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Specifying forecast transaction details

You must specify the details on the Enter Details page, and verify details on the Verify Details page. Click the (info) icon to view the additional transaction information:

•       Company Details

•       Forecast Source

•       Package

•       Status

The key details are:

Forecast information

Recurring frequency

Additional information

·        Fields marked with an asterisk (*) are mandatory.

·        You can also fill in partial details and save the transaction for later use.

Forecast information

Specify the following forecast details:

•       Account Number: Select the account from the available list. Account number displayed in the list are based on the following parameters:

–       Client Accounts assigned for CashFlow Forecast service

–       Accounts assigned to the user role

•       Effective Date: Specify the date when the transaction is expected to take place. Effective Date is used to decide inclusion in the forecast calculations.

•       Transaction Amount: Specify the total transaction amount.

•       Forecast Amount: The forecast amount is auto-displayed based on the % expectation value.

•       Forecast Type: Select the required forecast type. Values are based on the selected forecast package.

•       Expectation(%): The expected percentage is auto-displayed based on the selected forecast package. This field is editable only if the selected package allows to edit the expected percentage.

•       Settled Amount: Specify the settled amount if any of the transaction amount is settled before the transaction effective date. You can modify the existing transaction and add details.

•       Transaction Type: Select the required option to define whether the transaction is debit (outflow) or credit (inflow) transaction.

•       Reference: Specify the reference number for unique identification of the transaction.

Recurring Frequency

Specify the following details for recurring transaction:

•       Start Date: The start date for the recurring transaction is auto-displayed. From this date onwards the transaction created is considered in the forecast based on the frequency and period setup.

•       End Date: Select the end date of recurrence.

•       Frequency: Select the required frequency for the recurring transaction. The available options are:

–       Daily: Select daily and specify the day on which you want the recurring transaction to recur.

–       Weekly: Select weekly and specify the period. You can also specify the day of the week on which you want the recurring transaction to recur using the Reference Day field.

–       Monthly: Select monthly and specify the period. Using the Reference Day field, you can specify the exact date on which the transaction should recur.

Additional information

Additional information fields are based on the enrichment parameters added to the forecast package.

Click Verify to verify the specified details.

Where to go from here

Verifying and submitting a forecast transaction