Balance Forecasting for iPhone - Forecast your Bank Account Balance

in Finance (E)

[] Norwalk, Connecticut - Independent iPhone developer Robert Chitoiu today is pleased to announce the release of Balance Forecasting 2.2 for iPhone and iPod touch devices. Balance Forecasting helps the user be more organized when it comes knowing how much money will be in their account on any given day in the future. At the same time, it provides a simple and streamlined user interface for accomplishing this task.

* Easy to use interface - Enter one of four item types: repeating bill, repeating income, one time bill and one time income. Easy to use interface to facilitate fast creation of items.

* Forecast your balance up to one year in the future - The application takes the information you entered and provides lists sorted by date. Here you can see how much money you have left on any given day in the future. Make sure you update the balance first at the top of the list to get an accurate figure! To customize how many months in the future you want to see, go to the Options and change the end date.

* Create exceptions for irregular items - If one of your bills is due for a different amount on a given month, just tap on the row in the Forecasting view and change the amount. The forecast will then be recomputed and the exception will be remembered for future use.

If you would like to postpone a given item too, you can tap on the given row and choose "Set Date". If when creating an exception, your balance will hit zero at any date in the future, the program will notify you by showing the given date. To enable this feature, please go to the System Settings and set the slider to On.

* Searching and filtering - Search and filter your forecast items based on date, name, amount and balance by tapping the search bar. For example, to only see the items with the work "bank" in them, search for "n = bank". You can also mix and match. To only show items named "utilities" after March 27th including, you can do "N = utilities D >=0327".

The codes are (you can do either lowercase or uppercase, it does not matter): N - name, D - date, A - amount, B - balance. You can also create exceptions while you are in search mode. Simply tap the given row and set a new amount or date. Hit cancel to return to the regular forecast view.

* Calendar view - Display your forecast data in a nice calendar, which is essentially identical to the one in the Calendar application. Unfortunately, you will not be able to create exceptions from inside the calendar view. Nor will you be able to update the balance. But you will see the forecast balance for a given day when you have bills or income right inside the calendar.

* Auto-updating balance - This feature, when turned on in the System Settings, allows your balance to be automatically be set when you open up the program to a value, which the program may think is correct. For example, let's say your balance today is $100 (today being 02/01). On 02/03 you have a bill for $40 coming up. If you then open the program on 02/04, the program will update the balance to $60.

Of course, this assumes that no other charges have been incurred on your account besides those $40. Essentially, the program will use a forecast figure to update the balance when you open up the application. But if you manually set the balance, it will use that figure later on, unless a bill is due after the day you updated the balance. If you don't trust this feature meddling with your numbers, or your account fluctuates too much, feel free to just disable this feature.

* Support for users with color deficiencies - If you have a color deficiency, please head over to the System Settings, look for the Forecasting application and flip the switch. In the same place, you can set the percent of green color. The more left you set the slider, the darker the green for positive balances.

Device Requirements:
* iPhone and iPod touch
* Requires iPhone OS 3.1.2 or later
* 0.1 MB

Pricing and Availability:
Balance Forecasting 2.2 is only $0.99 (USD) and available exclusively through the App Store in the Finance category.

Located in Norwalk, independent software developer Robert Chitoiu works at a financial company in Connecticut. Copyright (C) 2010 Robert Chitoiu. All Rights Reserved. Apple, the Apple logo, iPhone and iPod are registered trademarks of Apple Inc. in the U.S. and/or other countries.


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