When business owners are stressed, money is almost always to blame. Float is a web-based application that aims to quell some of those concerns, providing small businesses with tools for financial forecasting, budgeting, and cash flow management.
Float can provide you with answers to questions like how much cash you have available right now, how much cash you’ll have in the bank next month, and what will happen to your finances if a client payment arrives late. Whereas it can take hours to make these calculations on a spreadsheet, Float’s forecasting tools provide you with the answers you need in just seconds. Connect Float to your accounting software, and you’ll immediately begin pulling all the transactions coming in and going out of your accounts into Float. Next, set up simple budgets based on previous spending patterns. Each time a bill payment or transaction goes through, your budgets will be updated.
Although Float’s cash flow management tools are impressive, it’s the application’s forecasting module that really stands out. Users can explore “scenarios,” like what will happen to their finances if sales increase or a new employee is hired. With each scenario, the business can see exactly the level of cash that will be accessible at any point in time. For business owners who want more financial peace of mind, Float is an application that serves a useful purpose.
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