A Repeating Prediction is perfect for straightforward recurring amounts such as rent for a new office, or for recurring amounts that may increase or decrease over time such as a new monthly revenue stream.
Test it out here first to see how it impacts profitability and cash.
Hit Add against any account and select Repeating.
After giving the prediction a name so you can reference it easily you'll build up the logic:
Enter the amount that you want to repeat (ex VAT or GST) (your source currency is displayed)
Select the repeat pattern (daily, weekly, monthly, quarterly or annually)
Choose when you want it to start and end (this could be on a specific date, after a set amount of repetition, or maybe it will never end!)
Apply any amount or % increase/decrease per period. Hit the radio buttons to make the input boxes live.
Don't forget to do 2 checks:
VAT/ GST % - it will reference your default (as above) (this is found in settings), but you can override.
The Cash Impact - when these products or services are going to be paid. Same day as in retail, or with credit terms in the case of professional services. In the example below you'd be getting 50% on the 24th Sep and 50% 45 days later, in a monthly pattern (see above).
Save any changes and you’ll be able to see the impact of your new prediction in the Activity tab, the Cash Impact tab.
Note: A prediction will show up in multiple places once it’s created. You’ll see a corresponding prediction line with the same name on the P&L, Cashflow Statement, Cash Impact and a possibly a number of areas on the Balance Sheet (bank account, accounts payable, accounts receivable, VAT/ GST, current year earnings etc.).