Float Cash Flow

Vorteile

Float easily integrates with Xero, allows you to easily configure which banks get synced for display purposes, and provides excellent insight into the sources of cash and also where cash is being spent.

The invoices due and bills to pay reports are an easy way to access overdue bills and invoices without clicking through the accounting system.

This is ideal for anyone who wants to get an idea of their cash flow history and projections.

Nachteile

The product would be infinitely better if it supported multi-currency accounts, especially with more businesses holding more than 1 currency. Currently, details on cash is based on GL accounts. It might be way more usable if it gave us the option to view this from a customer/vendor name perspective, since we plan our cash flow on that basis, rather than by the GL account.

The concept with this program is so excellent, and I am holding out on new features being released that totally eliminate the need for other products (such as Excel) for tracking and projecting cash flow. If Float can make that leap, it'll easily be the #1 cash flow app.

Vorteile

Float is so easy to use for us, but also for our client. It helps our clients keep on track of their cash flow forecasting easier than before as it's so easy to understand whilst being very granular.

Nachteile

If it could go beyond and produce projected profit and loss and balance sheet.

Vorteile

I love how easily Float links in with the other software I use, it also makes looking at different scenarios with comparisons easy.

Nachteile

I think there are some more indepth functions that could be introduced that allow the user to have more control over how the information is displayed.
Such as being able to see purchase orders,
Being able to sort the 'Daily Breakdown' into categories.
Also, it would be really helpful to have a function that shows your current balance less bills that are due, the current display shows the balance at the start of the day with bills that have been paid as still showing due.

Vorteile

Option of manual link-up to Xero so forecast can reflect Xero updates immediately.
Ability to run multiple scenarios so clients can see the impact of making different business choices on the cashflow.

Nachteile

It would be useful to be able do s/s upload of scenario budgets - can currently only do for the main forecast I think.

Vorteile

Super-easy to set up and sync to Xero, and to import or directly input budgets. 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. Also allows you move & group cash in/out categories

Nachteile

Other than charts, outputs are limited to CSV files so not that easy/quick to manipulate offline, and have to do all your own formulas & formatting, etc.

I understand they’re working on Excel downloads - soon I hope!

Vorteile

I really like integration between Float and Xero accounting tool, updates are reflected immediately. It is easy to use and understand.

Nachteile

Even when you can have different scenarios you just are able to compare against the last month, last 3 months and last 6 months, it would be better if you can select a custom view.

Vorteile

Super easy to use and figure out. Took almost no time at all to start implementing it in the workplace. It also makes it really easy to manage others - you can pass tasks from one person to the other, postpone them easily, and see at a glance whether someone is overbooked.

Nachteile

The capabilities are a little limited. While it can help you track workflow and task progression, it doesn't grant you a lot of flexibility in storing info about clients, setting due dates, etc.

Vorteile

Ease of use, clarity of information. Focus.

Nachteile

Nothing in particular.

Vorteile

The ease of integration with Xero is simple and over the past couple years the software has become easier to configure and setup. Jump in and go!

Nachteile

There is always room for improvement, and the support staff listen. Currently there is nothing that "must" be done besides never stopping the innovation.

Vorteile

what I like the most is its integration with quickbooks and how easy it is to see the arrears with payments to suppliers as well as customer charges, it makes us see that attack immediately and also allows us to see the details of the transactions when we click on a transaction in the cash flow

Nachteile

what I like the least is what it takes updating by giving it the refresh button, I think it's a slow nose if it is for the data handled but I would like it to be faster

Vorteile

The integration with Quick Books on line is very useful

Nachteile

I find the system to be very helpful in presenting the information you need but as yet I have not been able to understand the reports which it is generating. If you wish to print and send cash flow information to someone else you can but you can not have your company logo shown on the report but by default you can have the Float logo shown! The promo information says you can have this up and running within the day, which maybe you can but I don't think that I would want to reply on its data. It takes time to check the data is correct and even the if the correct information is recorded within Quick Books in the correct place. I have never used anything like this before and I found it hard work, the videos they have do show you how to do things but when you don't know what you need to do or what you need to know it take a little time to fully understand what and how to do it. The videos on you tube are helpful but when you are trying to understand what and how to do something I found the speed and the single tone of the lady talking was just way to fast and boring for a new starter to understand. When you understand a little more its still boring but you can understand better what she is now saying. In this time of covid 19 I feel the cash flow display is way to long its showing 20 months and I only want it to show 6, maybe it does it but I can find how to shorten it. At this time I have given up on the reporting section maybe I will come back to it later.

Vorteile

Works great for short to medium term cashflow management and the integration with both Xero and FreeAgent is good. Easy to use and provides us with very intelligent data.

Nachteile

Takes a bit of management and doesn't always do everything you want - not so useful for long term cashflow projections but has become an invaluable tool for us. Small issues.

