When there are future or upcoming events in your business that you need to stress test for timings, cash flow feasibility or general business impact, Futrli gives you the ability to create your own manual predictions.

These can be created in addition to the automated predictions each account will already have, or they can replace those automated predictions - just toggle them off.

How you can create your own prediction

In each section of your chart of accounts, you'll see a big red button to 'Add manual prediction'. Give that a click to start creating your own prediction.

What are the manual prediction options?

There are currently four methods to create your prediction. Click on each to read a more detailed guide on how to use them:

Formula - Formulas can be used if you have business events like:

  • Marketing spend increases with revenue?

  • You get a better deal on product costs if you sell more?

  • Sales commissions depend on your team’s sales thresholds?

  • Corporation (Income) tax needs to be calculated to ensure enough cash in the bank?

Freestyle - Useful for those less predictable accounts. Set certain totals against certain months, or use the 'Quick Actions' option to increase/decrease results by certain amounts.

Repeating - Now for the more predictable accounts. Set the repeating amount, choose how often it will repeat (daily, weekly, monthly, quarterly or annually), then decide when it will repeat until. You can also add percentage or amount increases and decreases if required.

Unit based - Perfect for the selling of items. Set the selling price, then how many you'll be looking to sell and in what time range. Confirm when the selling will commence, and when it might end (if it will end). You can then even add a growth percentage or a refund percentage, as well as a future price change!

Confidence in the numbers

Whichever method of predicting suits you, the Accounts impacted tool gives you a live view of exactly what numbers your prediction is producing.

As you update your prediction, numbers will populate each impacted account. When using the freestyle, repeating or unit based methods, you'll see figures updating for:

  • The account your prediction is set against

  • The bank account being credit/debited

  • The VAT/GST account (if the prediction has VAT/GST)

  • The accounts payable/receivable line (depending on the cash flow payment treatment)

  • The chosen balancing account (if a non cash transfer has been selected)

When using the formula method of creating a prediction, a second tab will display, Formula values used.

This tab displays anything referenced in your formula, allowing you to sense check what you're creating as you create it.

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