2. Click New to create a line for a liquidity account.
3. In the Main account field, select a ledger account that is a cash or cash-equivalent account then close the form
5. On the Setup tab, in the Settle account field, select the account to use as the liquidity ledger account for Vendor payments then close the form
6. Click General ledger > Setup > Chart of accounts > Chart of accounts.
7. Select a chart of accounts. Select the Accounts Payable summary account and then click Edit on the Main accounts tab.
8. Select Companies in the Select the level of main account to display field and select a legal entity. On the Setup tab, click Cash flow forecast.
11. In the Main account field, select the cash account to which the sales account is linked for the cash flow forecast.
14. Create a purchase order of 7,000 for a vendor whose Terms of payment field value is the same as in step 10
18. Click General ledger > Common > Main accounts.
19. Select the cash account that you selected in step 11 then On the Action Pane, in the related information group, click Cash flow forecasts.
Note: if you create new Purchase orders the system will create a new record for each Purchase order. So if you need to know the Cash out for a specific date you need to filter the data in the Cash flow forecasts form then do manual summation.
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A cash flow forecast is a financial tool used by businesses and individuals to project their expected cash inflows and outflows over a specified period, typically for a month, quarter, or year. This forecast helps in managing cash resources, making informed financial decisions, and ensuring that there is enough cash on hand to cover expenses and meet financial goals. Moolamore is an advanced accounting application that analyzes, manages, and projects real-time transaction data. Using our cash flow forecasting software and app, you can forecast and estimate your company's future financial position.
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