One of the most requested features for SilverWiz has been to show financial forecast, based on the current balance and scheduled transactions. So, we did it, and I’ve decided to preview it here and get some feedback before we release the update. You can see how it looks, from the screenshot, but let me explain how it works.
Once you setup your accounts and scheduled transactions, you can navigate to any date in the future, using the build in calendar in SilverWiz. Tap on the date of interest (it must be in the future) and hold your finger for a second. A view will appear, that shows a forecast/projection for all the accounts, and after this- account by account. Basically, you will see the expected balance for the desired date, and the amount of incomes & expenses by then.
The calculations are:
Your current balance (as of now) + scheduled incomes – scheduled expenses +/- scheduled transfers.
Scheduled transfers are considered an expense for the “sending” account, and income for the “receiving” account. It’s as simple as that- just tap and hold for a second, and voila!
P.S. The combined projection for all accounts is calculated in your local currency (as set in Settings -> Currencies)
So, what do you think?