One of the first steps in forecasting in Helm is to understand Recurring Entries. These are forecasting rules that are automatically created by Helm to help you save time and effort.
If a receipt (i.e. sales) or payment (i.e. expense) occurs consistently and frequently in your accounting system, you likely will see Helm create a Recurring Forecast for you.
As with everything in our system, you can change the Recurring Forecasts Helm creates, including:
- The frequency or recurrence of the invoice (in days).
- The expected ADR or ADP of the invoice (also in days).
- The amount (obviously not in days).
The next forecasting item to learn more about is Account Estimates. You can do this in Step Six.