When looking at Fluidly's cashflow forecast, you will notice up to three different types of prediction. Each one behaves slightly differently, allowing you to tailor the forecast to your needs.
These are invoices that are currently outstanding and will be shown with an expected payment date. The expected payment date is based on how Fluidly is seen cash come in from, or go out to, that particular counter-party in the past.
You are able to make two changes at this stage: use the calendar icon to adjust the date on which you think the cash will move or use the ellipsis button to hide the invoice.
Hiding the invoice will remove it from the forecast and is often used to exclude bad debt, but this can be undone very easily if required.
Based on historic cashflows, Fluidly will make a set of predictions for each account line. These predictions include a date, an amount, a counter-party and a frequency (eg. weekly, monthly).
To adjust these predictions, it's simply a case of clicking the ellipsis button, hiding the prediction and then adding a new one using the purple button below.
NB. You may also notice predictions classified as "monthly average" - this indicates an amount we believe will come in or go out, but we can't specific when we believe this will happen in the same way that we can with other predictions.
Finally, the buffer serves to indicate any other cash that we believe you should account for but we can't specify more exact details.
Buffers can often be found in account lines which have infrequent or random transactions associated with them (eg. company fuel expenses which often involve transactions of different amounts at different times with different counter-parties.
Buffers can be removed and are often replaced with more specific predictions, benefitting from insights you may have into a particular business.