Hello,
I would like to do financial projection / planning. For example, I have client work due or incoming in 30-90 day periods and I would like to see how I have to adjust my finance flow accordingly compared to the actuals.
What tools are in this system for that?
Comments
Hi Calayde,
Unfortunately, 22seven does not have these features. We aggregate account information from your online banking profiles. We do not currently offer any features that will give you the accuracy and depth you are looking for.
More information about how the service works and what it actually does can be found in this article from our blog - https://blog.22seven.com/2018/03/security-privacy-and-your-peace-of-mind/
Hi there
I would like to "me too" this article. The 22seven app is fantastic and seems to be getting better and better, however being able to forecast an annual type budget would be of great value.
Example 1 - if I need to know within a Tax year just how much I need to be contributing to an RA to maximize my tax benefit according to my income (which fluctuates month on month), I would need to know based on upcoming Income/Expenses budget just what this amount is looking like so I can plan for it - this could become a "nudge" from 22seven, prompting a user to invest more into their respective RA's?
Example 2 - Being able to plan for "once off" annual payment that happen year on year would be hugely beneficial (Eg. To pay School fees upfront you can get great discounts; Vehicle registrations; Home owners insurance; Car routine services; Tax consultant fees; ), so you need to be able to save for it so when the time comes you have the money to be able to get this kind of benefit?).
Perhaps the Goals function could help in this regard?
Regards
Warren
Hi Warren,
As Adam previously stated, we do not currently offer any features that will give you the accuracy financial projection you may be looking for.
However, our new feature Goals will allow you to help shape your financial future in the easiest and simplest way possible. Not only will our Goals feature help keep your savings and investments in safe 'envelopes', it will also help you decide which savings or investment account you should keep your money in.
You can find more info on this here: https://conversations.22seven.com/hc/en-us/community/posts/360002233228-Get-going-with-Goals
HI
Thanks, i guess by setting smaller goals liked to an account you could indirectly plan for annual type expenses. I will definitely use this new function once its up and running.., I would like to see if there is any link between Goals and Budget function, which is difficult to test on the Beta version..
Hi Warren,
You are correct, Goals will definitely assist with planning of annual expenses.
We are very excited to get Goals up and running because there are so many helpful features that'll help you manage your money better and reach your financial goals!
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