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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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8 Tips For Launching a Successful Marketing Campaign
Not sure how to build a successful marketing campaign? We’ve all been there. Unfortunately, marketing isn’t simply throwing words on a page and hoping for the best. It’s a little more complex, and all the more fun for it. So here are our top 8 tips on how to credit a successful marketing campaign – […]
6 Business Villains and their Evil Ways
In light of the Philip Green pension scandal at BHS, we thought we’d take the opportunity to educate you on some of the most notorious business villains. From revealing industry secrets to mistresses to throwing lavish parties funded by fraudulent loans, these anti heroes have committed some of most lucrative and luxurious (and rash) crimes ever recorded. […]
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 […]
6 Celebs You Didn’t Know Were Business Owners
Think about the stars of Hollywood’s red carpets and you probably have in mind a certain sort of person. Someone who embodies the glamour of the silver screen, effortlessly suave, confident and full of panache… Or maybe you just see someone who’s made it lucky and never done a proper day’s work in their life. […]
5 Most Common Reasons Businesses Seek Funding
Businesses need finance for a variety of different purposes, but there are some common reasons why businesses apply for funding. Reasons can include business grants and loans for working capital, to buy machinery, to hire more staff, or even re-finance existing loans to reduce monthly costs. A British Business Bank Survey published in 2019 found […]
What Types of Traditional Finance Are Available and When Should You Use Them?
Whether you are looking for traditional or alternative financing for your business, you could be overwhelmed with your options. Luckily we are here to put the fun into funding and the rad into traditional finance. So here is a quick breakdown of the types of finance available and when to use them. Investment finance […]
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 […]
Best Add Ons for Professional Services
Businesses in the professional services space come in all shapes and sizes. From creatives and consultants to accountants and engineers they all have one thing in common; they are all selling their time and expertise. In this industry, more than any other, people and skills are the product. According to a report by The […]
The 5 Best QuickBooks Online Apps
Using QuickBooks Online means so much more than just accessing your accounts from anywhere, anytime. It also opens up an unlimited world of possibilities thanks to the app store, which boasts hundreds of QuickBooks apps all designed to help you customise an integrated package to fit your business’s needs. With so much choice it’s easy […]
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 […]
Float for Trade and Construction Businesses
Cash flow forecasting is one of the biggest challenges in the construction business. A complex blend of buying stock, costing for labour and negotiating payment terms…it’s no wonder so many construction businesses use Float. Check out what two of our users with construction businesses have to say about Float or sign up for a free trial here. […]
Float for Manufacturing Businesses
As a manufacturer getting the balance right between keeping your suppliers sweet and chasing your customers for cash is critical to a successful operation. Float will help you get that balance right… Check out what three manufacturers have to say about Float below or follow this link to sign up for a free trial! Partech are industry leaders […]
Float for Service Businesses
Project-based businesses tend to suffer from ‘lumpy’ cash flow. While outgoings are fairly predictable, inbound cash is not. That’s why so many Float users come from businesses such as agencies and consultancies… Check out what our users with project-based business models have to say about us, or sign up for a free trial here! Matt […]
Float Wins Best Online Cash Management Software Award From FinancesOnline.com
We are delighted to have won the Online Cash Management Software award from FinancesOnline.com! We’ve worked hard to build a cash management software that allows our users to easily forecast and monitor their cash flow and it’s not just a job for us, it’s a mission. Recently that was recognised in our Float reviews […]
How Receipt Bank Will Make Your Business More Productive
Hands up if you recognise the process of; receiving an invoice, getting it to your bookkeeper, making sure it’s entered into your accounts, filing the invoice and then storing it for several years… And hands up if you think this is a bit tedious… Well good news! It doesn’t have to be that way! Because […]
Float Nominated At The Digital Tech Awards 2016
We are delighted to be nominated in the Best Financial Product/Service category at the Digital Tech Awards 2016 for the second year in a row! The ScotlandIS competition – itself in its 6th year – celebrates the best in the bustling Scottish technology scene, from exciting startups such as Indigo Technologies and Cofficient to global […]
Float Doesn’t Integrate with My Accounting Software
If you’ve come to this page it looks like you have an accounting package that we don’t (yet) integrate with. At the moment, we only integrate with Xero, QuickBooks Online (QBO) and FreeAgent. Which accounting software do you use? Here’s some further information that you might find useful: Why Move Your Accounting to the Cloud? There’s […]
Top Pranks To Play On Your Boss
