Creating cash forecasting

Cash forecasting is a tool that can be used to forecast the inflow and outflow of cash within the organization:

• Inflows sources: General Ledger, Sales, Order Management, Receivables, Treasury, Projects, and External Sources

• Outflows sources: General Ledger, Purchases, Payables, Payroll, Projects, Treasury, and External Sources

This can help the organization to plan liquidity requirements, and plan adequately. In this recipe, we will look at how to run cash forecast.

Getting ready

A cash forecast template is required. Let's look at a six month forecast template:

1. 1. Select the Cash Management responsibility.

2. 2. Navigate to Cash Forecasting.

3. 3. Select the Forecast Templates tab.

4. 4. In the Template Name field, enter Six Month Forecast VisionOps.

5. 5. Click on the Go button.

6. 6. The Forecast Template is displayed, click on the Six Month Forecast VisionOps link.

7. 7. The forecast is by GL Periods and Overdue transactions are excluded.

8. 8. The row definitions are displayed, and...