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Understanding Your Cash Runway
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…
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Everything you need to know about Making Tax Digital
If you’re a small business owner or freelancer, you might have heard of Making Tax Digital (MTD). But what is it, exactly? What do you need to know? And what impact will it have on you and your business? Don’t worry if you’re asking yourself all of these questions (and more). We’re here to guide […]
VAT and Making Tax Digital
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, […]
5 Actionable Cash Flow Tips That Can Help Your Business Stay Afloat
We at Float like to think of cash flow forecasting as your fitness plan. You cannot expect your cash flow to be healthy after a single forecast. You will only see results with consistency and good habits. Around 70% of UK small businesses experienced significant cash flow problems in 2020 which are detrimental to their […]
Are my projects profitable?
Cash flow forecasting tool for project accounting Cash flow forecasting is crucial for every business, but project-based businesses may feel particular pain when trying to keep track of all the moving parts. We’ve created a brand new feature to help you better manage your money and plan for the future. What is project accounting? Project […]
And The Winners Of The AccountingWEB Software Awards Are…
We’re delighted to announce that we’ve won two awards in the prestigious 2021 AccountingWEB Software Awards, beating some stiff competition to be crowned one of the favourite tools of more than 7,500 accountants in two categories: Forecasting, Planning & Analysis, and Cash Management and Credit Control. The AccountingWEB’s annual software awards are voted for by […]
Develop A Marketing Strategy For Your Small Business
As a small business, getting your name and products out there is of paramount importance. But how do you go about it? Part of the answer lies in a strong marketing strategy. Marketing can feel overwhelming, particularly when you’re just starting out. How do you decide what to focus on, and how can you know […]
Top Tips For Business Goal Setting In 2022
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? […]
Setting (And Sticking To!) Your New Year Business Resolutions
Most people make new year’s resolutions. Whether it’s to take up running, try to eat more healthy foods, or make more time to read. But have you ever thought about setting new year’s resolutions for your business? What type of resolutions might you make for your business? Whether you want to increase your client base […]
What Is A Start-Up Accelerator?
If you’re a start-up looking to scale up, you might consider entering a start-up accelerator. But what are they, why might you use one – and how do you find one? We answer all of your questions in this guide to start-up accelerators. What is a start-up accelerator? A start-up accelerator is a short-term growth […]
How To Prepare For A Funding Round
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 […]
5 Financial Reports To Share With Your Board
Are you preparing for a big board meeting? As a start-up, you might feel nervous about presenting your finances to the board before your business is fully established and making the sort of money you know you’re capable of. How can you show the board that you’re well on your way to building a profitable […]
Hybrid Working: How To Make It Work For Your Business
The working landscape has changed unrecognisably over the last 18 months or so. Whilst most offices were once full of staff working 9-5, nowadays many of us are still working from home whilst others are venturing back into the office on a part-time basis. As a CEO, you might be faced with a dilemma: How […]
How To Forecast Revenue
As a business owner, it’s important to forecast your revenue so you can guide the company in the right direction, based on solid decision-making. But how can you work out how much money your business will make? What’s the difference between revenue and income? And what’s the best way to work business revenue into your […]
6 Of The Best Apps For VCFOs
In this second guest article from Sharon Brown, Founder of Magic Beans accounting practice, Sharon shares some of her favourite apps and reveals how they help her deliver seamless VCFO services for her clients. Actively finding ways to streamline and improve workflows and processes is all part of being a valuable VCFO. Finding the right […]
Why You Should Offer VCFO Services
In this series of articles for accountants and bookkeeping professionals who are looking to explore the opportunities of virtual cloud services, Sharon Brown Director of Magic Beans accountancy practice shares her ideas and tips for adding VCFO services to your offering. First up, we’ll discover what VCFO services are and how you can start to […]
How To Use QuickBooks Online
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 […]
Why Do Small Businesses Use Float?
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 […]
What Is Burn Rate?