Vorteile

Easy to use, also gives you the chance to create scenarios and most important can predict the cash movement. You can even add companies

Nachteile

Its not multilanguage and multicurrency, you can add companies but cant be useful if having companies in different countries

Vorteile

Float cash flow is easy to use and understand as it isn't complex hence making planning for cashflow easier and the customer service is highly responsive

Nachteile

Other then being somehow expensive it is cheaper then doing calculations manually interms of time and accuracy

Vorteile

I mainly use Float for its forecasting or “what if” scenarios feature. Float is one of the software that offers this feature. It is a feature that most f of our clients looks forward to. Float can also integrate well with QuickBook and Xero, another accounting software my team and I use. The software together is seamless.

Nachteile

The inability to use more than one type of currency is a difficulty most of the times. But it is all tolerable, given the feature of the software.

Vorteile

The ability to be Agile with my financial modelling, to allow me to make tactical decisions, without violating strategic objectives.

Nachteile

If I had to say, it would be price. The tool is probably of most use to SME's and the entry price point should be more like £20 / month

Vorteile

The sync with Xero means I don't need to worry about losing transactions, and can quickly compare forecast with actuals.
The scenarios tool enables me to examine whatif for any ledger/ sales or expense.
The weekly email tells you how much cash you have in the business too.

Nachteile

It's a little fun to setup, but you only have to do that once. Tweeking the budget is easy.
Perhaps an app.

Vorteile

I like how Float integrates seamlessly with Xero Accounting Software. It was relatively easy to set up for each client compared to other cash flow software apps on the market.

Nachteile

I dont have any dislikes at the moment with the software

Vorteile

Float is easy to use and not overly complex making it easy for clients to understand.
The integrations with accounting software such as Xero ensures it is kept up to date and makes cashflow planning a relatively quick and a regular task - which is key to managing finances.
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.

Nachteile

It would be useful to have a multi currency feature

Vorteile

It is very easy to use and integrates very well with Xero.

Nachteile

It would be good to allow:
- Scenario layers to be used as a base layer for a second scenario that is a variation of the first scenario.
- PDF exports from the cash flow and daily breakdown pages that retain the page format.

Vorteile

It saves time. As compare to forcasting with spreadsheets like old methods, float cash flow is very easy and time saver. it is an easy way to track cash flow. that's the software what i was looking for.

Nachteile

So far my experience with this program have been great, no negative things have seen.

Vorteile

The integration directly with Xero. This allows us to see our cash flow forecasting move as soon as an invoice or bill is entered

Nachteile

Its a bit expensive but cheaper than the time needed to calculate manually. Adding new budget items is a little confusing

Vorteile

Float focuses more on budget management and financial reporting. Our team uses it specifically for that. Because it is non-complex, it does not experience much lag time. It works fast and efficiently. Saves our team a lot of time rather than manually calculating budgets for supplies or manually creating financial reports. It is simple and helpful.

Nachteile

Supports one type of currency only. Although multi-currency is rarely done in our company, there are still exchanges that are multi-currency.

Vorteile

Integrates well with Xero, our accounting software. You can create budgets and scenarios for different accounts from your GL. Very useful in that capacity but beyond that there is not much to the tool. Navigating around is not bad.

Nachteile

Historical graphs show actuals, not a great way to see variance. And forecast planning based on numbers not per headcount or any other fancier features. But for the price point this is a straightforward great tool.

Vorteile

Once everything is synced up with your accounting software, Float gives a really quick and easy cash flow forecast when we need it. It's the kind of service I've wished existed for many years now.

Nachteile

I've found it a little confusing getting to grips with budgets vs actual forecasts... some aspects of the interface could be a little clearer. It's also a little frustrating being limited on editing the expense categories

Vorteile

I came across Float at Xerocon 2019. I was actively seeking a cashflow App that was easy to set up, use and maintain. I had tried Apps that were more feature-rich but for my clients simplicity and easy of use was their priority. Float fits the bill. I have now been using it on a daily basis with clients for over 2 months and find it does a great job. The clients love it. I will be implementing Float as part of my essential App Stack - Hubdoc-Xero-Float.

Nachteile

So far I have had a positive experience with Float. If there was one area that I think further work can be done it would be the ability to mix scenarios to evaluate how they would affect future cashflows.

Vorteile

You feel more in control of your cashflow and your business hence.

Nachteile

It does a lot but can get complicated to understand. And for a small business like mine a bit too high price wise. But went for it anyway for all the pros.

Vorteile

Float was really easy to set up and it took less than a day to get it all up and running. It integrated with Xero seamlessly and from the moment I signed up on the free trial I received access to a heap of helpful set up videos and access to useful webinars.

It is not time consuming to prepare multiple scenario's and I love the confidence I have in the accuracy of the projections due to it being integrated with Xero vs running off a spreadsheet.

Nachteile

Yet to find a function I don't like.

