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Creating a 'Unit based' prediction
Creating a 'Unit based' prediction

Selling products or services? Got price changes or refunds to take care of? Look no further.

Updated over a week ago

When you are selling goods or services, you might have price changes that you've decided upon, or are thinking about. If you're selling at volume you might also want to play with prices and the volume too.

Test them out here first to see how it impacts profitability and cash.

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 Freestyle.

You'll then be able to set up your prediction:

  1. Give the prediction a name, this is how it will be shown in Futrli.

  2. Select which account you'll be creating a prediction for.

  3. Set the VAT/GST rate, if it differs from your default.

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

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

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

  7. Add a percentage growth and/or refund amount.

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

  9. 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)

  10. 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, 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.).

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