Float Reviews

User Rating

4.6/5 (Based on 44 Ratings)

Rating Distribution

Excellent
65.9%
Very Good
29.5%
Average
2.3%
Poor
0%
Terrible
2.3%

User Sentiments

Seamless Xero Integration, Intuitive User Interface, Comprehensive Cash Flow Forecasting, Effective Scenario Planning

Limited Scenario Layers, Lack of Multi-Bank Account Support, Delayed Customer Support, Occasional Issues with Data Accuracy

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Review Summary

User reviews of Float Cash Flow Forecasting app are overwhelmingly positive, praising its intuitive interface, seamless integration with accounting software like Xero and QuickBooks, and powerful scenario planning tools. Users find Float invaluable for gaining a clear understanding of their cash flow, forecasting future financial health, and making informed business decisions. While some reviewers mention a learning curve, most highlight the time-saving benefits compared to spreadsheets. A few users express concerns about limited historical data and the lack of a tool for chasing overdue invoices. Overall, Float receives high marks for its ease of use, powerful features, and improved financial visibility.

Pros

Provides accurate cash flow forecasting, saving time and effort compared to spreadsheets.
Integrates seamlessly with accounting software like Xero, automates data updates and provides a realtime view of finances.
Enables scenario planning for different business decisions, allowing for informed financial decisionmaking.

Cons

Limited historical data availability, restricting longterm analysis.
The cost can be higher than other accounting software.
May require a learning curve for new users to fully understand and utilize its features.

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Reviews

centralcrafts.com

February 13, 2024 Source: Trustpilot.com

immediately knew this was the one...

I tried a bunch of cash flow apps and it was immediatley clear that this is the one, head and shoulders. It just pulled all the right data, minimal setup - up and running in moments. Although there’s surely stuff to learn, with no effort I already had the first few months broadly forecast in 10 minutes, now that’s pod racing !!

Dom Robinson

November 21, 2023 Source: Trustpilot.com

Wish i had had this years ago

Wish i had had this years ago. It makes day to day forecasting so straightforward. Yes, you can spend weeks building your own models in spreadsheets, but with Float you don’t have to, and neither do you have the doubt that there is a ‘nit’ in the calculation. I trust this product with two businesses i run now. A time / life saver.

Simon

September 30, 2023 Source: Trustpilot.com

Really handy software

It's a great tool, and it makes 'hypothetical' scenario planning super easy. Looking forward to the VAT/no-VAT toggle ;)

Vergie

October 16, 2021 Source: Financesonline.com

Float is one of the most interesting and competitive products meant for businesses. I’m glad that it helps us manage and solve all of our cash flow issues.

PROS: One of the best things that I like about Float is its ability to connect with my other accounting applications that keep the entire platform automatically updated. This saves me a lot of time uploading reports rather than doing it manually. When I first tried out Float, everything went smoothly. It only took me a few minutes to install the software to multiple computers here in the office. I like Float so much because of its capability to forecast future revenue. Plus, it is also capable of giving me sample scenarios like hiring someone, giving out annual increases, bonuses, or implementing a price increase on our products. The output serves as my guide in making the best choices to ensure that it will be a win-win situation for the clients and the company.

CONS: The application is supposed to help me foresee any negative scenarios that can cause us to lose money. However, I am not seeing this feature despite using the software for quite some time already.

Vergie

October 16, 2021 Source: Financesonline.com

Float is one of the most interesting and competitive products meant for businesses. I'm glad that it helps us manage and solve all of our cash flow issues.

PROS & CONS

What are the best aspects of this product?

One of the best things that I like about Float is its ability to connect with my other accounting applications that keep the entire platform automatically updated. This saves me a lot of time uploading reports rather than doing it manually. When I first tried out Float, everything went smoothly. It only took me a few minutes to install the software to multiple computers here in the office. I like Float so much because of its capability to forecast future revenue. Plus, it is also capable of giving me sample scenarios like hiring someone, giving out annual increases, bonuses, or implementing a price increase on our products. The output serves as my guide in making the best choices to ensure that it will be a win-win situation for the clients and the company.

What aspects are problematic or could work better?

The application is supposed to help me foresee any negative scenarios that can cause us to lose money. However, I am not seeing this feature despite using the software for quite some time already.