As a new business owner, you know how delicately things must be balanced to ensure that you have enough cash in the company whilst you’re seeking new investment opportunities, growing your customer base and generally getting things off the ground. You may have some venture capital for your start-up and are worried about running out […]
Understanding Your Cash Runway
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…
How To Use A Cash Flow Forecast To Apply For A Loan
As a small business, you may be struggling to bridge the cash gap between when you’re paying bills and when you’re receiving money. Or maybe you’re wanting your business to grow and you’re looking for investment options. Taking on debt is a very common and relatively cheap way of solving some of these problems. If […]
Establishing A New Cash Culture
We all know that the sign of your business doing well is a healthy cash flow. But what’s the trick to keeping the business bank balance looking good? The answer: a cash-focused culture. What is a cash-focused culture? It might sound obvious, but businesses with a cash-focused culture don’t lose sight of the money going […]
How To Make Better Decisions As A CEO
Life is all about decision-making. Every day people make important choices about their lives and carve out their paths to success, both personally and professionally. Decision-making techniques will vary from person to person, but as a CEO of a company, yours carry a big responsibility. As CEO, the decisions you make can have a huge […]
Infographic: Scenario Planning Trends
Scenario planning is a business owner’s secret weapon on the path to success. Find out how businesses have been using scenario planning to navigate through the uncertainty of the pandemic and beyond…
Recovery Loan Scheme: Everything You Need To Know
We all know how difficult the last year has been, with many businesses being hit hard by the disruption caused by the pandemic. As the country starts to open up again, you may benefit from the Recovery Loan Scheme to get your business back on track.
How To Support Mental Wellbeing At Work
As part of Mental Health Awareness Week 2021, we’re looking at mental wellbeing in the workplace – how to talk about mental health at work, how to build a wellbeing culture and how investing in employee wellbeing can benefit your business.
Remote Working Is Here To Stay: How Will Your Small Business Adapt?
In this guest article, US-based business financing experts Fundbox share the best ways to adapt to a new way of working. After the coronavirus pandemic hit, millions of office workers made the shift to remote work. In the process, many learned that it has quite a few perks. Employees are often happier and more productive. […]
7 Crucial Cash Flow Mistakes To Avoid as an Entrepreneur
In this guest article, we welcome Financial Coach Shishir Khadka to the blog to share some insights into cash flow mistakes he’s learnt to avoid from working with entrepreneurs and business owners. As Eleanor Roosevelt once said: “Learn from the mistakes of others. You can’t live long enough to make them all yourself”. I believe […]
How To Write A Winning Business Plan
You’ve got a brilliant idea, and you’ve mapped it all out as a feasible, money-making possibility. You might have saved up some capital or secured funding, but you’re going to need a solid business plan to turn your dreams into reality. Don’t worry if you’ve never written a business plan before, help is at hand! […]
3 Essential Resources Your Business Needs To Thrive Post-Lockdown
As businesses across the UK reopen their doors to the public, business owners will understandably want to be as prepared as possible for success post-lockdown. With multiple priorities to juggle, we’ve made it easy for you to identify three essential business resources to give your business a boost and make the transition a smooth one. […]
How Important Is Cash Flow For A Start-Up Business?
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 […]
Top Tips For Building A Successful Referral Strategy | Float
When accountant and friend of Float, Heather Smith, asked the accounting and bookkeeping community for a collection of tips on building a successful referral strategy, she surfaced some incredibly useful insights. In this guest article, Heather shares those tips with you. Referral: The act of directing someone to a person or business for information, or […]
How Do Dividends Work?
Dividend – a word you’ll definitely hear if you’re looking to make investments in company shares, or if you’re a limited company thinking about offering a share scheme to potential investors. But what are dividends? And how do they work? What is a dividend? A dividend is an amount of money paid out to invested […]
Data: The Key to Unlocking Your Firm’s Advisory Services
We’re delighted to welcome Yoseph West, co-founder and CEO of US-based Relay Financial to the Float blog for this special guest post. If you’ve had your firm for a while, there’s a good chance you’ve explored advisory services at some level. Data shows that accounting firms who offer advisory services generate 67% more revenue than […]
3 Cash Flow Graphs Every Business Should Use
Using cash flow graphs is a quick and powerful way to really get an accurate picture of the flow of cash in and out of your business. Whether you want to delve into highly granular, detailed information or more of a bird’s eye view of your cash position, cash flow graphs can help you understand […]