You're on the United Kingdom site →
Blog
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…
Read moreSort content by
6 Tools Businesses Need to Get Their Finances in Shape
In this guest post by CFO On Call, we look at the six business tools you can start using today to get your finances in shape. 1. Accounting software With accessibility of cloud-based systems like Xero that are linked to bank accounts, it’s easier than ever to keep track of all your financial transactions. You […]
The Xero User’s Introduction To Management Reporting
Are you looking for a monthly, quarterly, or yearly summary of your company’s net worth? Then you’re looking for management reporting! What is management reporting? Management reporting, known by some as analytics or business intelligence, is a simple way to keep track of company performance, capturing the data needed by senior managers to effectively run a […]
How to Create a Management Report in Xero
Xero’s built-in management reporting feature generates professional-looking reports useful for providing to board members, as well as for guiding your business in making better decisions. Here is our crash course guide to creating a management report in Xero. Not sure what management reporting is? Check out this post for a full explanation. What’s included in a […]
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 […]
How to Do Better Cash Flow Forecasting
Review your cash flow forecast regularly Some companies will only look at a cash flow forecast when they are doing their annual business plan, or looking for funding, or if they’ve hit a rocky patch. But if you only ever look at your cash situation when you think you need cash, you’re probably not running […]
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 + […]
Top 7 Tips for Finding the Right Business Software
You almost certainly started your business for one of two reasons: you can do something better than anyone else, or you have a burning passion so deep you cannot focus on anything else. And if you’re lucky, it’s both. You didn’t start your business because you wanted to track cash moving in and out of your […]
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, […]
Review of TSheets – Employee Time Tracking Software
Struggling to keep on top of employee timesheets? Want to offer employees a simpler way to clock in and out? Keen to track remote workers’ location throughout the day? Eager to make payroll easier? TSheets, a mobile employee tracking software, is here to help. TSheets is a flexible, easy-to-use app that allows employees […]
3 Ways Forecasting Will Help You Navigate Business Loan Rates
When considering a business loan, most people will evaluate affordability based on the advertised interest rates. But the truth is that if you compare only the interest rates, you could waste money, or end up with a deal that isn’t the best fit. In this blog I’m going to tell you why looking at just […]
Check Out The All New Float!
Sometimes as a company it’s frustrating not to be able to solve everyone’s problems 100% of the time. But there are also moments when we’re immensely proud of what we’re building as a team and excited about what it means for our customers. Over the past year we’ve been rebuilding Float from the ground up. […]
5 Best Xero Apps
For our all time top list of Xero add ons for businesses that we keep updated every year, check out our top Xero add ons post here! There are now over 700 time-saving Xero apps that are designed to help your business work more efficiently. But which are the best Xero apps for your business? […]
A New Year, New Outlook For Your Business
I was catching up with a friend over the holidays who was telling me about one of his friends getting made redundant from a small family business just before Christmas. The basic premise of the story was that the bank had told them they needed to make cutbacks, and as part of this they had […]
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 Signs Your Business Systems Suck
Let’s face it, concepts like paperless office and cloud computing are not ‘new’ concepts anymore. It still surprises me when I encounter businesses that are not paperless and in the cloud. It just makes sense. I’ve been running businesses as ‘paperless offices’ since I co-founded Business Fitness back in 2001. My current business, PARADOX, has […]
Is Your Accountant An Undercover Agent?
It’s true. Your accountant may be an undercover agent. Many accountants are more than they appear to be. I’m not talking about being an undercover agent for the government in relation to your taxes. No. I’m referring to the fact that he or she has the ability to be a Virtual Chief Financial Officer […]
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. […]
4 Christmas Gift Ideas for the Accountant in your Life ?
It’s that time of year again, the halls are being decked, the cards are being sent and there is still someone left to buy for. Someone special, someone close to your heart, someone who works their assets off. Some would say your accountant’s gift is the most important of all, so this is something you […]
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 […]
Best Invoice Financing Providers for your Business
Following on from our guide we have listed the best invoice financing providers in the UK, USA and Australia that can help you get paid faster on your invoices. USA Fundbox Fundbox will advance you cash based on your unpaid invoices. You just hook up your accounting software and select an invoice you want to borrow against. […]
The Best P2P Lending Sites for your Business Loan
Inspired by our guide to P2P borrowing (which you can read here) we decided to do a bit of research to find out what are the best P2P lending sites out there. These sites act as an intermediary between borrowers and lenders, underwriting but not financing a loan. Here’s our guide to the options out there […]
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 […]
What is Peer to Peer Lending and How Can It Help Your Business?
What is it? Peer to peer lending is a form of debt financing that allows businesses to borrow money without going through traditional lending routes such as a bank. P2P lending platforms connect individuals looking to lend their money with businesses looking to borrow. So instead of trying to borrow from a single institution, a […]
What is Invoice Discounting (Invoice Financing)?
Invoice discounting is a way of quickly raising cash by borrowing against unpaid invoices. Normally, you invoice a customer and give them a number of days’ credit. But with invoice discounting, instead of waiting for them to pay, you go to a lender and use the invoice as collateral to borrow cash. A lender will […]
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 […]
How Invoice Finance Can Help Manage Cash Flow Gaps
Most companies, particularly if they are relatively young or small, will face a cash flow squeeze at some point. Only a few years ago, the first port of call would have been the bank manager who could invariably be relied upon to help with an overdraft facility. Nowadays, however, that solution is less likely to be available as […]
Why Cost Reports are Crucial for Construction & Design
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 […]
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 […]
How to Approach Your Bank for Funding
Applying for funding from a bank can be daunting. It’s a lengthy process which involves jumping through hoop after hoop with no guarantee of success. But it doesn’t have to be that way, follow our guide to ensure you go into the loan process with the correct information and watch your chances of approval soar. […]