As a small not for profit organisation the price point is at the upper end for us but do appreciate the value of the product.

Vorteile

- Easy to set up and use
- Xero integration
- basic scenario planning
- Complex, but not complicated
- Uses direct method

Nachteile

- Could do with a good mobile view - the current one is very frustrating (I don't need an app, but a great mobile view would be high on my list)

Vorteile

This is a great tool to know my schedule, to know my co-workers schedule

Nachteile

There is nothing I don't like at this moment.

Vorteile

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.

Nachteile

The one function I would love to have in Float is to be able to change the date of budget project to the next month without having to delete the budget in one month and enter to the next when our projects are prolonged to another month.

Vorteile

Good layout, good features, simple to understand layout, flexible

Nachteile

Not able to enter formulas or percentage calculations when entering budget figures

Vorteile

Float seamlessly integrated into Xero so we could classify our chart of account codes into Groups and sub-groups for better analysis of cash in and out.
Focused our attention on realistic cash receipt dates.
Allow us to analyse past expenditures and set future dates for large annual outgoing expenses (no forgetting or surprises!!)

Nachteile

Its a small gripe but the sync scheduler could be more flexible (hourly v daily) for companies with a lot of transactions.

Vorteile

Ease of setting a forecast - makes it very easy to see in a format that is easy to read

Nachteile

Difficulty of editing fields & make accruals for future payments. Also, if you have over forecasted something, the difference rolls into the next month which is often not accurate.

Vorteile

The integration with Xero was seamless, with lot's of helpful advice on how to get the best out of the cashflow projections.

Nachteile

Nothing of note as yet, the setup & forecasting has been really simple.

Vorteile

We can overlay cash flows for ease of viewing upcoming months and forecasts of scenarios. with ability to edit

Nachteile

cannot really think of anything. As I cannot think of anything it is impracticable for me to put much else

Vorteile

Simplicity, functionality, Xero integration.

Nachteile

The nightmares it gives me over the years I spent trying to maintain cashflow data on cumbersome excel spreadsheets that were already out of date by the time I had updated them :(

Vorteile

User friendly and easy to understand. Logical layout for the everyday business person.

Nachteile

Would be could to pull in a 3 way budget if required . An upgraded version of the product.
Needs to integrate with myob, as this accounting platform is still used by a lot of larger construction companies who need cash flow advice.

Vorteile

Its very simple to understand, very friendly. It welcomes non financial users to use it. I've been using it for a couple of months and I feel very happy with it.

Nachteile

Sometimes it runs a bit slow and freezes. It wont let you handle more than one currency. It does not send alerts for expired invoices only for software updates.

Vorteile

Fantastic for forecasting cashflow and it's integration with freeagent makes the experience seamless

Nachteile

Few features could be added which would make the details a little better, but know they're on the roadmap

Vorteile

- amazingly simple to use
- instant accurate cashflow and runway
- so much better that the spreadsheets we used to use
- allows us to model different scenarios

Nachteile

There isn't much to dislike - it's a great bit of software

Vorteile

The timeline feature is all we need with forecasting. Other cashflow forecasting software I have tried looks good and has plenty of information but I have found Float to have the best forecasting.

Nachteile

I dont think it imports the Xero Budget.

Vorteile

The ease of use once the extremely helpful support stepped in and dug me out of the very deep mess I had made!

Nachteile

I have not found any shortcomings or problems yet

Vorteile

Float gives you a visualized look of how your cashflow will be like throughout the year.

Nachteile

Float gives you the option to play around with expected payment dates on your bills thereby giving you room to play around with your cash flow.

Vorteile

Overall simplicity and ability to seamlessly sync with our other business software such as Xero. Well priced as well.

Nachteile

Nothing - it's pretty great. Any glitches are addressed or explained by the helpdesk team who reasons quickly.

Vorteile

The sync with accounting software is effortless.
Updating is a breeze.

Nachteile

Limited additional user controls/ permission limitations.

Vorteile

We used Excel for predicting our forecast cashflow. It was very time consuming to maintain this system. Float integrated with our bookkeeping software, Xero, made cashflow forecasting very easy!
Excel-like functionality in the browser makes editing easy. The single-page view for an overview is great.

Nachteile

No Excel-like bulk-edit for scenarios except base!

Vorteile

Ease of use
Direct integration with accounting and bookkeeping software!

Nachteile

Slightly expensive for basic or start-up businesses - perhaps a reduced functionality package that's a bit more affordable?

Vorteile

Visualizing the cashflow of the business and the integration with Xero

Nachteile

The only negative so far is the Monthly cost, it is expensive

Vorteile

Float is easy to use and provides practical and simple information that enables us to really plan our cashflow - it takes away a huge pain point of Xero.

Nachteile

Float takes some getting used to as there's not a complete integration out of the box, and requires some customisation to remove certain non-cashflow related expenses.