cash flow problems

How To Avoid Cash Flow Problems

Cash flow problems can occur for any business. Whether you’re growing, just starting out, or running an established business, it’s not always smooth sailing. In fact, 82% of businesses become insolvent because of bad cash flow, which isn’t all that reassuring. But don’t worry, we’ve got your back. That’s why we’ve written this guide to […]

How Do I Calculate Inbound Cash Flow?

Getting a strong handle on how much cash is coming into your business is essential to making informed decisions for your business. Right now, it can be hard to predict what money is going to come into your business and when. The current situation is constantly changing and the uncertainty is inevitably causing many business […]

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 […]

9 Expert Tips To Instantly Improve Your Business’s Cash Flow

There are many reasons why you may want to improve cash flow in your business. Maybe you’re looking to free up some cash to put towards growth, or maybe you’d like to build up your cash cushion to protect yourself from any bumps in the road. Whatever your reason, we’ve got you covered. Sue Hirst, […]

accounts receivable

4 Ways To Improve Your Accounts Receivable And Cash Flow!

In a small business, it’s easy to be focused on driving new sales; closing deals is exciting, especially when you’re trying to grow. But, once business is won and the service is provided, the job is far from over. Because many small businesses operate with part-time accountants, invoicing and Accounts Receivable (AR) may not be […]

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 […]

Forecasting revenue

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 […]

Float’s 4-week cash flow challenge: Achieve your 2024 financial goals!

A weekly challenge featuring 3-5 easy-to-follow exercises that you can commit to, setting up 2024 for success! What topics will this challenge cover? 🎯 Setting intentions & goals (including reflective exercises) 🤓 Understanding cash flow essentials & practical tips 🎬 Taking actionable steps to gain better insight into your business’s financial position 💪 Cementing these […]

7 Advantages Of A Cash Flow Forecast

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 […]

Top Tips For Business Goal Setting In 2024

Are you setting New Year’s resolutions? No, we’re not talking about hitting the gym or eating out less. 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? In […]

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…

person holding black ceramic piggy bank

Why Is Cash Flow Important To A Small Business?

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 […]

Avoid your business ‘death date’ with a cash flow forecast

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 […]

What the heck does “Cash is King” even mean?  

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 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 […]

start up founder with laptop

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 […]

How Can I See Where We’re Overspending?

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… […]

Sketch image of rocket ship in front of a moon in the clouds

12 Ways To Boost Cash Flow

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 […]

Understanding Short Term vs Long Term Cash Forecasting

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 […]

ria jaine lincoln accountant

Meet The Accountant Who’s Helping The Beauty Industry Manage Cash Flow In A Crisis

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 […]

blue steps

5 Steps To Successful Budgeting And Forecasting

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 […]

cash flow forecasting

How to Do Scenario Planning with Float

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 […]

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 […]

seasonal business

How Cash Flow Impacts Seasonal Business

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 […]

6 Reasons To Use Float For Cash Flow Forecasting

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 […]

how to use xero

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 cash flow graph screen

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 […]

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 […]

The Direct and Indirect Method of Cash Flow Forecasting: Which Should You Use?

What’s the difference between the direct and indirect method of cash flow forecasting? You may already know that your cash flow forecast tells you what your future bank balance will be and helps you to find out if your business will have the right amount of money at the right time. But did you know […]

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 + […]

How Dog and Pony Studios are using Float

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 […]

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 […]

An Introduction to Working Capital Management

Being an ex-banker looking after small businesses, and now a small business owner myself I have seen working capital management from both sides. Not so long ago, if your bank turned you down for an overdraft, that was the end of the matter – there was nowhere else to go short of friends and family. […]

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 […]