Every business aims to gain insights into its financial future. The ability to predict and plan for incoming revenue is crucial for making informed decisions, allocating resources, and maintaining healthy financial stability. This is where the Payments Forecast Report comes into play, providing you with a window into your financial horizon.
The Payments Forecast report leverages your business's historical payment data and project/payment policies in signed contracts to create a projection of future payments. This feature is particularly beneficial if you're looking to anticipate your cash inflow and outflow accurately.
Goodshuffle Pro Account Owners and Admin users can find this by navigating to the Finances Overview tab. All other users will not have access to view this report.
Key Features of the Payments Forecast:
Customizable Filters: Use Payments Forecast filters to further analyze your data by Sales Lead and Sales Location adding extra granularity to your projections which cater to your specific business needs and strategies.
Detailed Breakdown: The report's tooltips provide a breakdown of four key amounts: Prior Period, Paid, Authorized, and Upcoming. This breakdown clarifies the different stages of payments and provides a better understanding of your financial flow.