Wave + Cash Flow Forecasting: Complete Workflow
Preparing for cash flow forecasting and using Wave? Cash flow forecasting requires analysing historical bank transactions to predict future income and expenditure patterns. PDF statements can't be analysed programmatically. BankScan AI bridges the gap between your bank's PDF statements and Wave's import feature.
BankScan AI → Wave for Cash Flow Forecasting
Convert bank statement PDFs to CSV formatted for Wave import. Convert months of bank statements to Excel and use pivot tables, charts, and formulas to build accurate cash flow forecasts from real transaction data.
How It Works
Upload your bank statement PDF
Supports all major banks. Upload 6-12 months of historical data to establish reliable patterns for forecasting 3-12 months ahead of statements.
AI formats for Wave
Output as CSV with Date, Description, Amount — Wave supports both single amount column and separate Income/Expense columns — dates in YYYY-MM-DD or MM/DD/YYYY.
Import and use for cash flow forecasting
Upload into Wave and use the reconciled data for cash flow forecasting.
Supported Banks
BankScan AI works with all major UK and US banks, including:
Wave + Cash Flow Forecasting Features
- Wave ready — Output formatted as CSV matching Wave's expected column structure
- Smart integration — Wave's invoicing is tightly coupled with bank imports — when you import a bank deposit, Wave suggests matching it to outstanding invoices automatically.
- Built for Cash Flow Forecasting — Convert months of bank statements to Excel and use pivot tables, charts, and formulas to build accurate cash flow forecasts from real transaction data.
Import for Cash Flow Forecasting into Wave
After converting your bank statements for cash flow forecasting:
- In Wave, go to Banking > Connected Accounts > Upload a bank statement (CSV)
- Select the file, map columns to Date, Description, and Amount, then import
Common Import Issues
Wave's free tier has occasional processing delays on large files. Also, Wave uses MM/DD/YYYY by default which conflicts with UK DD/MM/YYYY — select the correct format during import.
Wave Import for Cash Flow Forecasting
Cash flow forecasts should be updated monthly at minimum; businesses approaching cash crunches may need weekly rolling forecasts to manage survival
Convert for Wave + Cash Flow Forecasting