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 […]
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 […]
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 […]
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 […]
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 […]
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… […]
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 […]
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 […]
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 […]
Here at Float, we know that your cash flow doesn’t always run like clockwork. Money moves in and out of your business all the time and, sometimes, a single monthly budget amount just isn’t accurate enough. That’s why we’ve made forecasting in Float more flexible and accurate than ever with Multi-budgets. In a nutshell, Multi-budgets […]
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 […]
Wondering why your cash flow forecast looks off? Or how that overdue bill snuck up on you and put you in a bind? Or ever just logged in to Float and wondered ‘where do I start’? You’re not alone. That’s why we’ve released notifications within Float to let you know when you’ve got overdue bills […]
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 […]
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. […]
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 […]
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 […]
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 […]
