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All posts by Harriet Stevenson
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How the Coronavirus Business Interruption Loan Scheme works
Update: This UK government support is set to end on 31st March 2021. Some of the information below may now be out of date. The impact of COVID-19 has sent shockwaves through the economy, with thousands of businesses desperately needing help to deal with the lasting financial impact on their business. The UK government has […]
How to Combat Coronavirus Cash Flow Concerns
As the world grapples with the unprecedented spread of Coronavirus (COVID-19), small businesses are beginning to see strains on their cash flow from cancelled flights, cancelled events, social distancing and consumer panic. As of the date of publishing (19th of March), countries have taken the following actions, all of which (however necessary) have negatively impacted […]
Budgets Can Now Increase or Decrease by Percentage 🥳
We’re excited to announce a new feature hot off the presses! You can now create percentage increases and decreases on your budgets in Float, as well as fixed value increases and decreases (eg. + or – $500 a month). This is something that has been requested quite frequently by our users, and we’re confident that […]
How to Price Float For Your Clients
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 […]
How to improve your clients’ cash flow with GoCardless, Chaser and Float
We recently teamed up with our friends at GoCardless and Chaser, as well as financial adviser Mark Probert, to host a webinar all about how to help your clients improve their cash flow. Here’s the recording! How to help clients improve their cash flow Watch this video on YouTube
Partners: how to make the most of your free account!
Did you know that accounting and bookkeeping firms on the Float partner program get a free Float licence? You can use this to test-drive our software, and show clients how it works. It’s free for life, so you don’t have to worry about losing it. We want to give you the chance to use Float […]
Float for FreeAgent
We jumped on a training webinar with our friends at FreeAgent to explore cash flow forecasting, and how it works with FreeAgent. Check out the video recording below! Cash flow forecasting with FreeAgent and Float Watch this video on YouTube To sign up to see what Float can add to your FreeAgent […]
How To Use Xero in 13 Easy Steps
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 […]
Float Is One Of The 1st QBO Apps on QBOA!
This week, Intuit announced the new QuickBooks Accountant Apps Program to help accountants more efficiently select and manage QBO apps for their clients. Float cash flow forecasting is one of the first eight apps to be integrated with QuickBooks Online Accountant (QBOA). QBO Apps chosen for the initial rollout of the program were selected by […]
How To Prepare Your Business For The Next Recession
There has been a lot of chatter in the media recently that another economic downturn might be around the corner. As The Wow Company found in their recent “How recession-proof is your business” survey, a surprisingly high number of UK-based businesses are not prepared for the next recession. If the next recession is coming, many businesses […]
Top Tips To Instantly Improve Your Cash Flow Projection
Projecting cash flow is hard. But the more accurate you can make a cash flow projection, the more powerful they become. Here’s a list of 9 things we see business owners and finance directors doing that give them mastery over their cash flow predictions. 1. Clearly articulate your plans As Eisenhower once said: “plans are […]
How to Help your Clients Navigate the Xero App Marketplace
Using Xero’s wide range of connected apps on the Xero app marketplace is a great way for you to customise your clients’ accounting solution, using tools that can help them streamline repetitive processes and save time. Even adding just one of the right apps can significantly enhance your clients’ profitability. Xero offers apps that can […]
Cash Flow Forecast in Excel – Pitfalls to Avoid
Creating a cash flow forecast in Excel (or another type spreadsheet) can be a critical step towards proactively planning for the future of your business. But keep in mind that a manual forecast is tricky to get right and keep up to date. When you’re getting started forecasting in Excel, take care to watch out […]
Free Cash Flow Forecast Template
We understand how important cash flow forecasting is for a business, especially right now. That’s why we’ve created a cash flow forecast template for you to start using for free today. Simply hit the button below and it’s yours. Do you know exactly how much cash is coming into and out of your business? If […]
Product Update: Quick Budget Edit
We have been working hard on introducing a new feature into Float called ‘Quick Budget Edit’. Simple Copying and Pasting This feature will allow you to copy multiple rows and columns of budget data from another source e.g. a spreadsheet, and paste them straight into Float using keyboard shortcuts (ctrl + c and ctrl + […]
Product Update: Extending Expected Dates By a Set Number Of Days
One of the most important parts of creating an accurate cash flow forecast in Float is managing the expected payment dates on your invoices and bills. We’ve now made that much easier, giving you the option to extend one or multiple invoice or bill expected dates by a set number of days. So for example, […]
The Difference Between A P&L Budget And A Forecast
Planning for the future is essential for business success. In order to make confident decisions, you need to know what lies ahead. Understanding the difference between your budget and forecasts can help you to properly plan for the future of your business. What is a P&L budget? Your profit and loss is your business’s financial […]
7 Crowdfunding Tips to Increase Chances of Success
Crowdfunding can be an incredibly effective way to reach your business fundraising goals on your own terms, and can be more flexible than going through the traditional bank route. In order to reach your funding goal, we’ve put together a list of 7 top crowdfunding tips. For more information check out our overview of crowdfunding […]
7 Steps to Build Float into Your Workflow
Can you see an opportunity for using Float with your clients but you’re unsure how best to incorporate it into your workflow? We’ve spoken with lots of partners who use Float regularly, and this is how they do it: 1. Test it out with your own data First and foremost, you’ll want to test Float […]
Best Crowdfunding Platforms for Businesses
Crowdfunding is becoming a more and more popular source of capital for businesses. We’ve captured the top crowdfunding platforms for the three different types of crowdfunding: donation, reward, and equity-based. Donation-Based Crowdfunding Platforms Buzzbnk What: Buzzbnk brings social ventures (Any venture that seeks to deliver social or public benefit) looking for capital together with funders […]
Why is Float Better Than a Spreadsheet?
