
When you're done, click Create new.
Create a 3 year cash flow with due invoices
Create a 3 year cash flow with due invoices
📎NOTE: You don't select a start date for your forecast as it will automatically start today, show actual data until yesterday, then show forecasted data from today.
Click 3 year cash flow with due invoices.
Enter a name for the forecast.
You then have three options to choose from.
From scratch
Create with auto-predictions
Create from last year's accruals
When you're done, click Create new.
Next steps
After you create your forecast, when you return to the Forecasting tab, you will find your forecast listed in the left panel as a draft.
you can do the following:
📌TIP: Use our interactive walkthrough of the Forecasting feature in Futrli, including how to create a new forecast.