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Create a 'Unit' based prediction
Create a 'Unit' based prediction

How to manually create a prediction using the 'Unit' based method.

Updated over a week ago

When you manually create a prediction, one of your prediction option methods is Unit. forecast.

The method gives you the ability to set a price for a product or service, and then create an accurate prediction on how many you expect to sell. You can also add in price changes, expected monthly growth rates, and expected monthly refunds.


Create prediction using Unit method

  1. In a forecast, click New prediction in the top right of the window.

  2. Click Manual prediction, then on the Prediction method drop-down, select Unit.


Build your prediction with the unit method

The numbers you add to the prediction are up to you, but there are several steps to tick off. Let's quickly run through what you need to do.

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

Select the account the prediction is to be set against.

VAT rate override

Set the VAT/GST rate.

πŸ“Ž NOTE: You won't need to do this if your default rate has been set.

Unit price

Set the selling price for this prediction, exclusive of VAT/GST.

How many?

Set the quantity sold, and over what date range you're predicting to sell that quantity.

Start date

Add a start date for the prediction, as well as an end date. If there is no end date, you can remove the date for a continuous prediction.

Monthly growth

If you have a price change in mind, you can set this up here. You just need to know the new selling price, the new quantity predicted to be sold, and then a new end date if applicable.

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, bank, and accounts receivable/payable.

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