If you are one of the many businesses that relies on spreadsheets to produce cash flow forecasts, you may have had occasional doubts and concerns about the level of accuracy and time it takes to produce them. You’d be right to question them. The fact is that a whopping 88% of spreadsheets contain errors*. One […]
Crowdfunding Options for Business
Crowdfunding is one of the many alternative finance options for businesses now available on the market, making the traditional bank loan route less and less necessary. Here we’ll run through the types of crowdfunding available to businesses needing an injection of cash. What is Crowdfunding? Usually the crowd buys shares in your company, donates cash […]
Alternative Finance Options for Business
Since the recession in 2008, there have been many complaints that the banks aren’t lending to SMEs. As a result businesses are increasingly seeking out alternative finance routes to access funding. What is Alternative Finance? Alternative finance is any type of business funding that doesn’t come from a traditional institution such as a high street […]
The Small Business Funding Landscape is Changing
You might think that the only option for small business funding is through the traditional bank or grant route. But times are changing, and there’s been a recent explosion of new ways to access finance. Read on to find out how to get your next business loan without going to the bank. Small Business Funding […]
Late Payment of Invoices is Crushing Small Businesses. Who Are the Culprits?
You may be surprised to learn that the worst culprits for consistent late payment are not actually the massive corporate juggernauts or the mini mom-and-pop businesses out there… the latest payers are actually high street retailers. Market Invoice, a peer-to-peer platform for selling invoices online, recently published a report about the state of late payment of invoices […]
Simplify Your Expense Management With Expensify
Expenses are a pain in the a$$. As an employee you’re scared of losing receipts and not getting reimbursed. As a financial controller the process of approval, documentation and paying out is, frankly, miserable. But in a cloud-enabled world processes are being turned on their head. And that’s exactly what Expensify are doing to expense-management. How […]
Why A Cash Flow Forecast Is Important To Your Advisors
If you aren’t already doing a cash flow forecast you probably know that you should be. But maybe you occasionally wonder why a cash flow forecast is important to your accountant, or why your bank manager wants to see one, your why your investor keeps telling you to show them one. A cash flow forecast […]
Businesses are Desperate for Forecasting Software
Budgeting and forecasting software is essential to business success – not our words, but those of business owners who are increasingly recognising the edge their companies can gain by using cloud technologies. According to a recent report by independent analysts Software Advice, demand for simple budgeting and forecasting software has shot to the top […]
6 Kickass Benefits of Cloud Accounting Software
If you are a business owner, moving your accounting software from “on-premise” to “the cloud” can bring huge benefits. Not only could you save bucket loads of time, but cloud accounting software is cheaper, more secure and accessible anywhere. 1. Accessible anywhere, giving freedom and flexibility Cloud accounting software allows you to access your financial information, […]
How good are you at managing your company’s money?
Having a good knowledge and a tight grip on your company’s cash is important for every business owner but how do you know if you are actually as well versed in money management as you think you are? Are you an Accounting All Star, a Bookkeeping Beginner, an Accounting Amateur or maybe even a Cash Connoisseur? Get […]
What is cash flow forecasting and management?
Cash flow forecasting and management is about knowing what your bank balance will be next week, or next month, or next quarter. It is an important business process that can create huge opportunity if done correctly but can cause a lot of problems for your business if ignored… Why Build a Cash Flow Forecast? The […]
Introducing… Help Site and Speed Improvements
Float has had a bit of a makeover with several new features over the past 6 months, so we’re introducing each one in a separate article here. Check out what we’ve done to improve our Float help site: Improved Speed Sometimes Float took longer to load than we would like, so we’ve made some improvements under the […]