Predict’s world-first 5-way forecasting approach will predict a business more accurately that a human can.
The market leading, all-in-one forecasting and reporting suite with live updating dashboards and templates
The first predictions are for activity: what you're buying or selling, when, for how much. This is always net of sales tax, just like your Profit & Loss report. You use the activity view to check your sales and spend trends.
Selling something doesn't mean you've got paid for it yet. The cash view tells you when the activity will be paid. This is what hits your bank account and balance sheet. Predict is analysing every customer's average payment days and every payment you've made to create a live average payment days for every account. Great as an early warning system.
Every customer's average payment days are calculated and aggregated into an average payment days figure for every account.
If one customer pays in 45 days over the last few invoices and another in 90 days, Predict will make the predicted invoice activity hit your bank account in 67.5 days. This way, you're not relying on credit terms for predicted cash flow and can get a warning on accounts that are causing credit control issues.
They hit your bank or balance sheet on the same day that they happen. Just like they should.
Predict is doing the same as the customer payments by analysing when you're paying your bills. It's changing and updating on every sync with the new information from your accounting software.