Money Foresight Extensions

Daniel Ross's Avatar

Daniel Ross

22 Nov, 2021 08:17 PM

The Money Foresight Forecast Future Period is Grayed Out
The Money Foresight Review Review Period is Grayed Out
Checked for updates and none are available
How do I make these function?

Thank you

  1. Support Staff 1 Posted by Maddy on 24 Nov, 2021 09:41 AM

    Maddy's Avatar

    Hi Daniel,
    Thank you for contacting Moneydance support.

    Foresight uses your configured transaction reminders to figure out your future spending and to review your past spending.
    Transaction reminders are similar to budget items, only more specific in that they specify an account and have more flexible scheduling possibilities. Transaction reminders can also be entered automatically into the account register at the right time.

    To really get the most out of Foresight, you should create transaction reminders for everything you expect to be coming in, going out or moving between accounts. Everything. Even if its a one-off transaction. Even if it varies a little in frequency or amount. The closer your transaction reminders represent the reality of your transactions the more accurate Foresight’s predictions will be.

    With your transaction reminders set up, you will be able to see how much money you’ll have in the future. In Moneydance, select the `Tools -> Foresight Forecast menu. The first time you open it you should see it generates a forecast for all your bank accounts and credit cards. You can adjust the settings to suit.

    Your forecast is only reliable if your reminders are in line with your actual spending. If you’re new to Moneydance you won’t have much transaction history to track but keep an eye on it over time to make sure your forecast is trustworthy.

    Finally, it might be useful referring you to this article of the Knowledge base including the main steps for Getting Started with Foresight.

    I hope this information is helpful. Please let us know if you have further questions or need more assistance.

    --
    Maddy, Infinite Kind Support

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