Projected Cashflow Seems Off
StrongArmmed
Member ✭
Good afternoon...I'm relatively new to Simplifi and I love the features.
I do have some confusion around the projected cash-flow graph. The projected cash-flow chart shows that I had a negative cash-flow coming into my most recent pay period, despite my real-world balance never dipping into the red (thank God). As a result, the projection shows me perilously close to zero as I approach my next pay while my expenses aren't high enough to cause that to occur. I'm confused as to why this would display as such. Am I doing something wrong or do I have a fundamental misunderstanding of what that graph should be telling me?
I do have some confusion around the projected cash-flow graph. The projected cash-flow chart shows that I had a negative cash-flow coming into my most recent pay period, despite my real-world balance never dipping into the red (thank God). As a result, the projection shows me perilously close to zero as I approach my next pay while my expenses aren't high enough to cause that to occur. I'm confused as to why this would display as such. Am I doing something wrong or do I have a fundamental misunderstanding of what that graph should be telling me?
Tagged:
0
Best Answer
-
Hello @StrongArmmed,
Thanks for posting to the Community, and welcome to Simplifi!
The Projected Cash Flow graph uses upcoming Reminders/transactions to make its projections -- these can be Bill, Subscription, or Income Reminders, and they can also be expected Refunds and future-dated transactions.
We have a Support Article available here that goes over the Projected Cash Flow feature of Simplifi that I'd definitely suggest taking a look at. We also have a "Cash Flow" tab available from the Upcoming page, with more details on this feature available here.
I hope this helps, but please let us know if you have any questions!
-Coach Natalie1
Answers
-
Hello Natalie!
Thanks so much for your answer! I now understand the role of the cash flow projection graph. Your explanation helped to explain its function tracking planned and/or recurring expenses. I wonder if there's a way to improve its utility even more without getting into reconciliation (which is something that I've read is not a goal of Simplifi). Anyway, thanks again for the clarification! Much appreciated!1 -
My pleasure, @StrongArmmed!
We have a couple of Idea posts requesting that other aspects of Simplifi be included in the Projected Cash Flow that you may be interested in checking out and adding your vote and feedback to.
https://community.simplifimoney.com/discussion/1651/ability-to-add-planned-spending-categories-to-our-cash-flow#latest
https://community.simplifimoney.com/discussion/1380/savings-goal-contributions-should-reflect-on-projected-cash-flow-graph#latest
Let us know if you have any additional questions or feedback on using Projected Cash Flow in Simplifi!
-Coach Natalie0
This discussion has been closed.