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How do I add a transaction to a business forecast?

 

Description This article shows how to add a transaction to a business forecast.
Objective At the end of this article, you should be able to add a transaction to a business forecast within your Forwardly account.
Estimated reading time 5-6 minutes

Forwardly provides multiple ways to add a transaction to a cash flow forecast.

Reminder: Make sure you have selected the correct projection before making any forecast changes.

Add a Transaction Using the Options Menu

  1. Log into your Forwardly account and navigate to the Cash Flow section by clicking on Cash Flow in the navigation menu.
  2. Decide on the appropriate category for the transaction, with the available options being:
    1. Cash In section: Invoices, Income, and Other.
    2. Cash Out section: Expenses, Bills, and Other.
  3. Click on the Options button next to either Cash In or Cash Out.
    cashin.png
  4. Click on Add New Transaction from the popup menu, which will throw up a dialog box as depicted below.
    addnewtransaction.png 
  5. Enter a value for this transaction's Name.
  6. Select an existing Chart of Account, or add a custom name.
  7. You also have the option to enter a Description.
  8. Choose a Date for the transaction.
  9. Use the slider to set the Amount.
  10. If the transaction is recurring, select Yes under Repeat Transaction and select an appropriate value from the available options.
  11. Click the Save button.

Add a New Transaction Using the Table

You can add new, specifically-dated, single, or multiple postdated transactions to an existing Chart of Account or Contact.

Reminder: Make sure that you have changed the date range to Daily to add transactions directly onto the table.

Add a New Transaction on a Date With No Existing Transaction

  1. Set the table Date Range to Daily.
  2. Run through the sections of the table until you find the Chart of Account under which you want to add the transaction.
  3. Click on the cell for the date you intend the transaction to be made on.
  4. Enter an amount value for this transaction.
  5. Check the checkbox to confirm the transaction.
  6. If there is already a transaction in place, a new screen will open up.

Add a New Transaction on a Date With an Existing Transaction

  1. Set the table Date Range to Daily. 
  2. Run through the sections of the table until you find the Chart of Account under which you want to add the transaction.
  3. Click on the cell for the date you intend the transaction to be made on.
  4. In the popup window, click the Add New Transaction button. 
  5. Fill in the Name and the transaction Amount.
  6. Click the Save button. 
  7. Click the X at the top right corner to close the window.

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