April Fool’s Day is fast approaching, and you’ve been itching to get your prank on, but who can you trick with no chance of repercussions? Thats right, your boss. So read on my friend, we’ve got you covered. Here are our top April Fools 2016 pranks for the professional world. Cover their desk with […]
How Chaser Will Help You Get Paid On Time
Invoicing can be an arduous process for many businesses. According to a report by Xero, small businesses struggle with making sure the cash collection process is quick and accurate, with “following up on late payment” listed as a specific bug bear. If only there was a tool that made collecting cash easier… Enter Chaser, stage […]
Get Started with Float in 9 Easy Steps
The 9 simple tasks below are designed to help you understand how Float works and how to get the most out of the software. Each task only takes a few minutes to complete and includes easy-to-follow instructions. If you get stuck at any point, please just drop a question into the chat box at the bottom right […]
Step 1: Include the Accounts You Want to See
Float pulls in all the bank feeds you have connected in your accounting platform. You have total control over which accounts you want to include within your cash flow forecast. This Task Should Take Less Than 2 Minutes Log-in to your account To the right of your screen, just under the main tabs, you will […]
Step 2: Check Your Balance is Correct
It’s important that Float has the right information in order to accurately predict what your future bank balance will be. This task should only take a few minutes Have a look at your Float balance for today in the top left-hand corner. Is this the number you expect to see? If the number is what […]
Step 3: Group Your Office Costs Into a Single Row
When Float imported your data we pulled across your full chart of accounts, line by line and row by row. Let’s simplify your view. If, like many businesses, you’ve got fairly predictable outgoings for “Office Costs” then you can group multiple accounting categories within this group. A group is defined in Float as a single […]
Step 4: Set Your Payroll Date
Making payroll is can sometimes be a huge issue for business owners. It might even be one of the reasons you are investigating a cash flow forecasting solution. With Float, you can get a daily view of cash flowing into, and out of, your business. And because payroll is a very predictable outgoing, you can easily […]
Step 5: Plan Your Next Payment Run
Bills arrive into your business every day. But most businesses don’t settle their debts on a daily basis. Chances are, you have a designated day for when you deal with bills. When Float pulls in a bill from your accounting platform, it looks at the due date and predicts that you will pay that bill […]
Step 6: Input Your Sales Forecast
When Float imported your chart of accounts you may have chosen the option to build a forecast taken from average historical data. So for your sales, we would have looked at your previous 3 months’ revenue (in cash), averaged it out, and projected it forward. However, nobody knows your sales forecast better than you, so […]
Step 7: Forecast a Different Sales Scenario
Unless your business operates on a subscription-based model or you have a high proportion of retained revenue, chances are your sales forecast will be fairly unpredictable. To help you plan, we recommend you create a separate, pessimistic forecast so that you can prepare for a worst-case scenario. This Task Should Take No Longer Than 6 […]
Step 8: Project a Late Payment
Late payment can have a devastating impact on businesses. Sometimes the problem is less about a payment being late and more about the expectation of a business (for example if a business needs an invoice to be paid in order to meet their obligations). Imagine a perfect storm of outgoings looming; a tax bill is […]
Step 9: Download a Report
Cash flow forecasting isn’t really about number crunching. The real value of forecasting comes from discussing the assumptions and plans behind the numbers. While cash flow forecasting is incredibly useful as a solo activity, its power is increased exponentially when you bring in business advisors like your accountant, or an investor. These people can ensure […]
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 […]
What Does Success Mean To… Anand Kumar Sengottaiyan
Anand is the owner of Dr.Grill, a grilled chicken restaurant based in Coimbatore, India. They aim to provide healthy meals that can be enjoyed by all ages. Why did you start your business? When we wanted to enjoy a good grilled chicken, we had no choice in the city. Our family and kids never enjoyed the […]
5 Things You Never Knew About Cash Flow
“Cash is king,” said the business guru sagely. The audience applauds rapturously. We’ve all heard the old cliche. But it’s strange how rarely anyone elaborates on this apparently universal truth. At Float, we believe in cutting through that veneer because cash is too important to be relegated to a book of trite sayings. We believe […]
How To Get A New Free Trial
Has your trial run out and you’ve not been able to fully explore Float? Or maybe you’ve been away for a while and you’d like to give Float another go? Whatever your reasons are, we are here to help. Currently, there are 3 ways to get another free trial, here they are! Method 1 Log […]
Invoice Manager has become Cash Manager
You may have noticed we recently made a small change to the app, changing the name of “Invoice Manager” to “Cash Manager”. It may be just a small name change, but we feel it is a much better description of the task this feature performs. What is Cash Manager? Cash manager is a feature that […]