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Float is a cash management tool. It integrates with many accounting systems. These include Xero, QuickBooks Online and FreeAgent. The tool is user-friendly and gives you an accurate real-time view of your incoming and outgoing cash. You can also get projections for up to years in the future. This gives you insight on your business decisions.
You can have budgets and follow your performance. You can implement a long-term or short-term cash flow. You can easily view monthly, weekly or even daily view of your cash flow. You can get really specific on in and outgoing cash.
Another great thing is with Float you get live data that comes from your accounting program already on its own. This makes your forecasting way more accurate.
Some Float Features:
Exporting and reporting
Sync up your accounting software
Detailed drill down
1. Save time by updating automatically.
Manual forecasting can be complicated because you have to update spreadsheets. This can take approximately 8 hours a month. You are wasting time that could be spent on your business. Float obtains your data every 24 hours automatically. You have up to date forecasts and you can see where your cash flow is going currently.
2. Easy to use with your team.
You can collaborate by giving access to your team as well. Different team members can input their projections and add their own notes. You can have advisors, stakeholders, and staff access your information.
Additionally, you can join forces to find opportunities to change things up as well.
In this way having the multi-user function, you only get one accurate forecast rather than many different ones.
You can even export your Float data. You can put it right into a PDF which makes things easy.
3. Trust the accuracy of the data.
Your business is your livelihood so accurate data is very important. Seeing what is going to be happening in the coming days and weeks gives you more control and also flexibility. This information comes from your accounting software directly whether it is FreeAgent, Xero, or Quickbooks Online, so it is always accurate.
4. Plan the future of your business.
You’ll have way more confidence in making important business decisions with Float. It takes away the painstaking data entry. No more updating that crazy spreadsheet, and more time to work on what matters.
5. Simply click a button to manage bills.
Sometimes in business, a customer might not pay when they said they would. If you have to delay a payment because of this, Float can help you with this also. You need an adaptable tool to view your cash flow.
6. View shortage and surplus well before they happen.
You can now plan for the slow months with an accurate look at your finances. Float will let you know when you need to reinvest into your business and see things a spreadsheet would not.
Float is a great business tool, for both here in the present, and in the future. It gives you an insight that you can’t get anywhere else.
There is a 14-day free trial.