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You can improve the accuracy of your FarPlanner plan by importing actual financial information from your spending and credit accounts. You first export each account’s transaction files from your banking or budgeting applications (e.g., Quicken or Mint). Then, import each exported account file into your FarPlanner plan. Importing actuals provides these benefits to your financial plan:
- Improve FarPlanner’s forecast accuracy: Automatically identifies your actual recurring income (e.g., your paycheck) and expense (e.g., your cable bill) transactions. FarPlanner then projects these amounts and flows into your financial forecasts
- Better understand your forecast cash flow: You can assign categories to these recurring transactions (beyond a single ‘misc’ category), allowing you to better separate and analyze your cash flow into the future
- Match your actuals to planned cash flows: You build up your FarPlanner plan using ‘trackers’. Trackers mimic and forecast financial aspects like account balances or mortgage payments. You can match trackers to your imported actual information. Your trackers can then forecast expenses and income based on actual trends in your cash flows. This improves your plan’s forecasts.
Download FarPlanner for free today. Build your own private and discrete FarPlanner plan. Gain insights of what your financial tomorrow might look like, decades into the future.