To help our users to better understand how does Mobills works, it's important to know how some values are calculated and how that it's displayed on this tool.
The 'Current Balance' or 'Total Amount' it's represented value that you should have in your accounts right now. You can find this values at Mobills dashboard or access the 'Accounts' menu.
This value is obtained by the following formula:
Current Balance = Opening Balance + (Realized Incomes – Realized Expenses)
The 'Predicted Balance' it's an according to the value to your registered transactions, representing what you should have at the end of the coming months. There are a several parts that you can find it on Mobills.
Some examples of where you will find this value are:
- Advancing into the following months at the dashboard of iOS Mobills:
- In 'Accounts' advancing into the following months;
- In 'Transactions' ('Extract' at Web Mobills) advancing into the following months;
The Predicted Balance it's a result of this following formula:
Predicted Balance = Current Balance + (Outstanding Incomes – Outstanding Expenses)
Attention: If you have outstanding transactions in the prior months into the current date or some paid transactions on following months into the current date the Predicted Balance will display this information too.
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