Creating a 'Unit' prediction

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

Updated over a week ago

The unit based method of creating a prediction gives you the ability to set a price for a product or service, then create an accurate prediction on how many you expect to sell.

In addition to how many you expect to sell and for what price, you can also add in price changes, expected monthly growth rates and expected monthly refunds.

How to create a unit based prediction

In a budget, scenario or the daily tracker, you will see an option in the top right of the window saying New prediction.

Give that a click, select Manual prediction, then select the Unit prediction method.

How to build a new 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.

Give the prediction a name. This is how the prediction will display within the forecast, or any reports you build referencing it.

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

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

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

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

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.

Add a percentage growth and/or refund amount.

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.

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 (remove any cash flow impact, just select the balancing account)

The Accounts impacted section

The Accounts impacted tab shows you all accounts that will see movements, 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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