Float is a tool that allows you to see your forecasted cash flow within your business. This online cash management tool smoothly integrates with 3 different accounting software’s; Xero, QuickBooks Online and FreeAgent.
‘But I already have a spreadsheet that I see my cashflow on’ I hear you say – this is where Float will completely change your cash flow data experience.
The significant difference of using Float, compared to your normal PNL or balance spreadsheet, is that Float is cleverly designed to link with your accounting software and imports all your individual invoices, bills and balances to automatically create a forecast. This makes your data so much more accurate and it also captures a ‘real time’ cash flow as it shows movement in your funds when you spend and receive money straight away.
Not only does only allow you to avoid the tedious task, which is susceptible to human error, of inputting all that data into a spreadsheet, but it also allows you to create ‘potential situations’ with your information. Float can create a report to see how certain decisions (i.e. budget cuts, taking on a new employee or going on that all-expenses-paid vacation) may affect your business in the next few months.
The forecast that Float creates is so easy to navigate, you even can color code your predictions – allowing you to see them compared to your normal day-to-day flow on an easy-to-view visual level. Reviewing your cash flow has never been so easy!
Want to view a certain invoice and see how this not being paid will affect your business without making permanent changes to your actual invoice? A great feature using Float is that any data you do change will only occur in Float and not edit any data in your accounting software.
Our top 5 ‘Float’ benefits;
- Shows you REAL TIME cash movement.
- Automatically synchronizes with your accounting software every 24 hours (or you can update at any time by hitting the refresh button)
- Super easy to edit, change and navigate once set up.
- Collates all your data in one place to make future cash predictions based on your businesses previous cash flow.
- Aesthetically pleasing – gone are the days of looking at confusing spreadsheets to see where your cash is going, Floats reports give a great graph visual for you to understand the effect of any potential future changes in cash flow.
Like what you’ve read? Want to see where your cash goes? Well, Float are currently offering a FREE 14-day trial! Sign up now at https://float.grsm.io/AmandaMungal