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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 […]
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 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 […]
How To Make Operating Cash Flow Decisions On Fact, Not Fear
Your five year plan went up in the air when we went into lockdown; there’s a ‘new normal’ in town and we’re having to embrace it in everything we do. Whether it’s providing food for our families, adjusting to working from home (or keeping ourselves safe if we can’t), and video calls with unexpected Zoom […]
How to Streamline Your Advisory Services with Simple Cash Flow
Recently, technology has come along leaps and bounds – especially in the accounting industry. And with the current economic situation due to the Coronavirus pandemic, advisory services and cash flow forecasting have never been more important. With simplified solutions to previously time-intensive and complicated tasks, technology is paving the way for a new kind of […]
Xerocon Panel: How Receipt Bank and Float Work Together
This year at Xerocon London, our very own CMO, Nick Cole sat down with Graeme Tennick of GT Accountancy and Nick Dent of Receipt Bank to host a panel (live!) on the Float stand all about using technology to add value to your firm and your clients! Graeme has been a long-term partner of Float […]
Float are a Founding App Partner of App Advisory Plus
Float recently joined forces with App Advisory Plus and became a Founding App Partner of the platform! We could not be more thrilled to be part of such an exciting platform that aims to help accountants and bookkeepers to support their clients to run better, more efficient, and profitable businesses! Why App Advisory Plus? […]
Webinar: Speaking your Clients’ Language!
The market is inundated with new apps being launched every single day. Apps to make your life as an accountant or bookkeeper easier. Apps to streamline your workflow, or your clients’. Apps that will walk your dog and… well, maybe not just yet. But with over 700 apps on the Xero Marketplace alone, it can […]
Business Snapshot: Xero’s New Cash Flow Pilot
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 […]
How to Add A New Revenue Stream to Your Accounting Firm with Float
One of the most common reasons that business owners switch accounting firms is to seek more proactive financial advice. Float is an app that enables you to provide that proactive advice. But how exactly does it help you add a new revenue stream to your accounting firm? Business owners want to do more business Xero found […]
How to Become a ‘Trusted Advisor’
The world of accounting is changing. Advisory services are becoming more valuable than ever and business owners are looking for an accountant to be a trusted advisor, as opposed to simply providing compliance work. In fact, recent Xero research confirmed that firms offering more than traditional compliance work are making significantly more profit […]
What Value-Based Pricing Can Do For Your Firm
The rise of cloud-based financial software is making the management of business finance increasingly more efficient. Because of this, the majority of accounting firms are expanding their horizons and moving to a value-based pxricing structure. This move to value-based pricing is designed to reflect the worth of the services now being offered to clients […]
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 Making Tax Digital is Pushing Accounting Firms into the Digital Age
Making Tax Digital (MTD) is just around the corner, and many accounting firms are at the tail-end of completing the move to online tax management.xe Whilst MTD for VAT may be compulsory for UK firms, businesses, and individuals with earnings over £85,000, it’s also pushing firms to dive into a world of digital that can […]
3 Ways To Help Your Clients Deal With A Cash Shortage
Shockingly, 82% of businesses that fail, do so because of bad business cash flow. Walking the tightrope between cash in and cash out can be tricky for business owners to balance. But what are the realistic impacts of a cash shortage on a business, and how can you help your clients to manage and avoid […]
4 Ways To Help Your Clients With A Cash Surplus
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 […]
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 […]
Jargon-Busting: How to Speak the Language of Your Clients
A recent shift in the accounting industry has caused reverberations that have spread far and wide. With changes to the typical client offering, and an increase in fintech solutions, the modern world of accounting is a far cry from the old stereotype of pencil pushers and desk jockeys. But what has remained intact is the […]
How is App Fatigue Impacting the Accounting Industry?
Recently, there has been much debate in the mobile app world of a fatigue taking over the industry. And now, that same app fatigue has filtered through to the accounting app ecosystem, with the potential for causing just as much disruption. App fatigue is the phenomenon that occurs when there’s an influx of apps on […]
How to Offer Cash Flow Services to Your Clients (And Make it Profitable)
When you ask your clients about their biggest issues, challenges, and concerns, cash flow is right up there at the top. Actually, “cash flow” isn’t always the term your clients use. They’ll say things like “I’m worried I won’t be able to pay my employees every month” or “our sales are great, but it takes […]
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 […]
3 Accounting Technology Trends To Keep On Your Radar
Accounting technology is developing at a rapid rate. In June 2019, Accountex reported that the accounting, banking and fintech systems were working closer together than ever before. This accounting tech explosion is exciting – and maybe a little scary. To avoid app fatigue and make sense of this landscape, it’s important for both accountants and […]
3 Proven Tactics For Accountants to Increase Revenue From Existing Clients
Jay Abraham, business and marketing guru, famously said that there are really only 3 ways to grow a business: Increase the number of clients Increase the average transaction value Increase the frequency that the average client buys from you Most accountancy practices think that in order to increase their revenue, they need more clients. […]
How to Sell Float to Your Clients
You know how important an operational cash flow forecast is to your clients’ businesses, but do they need some help understanding how crucial it is? If you’re looking to sell Float to your clients, you’ll find these best practices helpful. We put together the best ways to explain Float to your clients in a way […]
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 […]