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Float Cash Flow Forecasting Reviews And Pricing

March 16, 2021
Bill Kimball

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PlanGuru allows small/mid-size businesses, non-profits, and business advisors to easily budget, forecast, and plan for the future. Float will give you an accurate picture of your past, current, and future cash flow so you can plan for the what-ifs, make more informed decisions, and unlock a brighter future for your business. Especially when 82% of companies that go out of business do so because of poor cash flow visibility and management. Use a cash flow forecast to get an accurate view of your future cash. Immediately see if you’re headed for the red with Float’s visual cash flow graph.

float xero

Colin is CEO and co-founder of Float which was launched in 2012. Float has deep integration with accounting software and provides powerful cashflow forecasting and scenario planning tools.

More Questions? ~ Support@floatapp Com

The startup’s first fundraise, this round will enable the company to open a new office in Australia, perfect its product, and expand in the sector. This product is primarily for entrepreneurs of project-based businesses and freelancers. It is used to project cash flow based on the projects that have been scheduled, project expenses, and fixed expenses, and help you measure your progress versus financial goals. Main user of this software are accountants and bookkeepers in small and medium-sized businesses across all industries. “The ability to forecast easily for different scenarios is a very useful feature that allows a business to easily see the impact of making changes.”

float xero

Float gives you a clear, precise view of what’s happening with your business’s cash today , based on real-time information. Make informed decisions on the future of your business based on the cash you’ll actually have in the bank. You can update expected payment dates on bills and invoices; deciding which debtors to chase and which bills to postpone in order to stay in the black. As a Xero integrated app, Float is perfect for running a small business. Float, an Edinburgh-based cash flow service for Xero, QuickBooks Online and FreeAgent, has raised a £1.5 million seed round led by Marchmont Ventures.

We pull in all information on bills, invoices and bank transactions and combine them with your own projections to provide you with a forecast you can rely on. Xero has a basic cash flow forecasting tool, but if you want to create a forecast that’s going to empower you to make business decisions, you need to go with a tool like Float to get a more detailed picture. From scenario planning to exportable insights, Float gives you a real-time, granular view of your cash position and future. Dryrun is also a world-class sales forecasting tool that augments your cash flow and budget projections. The unprecedented manual control and data entry features are paired with powerful integrations from Xero, QuickBooks Online and Pipedrive. Users are able to set budgets and view both short-term and long-term cash flow projections.

Easily Plan For Your Ideal Future

Float has developed a highly accurate cash flow forecasting and budgeting SaaS for small to medium-sized businesses and accounting firms. Users can check their cash status in real-time, which informs reporting, decision making and planning.

While both apps are strong contenders for cash flow, each approaches the process from a different perspective. Float is an award-winning cash flow forecasting, cash budgeting and cash management tool exclusively for use with Xero, QuickBooks Online or FreeAgent. View your cash flow on a daily, weekly and monthly basis, scenario plan at the click of a button and forecast up to 3 years into the future! Because Float reads amounts and expected dates on every bill and invoice, you get granular, actionable insights into your cash flow, that you can then share with your bank, investor or board. Float seamlessly integrates with Xero to give you a powerful, easy-to-use tool that provides an accurate view of your future bank balance. Build your Xero cash flow forecast in minutes, and never look back.

The possible impact of those decisions and plans can be gauged through Float’s “what-if scenarios” tool. Forecasting in Float is visual, accurate and intuitive, taking a fraction of the time compared to spreadsheets. Our daily sync with your accounting software means manually updating your forecast is a thing of the past.

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This helps you keep your weekly or monthly cash flow forecast on track. Float cash flow for Xero automatically syncs with Xero to keep your forecast up-to-date with a live, rolling picture of your cash. Which means you can spend more time planning for the future and less time worrying about your finances.

“Easy & really helpful basis to review and amend bill/invoice dates for cashflows. Scenario planning and comparisons very helpful, and the output from those in charts etc great for presentation.” We help finance automate processes to accelerate the time it takes to turn insights into action. The result is a company that is nimble and efficient, regardless of size or complexity. “Float has been an essential tool for us to manage our daily, weekly and longer term predictions.” Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. It is mandatory to procure user consent prior to running these cookies on your website.

float xero

There are so many Xero add ons and apps it can be hard to work out which ones to use. Luckily, we’ve done the hard work for you – read our article on the best Xero add ons for your business and discover the latest Xero connected apps. If you’re new to Xero, our article on How To Use Xero will help you get started using the software. Remember, our friendly support team is always on hand to help out too. Float automatically imports your Xero data every 24 hours, updating forecasts with payments that are due and ones you’ve paid.

The app is popular with project-based businesses, where large bills and invoices can have a huge impact on cash flow. Highly future-focused, Dryrun is a financial forecasting tool that handles cash flow, budget and sales projections offering a 360º view. FuelGauge is an agile, easy-to-use, cloud-based cash forecasting software created BY a small business owner, FOR owners of small, project-based businesses. Float services small businesses that require reporting on their financial processes and cash flow. Float allows customers to view cash flow on a daily, weekly and monthly basis and compare a scenario in a forecast of an alternative data point. Float imports invoices, bills, payments, and other transactions, as well as automatically linking to your business bank account.

  • Colin is CEO and co-founder of Float which was launched in 2012.
  • Float offers integrations with Xero, QuickBooks Online and FreeAgent in order to display live data from your accounting tools.
  • Accountant tools, Reporting Fathom 217 Accountant tools, Reporting Beautiful reporting starts here.
  • Finance and FP&A teams who are still using spreadsheets for budgeting and forecasting, but need an affordable solution to solve for broken links, data integrity issues, and version control errors.

If you integrate with Xero and are looking to set up cash management, you must follow these steps here. If you do not map the correct account codes in the Vend – Xero mappings page, cash movements will not flow through to Xero. You can send your time tracking hours back to WorkflowMax time sheets by checking the appropriate box within your integration settings. Task hours for time tracking are based on the last hour setting used on the Log Time page (rather than the person’s maximum work hours for the day). As with scheduled tasks, you can easily adjust the time after dropping it onto the page.

Float Raises £1 5 Million Seed For Cash Flow Forecasting Saas, New Office In Sydney

Prophix enables more than 3000 companies, of all sizes and in every industry, to automate and integrate their budgeting, forecasting, reporting, and planning. Accounting and budgeting solution that helps businesses across all vertical markets and with over $300M in annual sales or 500+ employees streamline operations. “I love Float. The insight it gives into cash flow is invaluable.” Run scenarios based on your current and future cash position to see what could happen if you make a hire, lose a client, increase expenses, receive a late payment, or pay that big bill. Float is intuitive to use, but if you’d like a little extra guidance in setting up your cash flow statement, sign up to one of our training webinars and we’ll help you get started.

Compare real user opinions on the pros and cons to make more informed decisions. “What I like most about this software is how easy it is to use, even if you are not a professional accountant or bookkeeper. I also find the Scenario layers very helpful.”