With our new Forecast Confidence indicator you can now have greater certainty that the figures you're seeing in your cash flow are accurate.
The score is calculated by looking at base budgets, unpaid invoices/bills and active/proposed projects over the next six months and is split into bands:
Things that you can do to improve your score:
Make sure you have set budgets for everything that you are aware of, so Float can include these amounts in the calculation.
Add new dates for any Invoices or bills that show as overdue
Where possible fully reconcile your accounting software to ensure all actuals are up to date
We factor in historical actuals, so if your future forecast looks vastly different from previous months, then you may see a lower score as a result.
However your score should update over time as future forecast months become reality.
If you are seeing a low score, yet are confident in your future forecast, then please do let us know. This helps us to see how we could improve the score in future.
NB - Currently, this works best for businesses with relatively consistent income and costs