Step 6: Test out a different scenario

For a lot of businesses sales forecasting can be quite unpredictable. As a result you might want to create a few different situations to cover all bases when planning for the future. To help with this you can create multiple scenarios in Float, a common model is to have a pessimistic, expected and optimistic. Let's set one up now.

  • Above the bank account panel you'll see a scenario dropdown, give it a click
  • Click 'Add Scenario Layer'
  • Name your scenario 'Optimistic Sales', choose a colour and hit 'Add scenario layer'
  • You'll now see that the figures from the other scenario are still showing, so these are safe. What you're now going to do is enter some budget figures on the new layer.
  • Any budgets that you add into a scenario will 'stack' on top of the base budgets and add to these. So if you were to click into a revenue account and wanted to forecast for higher sales you could enter a new budget that would then add to the existing budget
  • The budgets entered in the scenario will leave the base budgets untouched and will only display in the scenario layer
  • Back in the main cash flow you'll now see that the graph has 2 lines, one reflecting your original budget and one reflecting the new optimistic budget so it's easy to see the effect the change has had

If you fancy giving this a more in-depth test go ahead and start entering more budget figures. You'll see that all budget figures entered on the new scenario are shaded with the scenario colour so it's easy to pick these out.

That's the basics! Still feeling a little unsure of anything? Feel free to fire us a message and we'll be happy to help :)

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