This article explains how to manually enter Balance Sheet projections in Magnifi. You can use projections to plan for items such as asset purchases, loan repayments, or income tax payments.
Refer to this guide when you want to:
Add manual line items into your Balance Sheet projection.
Record future transactions such as new assets, finance arrangements, or income tax payments.
Go to Cashflow → Balance Sheet.
Click Add Projection (or use the green paper icon next to the account).
Complete the details:
Description – give the projection a clear label (e.g., New Machine, Loan Repayment).
Account – select the Balance Sheet account where the projection should sit (e.g., Plant & Equipment).
Other side of entry – select the corresponding Balance Sheet account so the transaction balances.
Example: if buying via cash, choose the bank account; if buying via finance, choose a loan or hire purchase liability.
Cashflow classification – if the other side is a bank account, select how it should be classified in the Cashflow forecast:
Operating Account
Non-Operating Account
Income Tax
Dividend
A new row will appear under the selected Balance Sheet account with your description in green.
Enter the projected value by:
Typing a value directly into a cell.
Double-clicking to copy the value across future months.
Note: You cannot enter a % of another account. This applies only to Profit and Loss accounts.
You do not need to enter the offsetting side of the projection. Magnifi automatically creates this as a read-only entry in the linked account.
Example: if you add a projection for Manager Vehicle under Motor Vehicles, the corresponding entry will automatically appear under the linked account (e.g., Hire Purchase Liability).
To edit a projection, double-click the description (shown in green).
To delete a projection, click the bin icon next to the description.
Accounts with projections appear in bold. You can also select Show Projections Only to filter the view.
Enter positive values for increases in assets, liabilities, or equity.
Enter negative values for decreases in these accounts.
If the Balance Sheet account is flagged as a GST account under the Chart of Accounts, Magnifi will automatically calculate the GST on your projection.
The GST entries will appear as additional rows under the relevant accounts, with offsetting entries against the GST account.
Every projection you enter in the Balance Sheet that is linked to a cash account will also appear in the Cashflow forecast.
You can edit the value directly in the Cashflow forecast if required, but you cannot create projections for new accounts in the Cashflow forecast.
Compliance accounts such as GST and PAYGW are calculated automatically based on account flags and payment terms. For more detail on how compliance accounts are managed, see [Balance Sheet – Compliance Accounts].
For worked examples such as asset purchases, loan repayments, income tax entries, dividends, drawings, or ATO arrangements, see [Balance Sheet – Projection Examples].