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All blog posts within the 'Business' category
How do dividends work?
Dividend – a word you’ll definitely hear if you’re looking to make investments in company shares, or if you’re a limited company thinking about offering a share scheme to potential investors. But what are dividends? And how do they work? What is a dividend? A dividend is an amount of money paid out to invested […]
Data: The Key to Unlocking Your Firm’s Advisory Services
We’re delighted to welcome Yoseph West, co-founder and CEO of US-based Relay Financial to the Float blog for this special guest post. If you’ve had your CPA firm for a while, there’s a good chance you’ve explored advisory services at some level. Data shows that accounting firms who offer advisory services generate 67% more revenue […]
3 Cash Flow Graphs Every Business Should Use
Using cash flow graphs is a quick and powerful way to really get an accurate picture of the flow of cash in and out of your business. Whether you want to delve into highly granular, detailed information or more of a bird’s eye view of your cash position, cash flow graphs can help you understand […]
When Can I Afford To Take On More Employees?
Are you ready to take on a new employee? Whether it’s your first hire or you 28th, you’ll want to make sure you have enough cash in the business to cover the expense of an extra pair of hands on board. How will you know when the right time to take on a new employee […]
Do I Have Surplus Cash?
Is your business in the enviable position of having surplus cash? You’d be surprised how many business owners have no idea whether they have a little extra cash in the bank to play with. If you have more cash in the business than you need for day-to-day operations, then congratulations my friend – you have […]
What Do I Need To Break Even?
Whether you’re in the early days of running a business or your business has been significantly impacted by the coronavirus pandemic, knowing what you need to do to break even is essential to keep your business afloat. Breaking even means your total costs and total revenues are equal – your business isn’t making a loss, […]
How Do I Calculate How Much Cash Is Coming In?
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 […]
How Do I Keep Track Of My Bills?
Many business owners are concerned about a lack of money coming into their business as a result of the coronavirus pandemic and its knock-on effects. However, keeping track of money leaving your business in the form of bills is also essential to keep your cash flow as healthy as possible at this unpredictable time. So […]
How Much Can I Pay Myself?
Business owners are facing tough decisions in the current climate. Caught between retaining staff and keeping a business viable, there’s also the question of how much you can actually pay yourself. It’s no secret that a CEO that pays themselves before they pay their employees can badly affect morale. And it’s a particularly pertinent point […]
When Will I Have To Dip Into My Business Savings?
As any cash-savvy business owner will tell you, keeping some savings aside for a rainy day is an important part of looking after your business finances. Now it would appear that rainy day is, in fact, upon us. But is it time to dip into those cash reserves? And if not now, when? Understanding when […]
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… […]
How Can I Predict Cash Gaps?
The business landscape right now is possibly as unpredictable as it’s ever been. With lockdown rules changing frequently and new government announcements to keep up with, business owners are struggling to see what’s around the next corner. How can you take control of your business finances despite the uncertainty? While future cash gaps may be […]
10 Cloud Apps To Help Your Business Get Through COVID-19
Cloud apps and add-ons are revolutionising business as we know it. With coronavirus lockdowns continually looming, business owners need all the help they can get with streamlining their current services and improving ways to reach new customers. Wherever lockdowns have left your business, whether you’re still preparing to open your doors, starting to un-furlough staff […]
Expert Advice: Helping Your Agency Thrive In A Pandemic
How has agency life has changed? What are agency owners doing to keep their teams motivated? How can you keep your clients happy? And what you can do to help your agency thrive – despite the global pandemic? There’s something about Float that agency owners just love. We suspect it’s because our founder Colin came […]
Can A Business Grant Or Loan Keep You Afloat?
Seeking a business grant or loan to stay afloat has become a top priority for SMEs across the globe in the wake of the coronavirus pandemic. With many business’s cash flow forecasts indicating worrying cash gaps ahead, business owners are exploring their options to inject a much-needed cash boost into their companies in the form […]
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. Are you doing a financial hokey cokey each month, and it seems like there’s always money going out of your business before there’s money coming […]
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 […]
Here’s What You Need To Know About The Job Retention Scheme
With the Coronavirus Job Retention Scheme or ‘furlough’ scheme coming to an end in October, the UK Government has announced a plan to prevent mass job losses as businesses emerge to a post-lockdown world amidst the coronavirus pandemic. What is the Job Retention Scheme? Chancellor Rishi Sunak has unveiled plans for a Job Retention Bonus, […]
VAT Cut For The Tourism And Hospitality Sectors
On 8th July, Chancellor Rishi Sunak announced in a statement to the House of Commons plans to reduce VAT rates for hospitality and tourism businesses. The VAT reduction announcement comes as many businesses have been severely affected by the coronavirus pandemic, particularly through forced closures and post-lockdown social distancing rules. In a bid to boost […]
The End Of Furlough – What’s Next?
The Job Retention Scheme has been extended until April 2021, but what does that mean for you and your business?
Find out how to keep your business’s cash flow healthy at this uncertain time, read this article.
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 […]
How Will Making Redundancies Impact Your Cash Flow?
Choosing to make redundancies is an incredibly hard decision for any business. But with the government’s furlough scheme coming to an end and many businesses’ survival at stake, for some it is the tough reality of running a business during the coronavirus pandemic. Understanding your cash flow position can help you make these business-critical decisions […]
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 […]
The Float Accounting For Change Report
Over the last 10 years the accounting and bookkeeping industry has undergone a radical transformation. The industry has evolved significantly due to an increased use of Cloud-based apps like Float, the use of technology in compliance, and government initiatives such as Making Tax Digital. Now you can read our Accounting For Change Report – Float to […]
Why You Need A Long-Term Cash Flow Forecasting Habit
What do puppies and Float have in common? Neither are ‘just for Christmas’. And while Float can’t offer you an adorable waggy tail every time you enter the room (yet…), we can offer peace of mind that your future cash flow is under control. Recently, businesses have been scrambling to get cash flow forecasting in […]
How to Choose A New Accountant for Your Business
At Float, we work with some of the best accountants in the world. But not every accountant is right for every business. And it can be hard to know where to start when figuring out how to choose an accountant. And choosing an accountant is like hiring a new employee. You’re looking for the […]
The Power Of Combining Apps To Maximise Success For Your Business
In the UK, 50,000 small businesses fail each year due to cash flow management issues with 52% of invoices being paid late, according to Xero’s ‘Getting Paid in full and on time’ report. Delayed payments and poor forecasting are crippling small businesses around the world. However, SMBs that use Cloud technologies grew 26% faster and […]
The Best Xero Add Ons For Your Business
We have searched high and low for the best Xero add ons on the Xero marketplace, so that you don’t have to. These add ons are available for any type of business, with solutions from time-tracking software to cash flow forecasting. With more than 700 (and counting!) Xero add ons available for businesses and their […]
How To Get Paid On Time Webinar and Ebook
Getting paid on time is an issue for every business – regardless of the shape, size, or industry. Whether it’s customers that pay you late, or an overdue tax rebate, trying to get paid on time is a problem for one in five businesses. With too many consistent late-payers, your expenditure won’t be covered, which […]
How to improve your clients’ cash flow with GoCardless, Chaser and Float
We recently teamed up with our friends at GoCardless and Chaser, as well as financial adviser Mark Probert, to host a webinar all about how to help your clients improve their cash flow. Here’s the recording!
Top Five Apps for QuickBooks Online
We’ve hunted high and low for the top apps on the QuickBooks App Marketplace to bring you solutions for everything from time-tracking to cash flow forecasting. Check out our list of apps below to find out what they can do for you and your business. TSheets – Time-tracking TSheets is the time-tracking app that will […]