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How to review the forecast for my savings account?
How to review the forecast for my savings account?

Learn how to use "Forecast" mode in reports to peek into the future!

Iliya Yordanov avatar
Written by Iliya Yordanov
Updated over a week ago

If you have set up your Scheduled transactions to reflect your regular cash flow transactions (salaries, bills, transfers to saving account), you can use reports to see how your balance would look like in the future. Let's see it with a savings account example!

This guide assumes that you have already set up a scheduled transaction to reflect a transfer from your checking account to your savings account.

To begin, go to Reports section and generate Account Balance Over Time report from the Accounts group. In the window that opens, select Forecast tab to be able to look into the future. Make sure to select your saving(s) account only - we'll cover why in a moment.

Once the report is generated, you'll see a visual representation on top, showing you how much your savings account will grow. Using your mouse, you can check what the exact balance will be on any given day.

If you have generated the report for multiple savings accounts, use the + button in the bottom-left of the chart to combine all accounts into one line and see combined balance. That's why it was important to select savings account only - it would potentially make the results less meaningful if you were to select checking accounts as well.

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