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.
In each of the financial tabs, you'll see a button to Add manual prediction. Give that a click, then in the Prediction Method dropdown, select Repeating.
You'll then be able to set up your prediction:
Give the prediction a name, this is how it will be shown in Futrli.
Select which account you'll be creating a prediction for.
Set the VAT/GST rate, if it differs from your default.
Determine when the prediction is going to start from.
Enter the amount of the prediction exclusive of VAT/GST.
Now decide the pattern of repetition. This can be:
Daily
Weekly
Monthly
Quarterly
Annually
If applicable, set an end date. This can be after a certain number of repetitions, on a certain date, or it could have no ending.
Depending on the repetition pattern you've set (daily, weekly, monthly etc), you'll be able to add either a percentage or amount decrease or increase. The original amount you enter will be your starting point, with increases or decreases being calculated for future periods.
Set the impact on cash flow:
Single day payment
Single payment (set the date for payment)
Multi: in days (set varies dates from different percentages on payment)
Non cash transfer (remove any cash flow impact, just select the balancing account)
Get a live view of how your new prediction is impacting various accounts.
Save your prediction when ready and you'll find it showing in multiple places within your forecast. You’ll see a corresponding prediction line with the same name on the P&L, cash flow 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.).
