On Cash Flow Frog, transactions that are predicted to occur in the future are called Projections.
Projections are not part of your accounting software data, they are created on Cash Flow Frog and represent forecasted transactions. Unlike, invoices, bills and estimate are imported from your accounting software and represent transactions that have already taken place and planned transactions.
The number of projections appears at the top of your forecast page where it is always easily noticed. Click on it to see a list your projections.
How are projections created?
There are two ways by which projections are created:
Click on 'Add a Projection' to add single or multiple transactions to your forecast as projections.
For example, let's say your company has a $10,000 payroll paid twice a month. You can add a $10,000 projection that repeats twice a month and name it 'Payroll'.
The software predicts transactions that are likely to take place in the future and suggests them as projections.
By default the software will ask for your permission before adding projections to your forecast. Nevertheless, you can set projections to autopilot and they will be added to your forecast automatically.
How to edit projections?
Projections can be easily edited in the 'Edit scenario' popup.
Exclude or include projections in your forecast
In the edit scenario popup you can select to include projections in a scenario or exclude them altogether.
Any projection can be excluded or included in any scenario by clicking the toggle on the right side of the projections table. So, if you add a $10,000 payroll projection in one scenario, you can later include it in another scenario simply by turning on the toggle.
Please notice that editing projections affects only the Scenario you are in and not all scenarios. As well, all edits on Cash Flow Frog affect only your forecast scenarios and never your accounting software data.
For example, if you have a $10,000 payroll projection in scenario #1, you can include it in scenario #2 and change the amount to $15,000. Now, scenario #2 will have a $15,000 payroll projection but scenario #1 will still be $10,000.
What happens when projections reach their due date?
When a projection reaches its due date it is automatically removed from your forecast because we assume that if the transaction took place it will be shown as one of your past transaction, hence be represented in your cash flow.
If you are not sure whether your projections will actually be executed on time, you can edit the settings so that when projections reach their due date, the software will push it one day forward, until you manually delete the projection.