Forecasts

The Forecasts feature in Manager allows you to generate projections based on anticipated income and expenses. This can help you plan for the future by analyzing potential financial outcomes.

Accessing Forecasts

To access the forecasting feature:

1. Navigate to the Settings tab.
2. Click on Forecasts.

Creating a Forecast

Within the Forecasts screen, you can generate forecasts based on your expected income and expenses. Enter your anticipated figures to build a forecast that reflects your projected financial situation.

Generating a Forecast Profit and Loss Statement

After creating your forecast:

1. Go to the Reports tab.
2. Find and select Forecast Profit and Loss Statement.
3. Click New Report to create a forecasted profit and loss statement.
4. Specify the period for which you want to generate the report.
5. Click Create to view the report.

The Forecast Profit and Loss Statement allows you to analyze your forecasted transactions over any selected period.

Comparing Forecasted Figures with Actual Results

To compare your forecasted figures with your actual financial performance:

1. Open the Forecast Profit and Loss Statement you generated.
2. Copy the figures from this report.
3. Return to the Reports tab.
4. Select Profit and Loss Statement (Actual vs Budget).
5. Click New Report to create a comparison report.
6. Paste the forecasted figures into the budget section of the new report.
7. Specify the same period as your forecasted report.
8. Click Create to generate the comparison report.

The Profit and Loss Statement (Actual vs Budget) report will display your actual results alongside your forecasted figures, allowing you to assess variances and adjust your planning accordingly.