Ever wondered how to start a digital agency? Travelling the world and working with top-class creatives are just two of the reasons Andrew Dobbie loves agency life. From his early days as a freelance designer to founding Glasgow-based creative brand agency MadeBrave, Andrew has shared some brilliant insights with us on how to grow a […]
To help your business grow, it’s essential you understand your cash runway. But what is? And why is it so important? Read on to find out…
For over 10 years, thousands of small businesses have been using Float to help them make their biggest business decisions. But why do they use it? And what exactly do they use it for? This video shows you why small businesses use Float and how it could benefit your business too. What is Float? Float […]
If you’ve got plans for your business, you’re going to need cash to make them happen. Dreaming big and running out of money isn’t a situation a small business wants to find itself in, which is why cash flow is critical to sustaining and growing a business. Time for some hard facts: it’s known that […]
Running a seasonal business can mean dealing with the peaks and troughs of fluctuating cash flow. However, additional insight into your financial systems can give you the control and foresight you need to properly plan for times of drought, and times of excess. Know your peak and off-seasons Xero’s research into small businesses found that […]
Chris Davies, the owner of Toronto-based creative agency Dog and Pony Studios, started using Float in 2013 and now describes it as an invisible member of the team. How did Float become such an integral part of the business? Dog and Pony Studios were successful: offices opened in Rio de Janeiro and Barcelona, new clients […]
Cost reports can be fun. Everyone likes to see the profits their hard work is bringing in, or plan where to allocate future funds for company growth. The optimism and promise of a new report – whether it’s monthly, annually, or yearly – is very exciting, and it’s a strong indication of your company’s current […]
Most business owners will know the term ‘cash runway’—it’s basically how long your business can stay afloat without needing more cash. We recently spoke with some business owners who often refer to their cash runway as their ‘death date’ or ‘drop-dead rate.’ While this may sound scary and off-putting, identifying means you can take proactive […]
How does the Making Tax Digital (MTD) for VAT legislation affect you? Definition of VAT: VAT is an acronym for Value Added Tax. It’s a tax that’s applied to the price of goods, services and other taxable supplies that are bought and sold within the UK. Do I need to be VAT registered? In the UK, […]
Are you setting New Year’s resolutions? No, we’re not talking about hitting the gym or eating less takeaway food. We mean setting business goals and objectives. Coming into the new year, it’s the perfect time to set some goals – both realistic and aspirational – for your business to work towards. Why set business goals? […]
Most start-ups need to seek funding at some point – and many have to do it more than once. It can be a long and daunting process, but we’re here with everything you need to know when preparing for a round of funding to grow your business. We’ve written this article with businesses at the […]
Ewan Ogilvie is no stranger to hard work. From his workshop in Fenton Barns – a tiny hamlet in East Lothian, Scotland – Ewan crafts bespoke furniture for businesses and private clients looking for something unique, original and beautifully made. “I was approaching 40 and I had always wanted to set up my own business,” […]
If you run a small business, you’ve likely heard of QuickBooks Online, the smart accounting software that helps you keep on top of everything from taxes to payroll. But if you’re new to QuickBooks (or perhaps you’ve switched from QuickBooks desktop version), you might be wondering just how to use it. Don’t worry – we’ve […]
To help your business grow, it’s essential you understand your cash runway. But what is? And why is it so important? Read on to find out…
Starting a new business is an exciting time. It’s also an extremely busy time, when you have to make important decisions under pressure – decisions that could impact the future success of your start-up business. Understanding your business’s cash flow is essential to guiding your decision-making. There are three important questions we believe every start-up […]
Australian accounting blogs come in a range of shapes and sizes and cover a huge variety of different topics. From small business advice to detailed updates on legislation changes, there’s something for everyone. Here we round up some of our favourite Aussie accountancy bloggers, who are keeping Australia up to date on all kinds of […]
Overspending can cause serious problems for a small business. Too much cash going out and not enough cash coming in can spell disaster for a business’s cash flow. And, in the current climate, keeping tabs on overspending in your company has become more important than ever. Because no one quite knows what’s around the corner… […]
Being a small business owner can be a tricky business, and unless your company is swimming in free cash, you might need to find ways to boost your cash flow. Does it seem like there’s always money going out of your business before there’s money coming in? If that sounds familiar, you’re going to need […]
How much thought have you given to short term or long term cash flow forecasting recently? Most business owners know they should have a cash flow projection. But with the pressures of getting a business back up and running as lockdowns ease, prioritising cash flow is easier said than done. However, with Xero recently reporting […]
If you’d walked into Ria-Jaine Lincoln’s home several years ago, you would have found yourself surrounded by tin cans. Tin cans on every windowsill. Inside the cans were pound coins – these were the kind of tin cans with a hole in the top which you could put money into, but could only take back […]
