More often than not, when I start to work with a new client I’ll begin by doing a review of where they are with their business finances. You might think that’s the obvious place to start and you’re right. But at the same time I’m always a tad concerned at how little some business owners know about what’s going on in their accounts.
OK yes, they’ve finally made a great decision by in calling the Enso team, but I often wonder how some firms have progressed so far on such inadequate business information.
In the modern age with the world moving so quickly and with huge issues looming on the political horizon, it’s vital business owners have up to date information. Only by knowing how their company is performing at any given time does it allow them to make smart tactical decisions and head off issues at the pass.
One of the essential financial measures is cash flow or the ebbs and flows of cash in the business that affect its ongoing liquidity. In short, does the company have enough money to continue trading?
Failure to manage cash flows is always a recipe for disaster as many a failed entrepreneur will confirm.
So let me tell you about Float.
Cash Flow Tamed
The problem with tracking cash flow is its complexity and volatility. Good cash flow today can rapidly transform into a financial emergency by the end of the week. There are numerous cogs and wheels at work, and accurate cash flow accounting needs many parts of the business to be in synch.
Happily, there’s Float to help bail you out.
Float is a subscription software that takes the hard work out of cash flow analysis. By integrating it with your accounting software, it starts to break down your ongoing cash flow into easy to understand reports.
And yes, it integrates seamlessly with Xero which is just one more reason to love it.
Once implemented, Float automatically tracks your bills, invoices, and actuals against the budgets you set. You can see your ongoing position with debtors and creditors. You’ll understand bill schedules and potential shortfalls before they cause you pain. Float offers powerful insights into your finances whenever you need to know (which should be often).
You’ll always know your current position. From there, you can forecast for the future and, see where you may need to make changes to keep your cash flow healthy.
One comment from the Float team I particularly like is it ‘sometimes answers questions you didn’t know you had’!
How useful is that?
Get Float On Board
Float is another excellent example of finance tech’ making business life more manageable. And be in no doubt, there are few things more worthy of your attention than cash flow.
It’s probably true to say that your monthly Float subscription at whichever level you choose will more than pay for itself from the moment you press ‘go!’ I recommend it to my clients unreservedly.
If this useful tech’ looks like it’ll float your boat then why not call my team today on 07792 686479 or email me at firstname.lastname@example.org and let’s talk about how you can use Float to get to grips with your cash flow and ensure your business can ride the waves of success for many years to come.