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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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6 Solid Pick Up Lines To Use On An Accountant
Everyone knows that guys only get into accounting to pick up the ladies and let’s be honest, it works like a charm. But what do you do if you are on the other side and you just can’t wait for him to introduce himself? While we wait for www.DateAnAccountant.com to finally launch (come on guys, […]
4 Tips for Better Business Cash Management
Ever find you don’t have enough cash to pay yourself the salary you deserve? Or perhaps your business is growing fast and your bank balance is skimming the red? Or maybe you simply find yourself worrying about how much cash you have from day to day? You need to think about your business cash management… […]
Cash Flow Isn’t About Numbers…
Cash flow forecasting is not about numbers. I mean, sure, you need numbers to make a cash flow forecast. But that is not what cash flow forecasting is about. Cash flow forecasting is actually about using numbers to make decisions that will help you achieve business success and avoid failure. Imagine You Couldn’t Pay Your […]
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, […]
What does success mean to Charles Norwood?
Charles is a highly experienced expedition organiser and has participated in major overland expeditions since the 1980’s. He is Managing Director of Safari Drive, a self-drive safari specialist offering holidays in Southern Africa, Oman and Argentina. Charles looks after Safari Drive logistics and uses his wealth of expedition experience to advise on the more adventurous trips. […]
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 […]
What Does Success Mean To… Alex Cole
Alex is CEO of Peekabu studios, an Edinburgh based visual tech company. What does success mean to you? “Success is setting out a plan that can still be flexible and achieving it as best you can, sometimes exceeding your expectations, sometimes not, but it’s intentional. It’s not meandering, it’s not falling into one happenstance or […]
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 […]
What Does Success Mean To… Gavin Bell?
Gavin Bell is the founder of Blue Cliff Media, a social media marketing agency based in Edinburgh, UK. We sat down with him to discuss what success means to him, and how he achieves it using accounting apps! What does success mean to you? “Hmmm…I was going to say happiness but I think that’s […]
Introducing… Onboarding Guide
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. Keep your eye out for the next one! Check out why we’re so excited about our Float onboarding guide! Onboarding We wanted to improve the onboarding flow for new users […]
Introducing… Category Manager 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. First off: our new and improved category manager…Keep your eye out for the next one! We thought it was time to improve the layout of the Category Manager, making it […]
Introducing… Invoice Manager
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. Keep your eye out for the next one! Read all about our Float invoice manager here! Float invoice manager We want to make your accounting as simple as possible and […]
5 Greatest Spreadsheet Errors of All Time
Chances are, at some point in time you’ve probably messed up a spreadsheet. And when we take into account that nearly 9 out 10 spreadsheets contain errors, that’s to be expected! But when millions of pounds are at stake it becomes a bit more important to get your spreadsheet right… Here we count down the […]
Introducing… New Views in Daily Cashflow
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. Keep your eye out for the next one! With our new views in the tab for daily cashflow Float enables you to fully understand the breakdown of your finances on a […]
5 Excel-lent Tips For An Error Free Spreadsheet
Did you know that an astonishing 88% of spreadsheets contain errors?! A University of Hawaii study suggests that there’s an error rate of more than 1 in 100 formula cells Panko, 2008. We recently conducted our own study, analysing over 1,000 cashflow forecasts and discovered that the average number of cells in a cash flow […]
Introducing… Splitting Invoices & Bills
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. Keep your eye out for the next one! By splitting invoices Float allows you to see granularity in your finances. Check out how splitting invoices in Float can help you […]
Introducing… More Granular Budgeting Options
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. Keep your eye out for the next one! Check out our easier to use and simpler to understand budgeting Float! More Granular Budgeting Options We learned that many of our […]
Introducing… Layered Scenarios
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. Keep your eye out for the next one! This one is all about layered scenarios! Layered Scenarios Want to see multiple bank balance lines in your forecast? Now you can […]
Introducing… Cash Flow Graph Views
Float has had a bit of a makeover with several new features, so we’re introducing each one in a separate article here. Keep your eye out for the next one! Here, we tell you all about the new version of our cash flow graph! Want to know more about which graphs your business should be […]
Are late payments crippling small businesses?
Yasmine Bachir is an outreach executive at RocketMill, undertaking research and writing articles on a range of topics. She has always been passionate about working within the business and finance sectors, and these have always been her favourite topics to undertake. Yasmine enjoys having a job that is also a passion, and she hopes this […]
Slingshot Effect Have Ceased to Trade
The team at Float has it’s share of zombie fans and RPG aficionados. And so it was with sadness that one of us received an email over the weekend from Slingshot Effect (creator of the zombie RPG, 2.8 Hours later www.slingshoteffect.co.uk) explaining that they have put the company into liquidation. In a statement (which can be […]
How Perceptions Of Accountants Are Changing
There’s no doubt about it, things are changing in the accounting world. Xerocon London 2015 served as a wake-up call for me. I had no idea the movement was so alive and thriving. Each day was buzzing with a mixture of accountants, add-on partners and Xero employees, all extending friendly hellos or offering demos of […]
Xerocon London 2015
It’s almost time for Xerocon! The whole Float team are packing up our Scottish office and decamping to London for Xerocon this week. Startup style – we’ve booked a house on airbnb and we’re looking forward to some team building, hangouts and having some fun. Every time we’ve gone to a Xero event, we’ve […]
First Impressions At Xerocon
The dust has now settled on Xerocon 2014 in Sydney and having recovered from the jet lag, I thought now would be a good time to reflect on and share my first impressions and experience of an accountancy conference. It was a conference unlike any conference I’ve ever been to and in this post, I […]
What Business Owners Really Want
There are a lot of things in life that we don’t fully understand. Technology, for example, can seem shrouded in mystery – “it just works” is a phrase that Steve Jobs would often joyfully remark. If only it were like that with business. If only business models just worked! Finding and keeping great people, communicating […]
Xerocon – The Best New Kid In Town…
Wow! We’ve had an incredible, whirlwind couple of days here in (not so sunny) Sydney. Since arriving at Xerocon last week, we’ve had the warmest of receptions from everyone at Xero and the awesome community they’ve worked so hard to build together with accountants, bookkeepers and add-ons here in Australasia. And what a surprise it […]
Float Welcomes the WOW Company
Float, the cash flow add-on for accounting software Xero, has welcomed The Wow Company to its list of partners. The Wow Company is one of the leading national accounting firms for small and medium-sized enterprises. It is passionate about using technology to make it easy to manage wealth and business finances, which is why The Wow […]
Forecast Frequency – Daily, Weekly, Monthly or Quarterly?
How often should you do your cash flow forecast, and how granular does it need to be? One of the frequent requests we get at Float is for daily cash flow forecasting. A lot of businesses are interested in more granular forecasts to get better insights into how their available cash changes day by day. […]
Squarespace Integrates With Xero!
Xero has been on an adventurous journey the last few years, from a small(ish), New Zealand-based startup to an established accounting software company with the potential to take over the world. Their growth is impressive and there are new integrations appearing all the time which will make accounting easier for business owners everywhere. They’ve just […]
Should You Rely On Excel For Your Cash Flow?
Who doesn’t love a good spreadsheet? At Float, we are big fans of Excel and spreadsheets, and we wouldn’t want to be without them – but that doesn’t mean they are the right tool for every job. This is particularly true when it comes to managing your cash, which is key to every business: available […]
Xerocon London 2013
We are just back from our first Xerocon in London – and we are impressed! It really was a great conference, attended by more than 450 delegates and 22 exhibitors. It was great to meet and share stories with other fantastic add-on partners like Fathom, Vend, Deputy and ReceiptBank who are playing a significant […]