Cashflow Forecast - Not including regular Journal Entries

RoscoPC · ‎April 17, 2021

One of my clients uses factoring and invoice discounting. All their invoices are marked paid and paid from a Due from Factor account. Advances for the invoices are taken by recurring Journal debiting the Due from Factor account and crediting the Bank Account. There is around 10% of the invoice value left in the factoring account until the client pays the factoring company for the invoice and the final 10% is released. It just gets transferred by BACS in the normal course of drawings against invoices.

It appears that the cashflow forecast does not take into account any of the credits from the Journals at all, even though there are regular payments each week into the bank account.

The Cashflow forecasting doesn't work for my major client at all.

Can you clarify how the Cashflow forecast can be set to take account for the credits by Journal? Or whether this can be suggested to the development team?

RoscoPC

Ryan_M · ‎April 18, 2021

Hi @RoscoPC,

What you said is right. The Cashflow Planner chart doesn't include journal entries at this time.

Other than that, it also doesn't include these:

Credit card transactions
Transactions in QuickBooks Online (QBO) that were entered by hand
Multicurrency transactions

See this article for additional information about this feature: How QuickBooks calculates your cash flow.

I suggest you submit feedback to our product developers if you need this specific feature to include journal entries in calculating cash flows.

Here's how:

Go to the Gear icon.
Select Feedback.

Be as detailed as you'd like, so our product developers will know what it is exactly that you need.

I'll share this article with you as well: Use the Cash Flow planner to predict future income and expenses. It's a detailed guide on how you can set up and use this feature on a QBO company.

Post a reply in the comments below if you have other questions about the Cash Flow planner in QBO. I'll get back to you as soon as I can.

View solution in original post

Ryan_M · ‎April 18, 2021

Hi @RoscoPC,

What you said is right. The Cashflow Planner chart doesn't include journal entries at this time.

Other than that, it also doesn't include these:

Credit card transactions
Transactions in QuickBooks Online (QBO) that were entered by hand
Multicurrency transactions

See this article for additional information about this feature: How QuickBooks calculates your cash flow.

I suggest you submit feedback to our product developers if you need this specific feature to include journal entries in calculating cash flows.

Here's how:

Go to the Gear icon.
Select Feedback.

Be as detailed as you'd like, so our product developers will know what it is exactly that you need.

I'll share this article with you as well: Use the Cash Flow planner to predict future income and expenses. It's a detailed guide on how you can set up and use this feature on a QBO company.

Post a reply in the comments below if you have other questions about the Cash Flow planner in QBO. I'll get back to you as soon as I can.

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