By using the Forecast Rollover feature effectively, you ensure that your cashflow projections remain accurate and reflective of your business's current state. This helps in making informed financial decisions and maintaining a clear understanding of your financial health.
Detecting Gap to Forecast 🔍
When a forecasted amount in a category is not fully achieved, you can easily spot the gap and decide how to handle it:
Activate Forecast Comparison: On the Cashflow balance page, click on Options (top right corner) and activate Show comparison with forecast.
Look for the Orange Tag: An orange percentage indicates a gap between your actuals and forecast.
Transferring Gap to Forecast
Once you've identified a gap, you can transfer the unreached amount to the current or future period:
Click the Clock Icon (⏱️): This transfers the Gap to forecast to the ongoing period.
Automatic Adjustments:
The forecast values for both the past and current periods are adjusted accordingly.
Percentages are updated to reflect the new values.
Forecast Notes:
A note is automatically added to both periods to record this action.
Example note: “€30,000 + €5,000 (Gap to forecast transferred from Mar 22)”
Note: The forecast note is not dynamically updated if you edit the forecast afterward. Consider it a simple record of the action taken.
💡 Tips
Utilize Scenarios for Better Tracking:
Running Business Scenario: Use this for tracking unreached forecasts, adjusting predictions, and following the most probable outcomes.
Initial Scenario: Keep this for comparing actuals with your initial annual budget.
FAQ ❓
Why doesn't Agicap leave the last offset's forecast untouched?
Leaving the last offset's forecast unchanged could lead to several issues:
Double Counting: The same forecasted amount might be counted multiple times in your yearly total.
Misleading Performance Analysis: It could appear that there's a significant gap between actuals and forecasts when, in reality, deadlines were simply postponed.
Difficulty in Tracking: Identifying which values have been rolled over versus those needing action becomes challenging.