Most business owners know they should be budgeting and forecasting as part of the financial plan for their company. However, short term priorities and the day-to-day pressures of running a business can often distract from this important task. We’re here to help, so read on to learn the five most important steps to successful budgeting […]
We’re thrilled to be able to offer our new and existing users the ability to sign into Float using Xero’s single sign-on feature! Announced at Xerocon Brisbane 2019 by GM of the Xero Ecosystem, Nick Houldsworth, this new streamlined way to connect your Xero account to Float will save you time whilst keeping still keeping […]
Back in 2019, on the first day of Xerocon Brisbane, Chief Product & Partner Officer and all-round Xero rockstar, Anna Curzon, announced the arrival of Xero’s new cash flow pilot. Now, Business Snapshot has officially launched and offers Xero users “a dashboard-style report displaying performance measures to help you understand your organisation’s financial position”. This […]
Scenario planning is a huge part of business planning. Understanding the cash impact of different decisions is vital to making sure that your plans work out and that you achieve your goals. On the flip side, building scenarios for what could happen if you lose a client or get paid late will help you make […]
Here at Float, we’re constantly working to improve our product and to help you to get the most out of the platform. We know that businesses don’t often pay or receive an invoice or bill in one, full payment. And that’s why we’ve introduced a new functionality to Float. Introducing: Splitting Invoices/Bills! Our newest […]
At Float, we know how important it is for your clients to be in a good cash position. So we spoke to some of our partners and found out more about how you work with your clients, what information is most important to you, and what you’d like to see in Float to help […]
Deciding how to build app advisory into your services can be a real struggle. Finding a price point and format that works for both you and your clients involves striking a delicate balance. We’ve spoken with our partner accounting and bookkeeping firms, and these are ways our current partners are charging for Float: 1. Include […]
We have searched high and low for the best Xero add ons on the Xero marketplace, so that you don’t have to. These add ons are available for any type of business, with solutions from time-tracking software to cash flow forecasting. With more than 700 (and counting!) Xero add ons available for businesses and their […]
The internet is full of advice for small business owners on what to do when facing a cash shortage. But there’s very little content on how to manage a cash surplus. So as an accountant and advisor, how can you help your clients that don’t make the most of the cash available to them? What […]
Small business owners have to make difficult financial decisions almost every day. The level of responsibility and risk can be a huge burden, but with the advent of cloud accounting and the availability of more sophisticated reporting, that is all beginning to change. In particular, online cash flow solutions have been a major contributor to […]
To help show you the true value of joining the cloud revolution and integrating with Xero, we’ve got the lowdown on the Xero pricing structure, and how they can help you do beautiful business. In recent years, cloud accounting has gone from strength to strength – becoming increasingly popular the world over. Xero is slowly […]
Changes to accounting and business advisory services are more than just water-cooler chat. In fact, the industry is abuzz with firms that are adapting their client offering to include value-add services as technology is making previously lucrative services obsolete. We want to make it as easy as possible for accountants that use (and love!) Float […]
Invoice and receipt data entry is arguably one of the most time-consuming and costly business processes. Making sure data entry is as efficient as possible is crucial to optimising bookkeeping workflows, especially for companies who handle a large volume of documents. Why companies need bookkeeping data entry services Today, companies produce and receive a high […]
Here at Float, we know that your cash flow doesn’t always run like clockwork. Money moves in and out of your business all the time and, sometimes, a single monthly budget amount just isn’t accurate enough. That’s why we’ve made forecasting in Float more flexible and accurate than ever with Multi-budgets. In a nutshell, Multi-budgets […]
Running an agency can be a tough job. But thanks to the emergence of new solutions in the FreeAgent eco-system, it just got that little bit easier. If you’re familiar with the FreeAgent platform then you’ll know there are quite a few apps to choose from. But who has time to sift through all of […]
Here are our top six efficiency-boosting reasons for using Float… 1. Save hours every month with automatic updates One of the most time-consuming parts of manual cash flow forecasting is bringing your spreadsheet up to date. Our users tell us this used to take them an average of eight hours every month when manually entering […]
Xero is an online accounting software designed for small businesses. If you’re new to Xero, then this guide to getting started should help you quickly get up and running. Here are 13 steps to get you started using Xero to get a better handle on your finances. 1.Watch the ‘Xero Dashboard’ video The first step […]
Some types of business are more likely to run into cash flow problems, while other types appear to be more resilient. If you’re a business owner, you might be wondering which category your business falls into. But here’s a secret – no matter how inventive or simple your business model is, you can still have […]
