| Description | This article guides the reader through the steps required to modify their forecasts. |
| Objective | At the end of this article, you should be able to edit forecasts by including or excluding transactions from a forecast, as also using what-if scenarios. |
| Estimated reading time | 2-3 minutes |
There are several ways that a user can edit and change a cash flow projection to match their current understanding of a business's finances.
Add New Transactions
One of the easiest ways to modify a forecasted cash flow projection is to add a new transaction. You can assign them to new or existing Contacts or Chart of Accounts and set them to be individual or recurring.
Modify Existing Transactions
Certain transactions on Forwardly can be edited, copied, or even deleted. It depends on their Transaction Type and if the transaction is historical or upcoming.
Exclude or Include Transactions
You can modify a cash flow projection by excluding data from the forecast, either by Transaction, by Chart of Account, or by Contact.
Add a Template "What-if" Scenario
An easy way to make a complicated forecast modification is by adding one of Forwardly's template What-If Scenarios. We have five pre-made scenarios which make it easy to test out business decisions like hiring an employee, taking on a new project, financial modelling, and renting equipment.
Remove System Forecast from a Projection
To compare a baseline projection vis-à-vis your accounting Actuals, you may want to edit a projection to omit system-predicted transactions (the System Forecast) from a projection.