What is Float?
Float cash flow forecasting provides businesses and their advisors with cash flow forecasts that are highly visual, accurate, and take a fraction of the time to prepare compared to spreadsheets. Business owners are able to easily understand and use Float to predict the cash future of their business, no accounting background necessary. Our daily sync with Xero, QuickBooks Online and FreeAgent means that all of your data is pulled through to populate your forecasts, helping you spot cash fluctuations in advance and have confidence in your future plans.
How does it work?
Float updates your expectations with actuals every day. Simply enter your cash forecasts for what you expect to happen each month, and Float will keep these updated every 24 hours with reconciled bills, invoices and transactions from your accounting software, so you can track your budget vs. actuals automatically.
In Float, you can set ‘expected’ payment dates on upcoming invoices and bills that can be different from the official due date, making your forecast a true reflection of your cash position. You can also easily create ‘scenarios’ for your future plans to see what you can afford. Faster and simpler than Excel. Plus it never goes out of date!
Colin Hewitt is the CEO and co-founder of Float, a Scotland based cash flow forecasting add-on for QuickBooks Online.
After running his own agency and struggling to produce cash flow forecasts in a spreadsheet, Colin founded Float. Now he and his team are on a mission to help small businesses understand their numbers and produce accurate forecasts in a fraction of the time compared to spreadsheets.
Colin lives in Edinburgh, Scotland, with his wife and their three children.
Float cash flow forecasting provides businesses and their advisors with cash flow forecasts that are highly visual, accurate, and take a fraction of the time to prepare compared to spreadsheets. Business owners are able to easily understand and use Float to predict the cash future of their business, no accounting background necessary. Our daily sync with Xero and QBO means that all of your data is pulled through to populate your forecasts, helping you spot cash fluctuations in advance and have confidence in your future plans.
Using the direct method of cash flow forecasting, we provide businesses with accurate, always up-to-date operational cash flow forecasts that they can rely on for short to medium term planning.
Comparing Float to forecasting in a spreadsheet, Float’s visual interface brings cash flow to life with interactive, eye-catching graphs. Thanks to our sync with Xero, QBO and FreeAgent, we save businesses an average of 8 hours every month as we automatically import actuals every 24 hours.
Float cuts out the need for manual data entry meaning forecasts are easier to produce, more accurate than spreadsheets, and can be used by businesses to confidently make informed decisions.
Colin Hewitt – CEO
