| Description | This article guides the reader through the steps required to create a new cash flow projection or edit an existing one. |
| Objective | At the end of this article, you should be comfortable creating projections or editing them on your own. |
| Estimated reading time | 3-4 minutes |
Whenever a user connects a business's accounting software to Forwardly, a simple rolling cash flow forecast is automatically created. Adding a projection for comparison against your accounting data and our system forecast is an essential part of cash flow forecasting. It helps you check where your cash position will be in the future by adding different variables to your daily cash flow.
Add a Projection
- Go to the Cash Flow area.
- Click Add a Projection.
- Select which data streams you would like to add to the projection. You can add one, or both.
- System Projection: The forecasted cash position of this business, based on transactional history from the connected accounting data.
- Actuals: The data that has been saved in your connected accounting software.
- Click Create.
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Tip: Working with multiple projections? Make sure you have the right projection selected when making changes; any transactional edits made or scenarios added to the forecast will only affect the active projection. |
Edit, Duplicate, or Delete a Projection
You can Edit, Duplicate, or Delete an added projection's core details through quick action buttons.
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Reminder: The initial projection, named the "System Forecast" by default, can be edited and duplicated but cannot be deleted. |