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 Freestyle 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 Freestyle.
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 prediction name
Enter 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 the account the prediction is to be set against.
VAT/GST/sales tax rate override
VAT/GST/sales tax rate override
Set the VAT/GST/sales tax rate.
📎 NOTE: You won't need to do this if your default rate has been set.
Store on the...
Store on the...
Select which date in the month you want the prediction to be stored on.
Add monthly figures
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
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
Add financial year
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
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
'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 the prediction is being created against, to the VAT/GST/sales tax, bank, and accounts receivable/payable.