What specific problems in your company were solved by this product?

Without the help of software, I am forced to do things manually, so I always feel too tired after doing some tasks, including updating our online reports. With Float, I can now prepare proposals in pdf formats and send them to other company officers for their budget approval on specific projects. Other employees rely on Float to get a more precise projection of our business profits, which is always considered as a smart move. Doing this means that they no longer have to access our accounting software to gather figures and other data because all of these can be done through Float.

Are you a current user of this product?

Laura

October 3, 2021 Source: Financesonline.com

It takes away all my cashflow issues because everything is transparent and up-to-date. I can even sleep peacefully at night. Thanks to the Float app.

PROS: I appreciate the way Float works in our company. It's swift, systematic, and accurate, especially when managing our budget and cash flow. We integrated Float with our existing accounting platform. We started noticing fewer errors or discrepancies on our excel sheets, which, for me, is a job well done. Lastly, I am thankful to Float because it allows us to create a specific scenario that helps us decide our next steps.

CONS: If you are running multiple businesses, I suggest that you purchase individual plans. Float doesn't allow combining cash flows from two or more enterprises.

Ewan O

August 5, 2021 Source: G2.com

Allows us to quickly and easily prepare short-term cash flows as well as plan for longer term

What do you like best about Float Cash Flow Forecasting?

Saves a huge amount of time compared to using spreadsheets. Although there is a built in forecasting tool within Xero, it is quite limited and does not have anything like the functionality of Float. While we only use the scenario planning tool as and when required, it is very quick and easy to use compared to any other method and allows multiple variables to be tested with ease. Customer support and advice has always been excellent and I have found their team to be very active in seeking feedback on their product and then taking this onboard for future improvements to the app.

What do you dislike about Float Cash Flow Forecasting?

Float does require you to always keep your accounting software reconcilied and up to date to allow it to forecast properly. This is obviously not a fault of Float and indeed should encourage good behaviour but with Xero dragging its heals on direct bank feeds to a lot of banks, this is perhaps not as slick as it could be. Float is quite expensive compared to the accounting software itself, but I can easily justify this with the time saved compared to spreadsheet entries.

Recommendations to others considering Float Cash Flow Forecasting?

Make it part of your routine alongside updating Xero.

What problems is Float Cash Flow Forecasting solving and how is that benefiting you?

Keeping an eye on the short-term bank cash flows which is tricky in our industry where income is lumpy and the timings sometimes unpredictable. We also use Float to create multiple cash flow scenarios, which has been particularly useful during the recent uncertain times. As a young and growing business we use the scenario planning tool within Xero when we are considering investment in machinery, employment of more cabinet makers and in assessing likely income forecasts. We have to manage a lot of cash flow uncertainty with the timings of projects changing regularly because our work and installations generally happen at the end of larger construction and renovation projects and we are therefore at the mercy of other contractors whose work has to be completed before we get there. If we had to update spreadsheets everytime there was a change we would probably not look at it very often, but because of the automation and ease of changing forecasts we find that we are far more likely to prepare and amend the forecasts than we otherwise would have.

Jennifer A

August 5, 2021 Source: G2.com

Great cashflow forecasting software, perfect for a small business.

What do you like best about Float Cash Flow Forecasting?

I love the simplicity of the system, how it marries up perfectly with Xero, our accounting software.

What do you dislike about Float Cash Flow Forecasting?

It updates instantly, it flags invoiced and bills overdue so great as a quick overview of who needs to be paid etc, and who i need to chase.

Recommendations to others considering Float Cash Flow Forecasting?

That the information isn't as easy to download, and share with others.

What problems is Float Cash Flow Forecasting solving and how is that benefiting you?

Forecasting and planning spending activity for the business. Planning potential resource costs, versus client invoicing.

James S

August 3, 2021 Source: G2.com

Xentum Review

What do you like best about Float Cash Flow Forecasting?

No spreadsheets and formuals, it is freeing.

What do you dislike about Float Cash Flow Forecasting?

Budgeting could be more straightforward.

Recommendations to others considering Float Cash Flow Forecasting?

Small cost upfront, but the time saved is unbelievable.

What problems is Float Cash Flow Forecasting solving and how is that benefiting you?

Clare B

August 3, 2021 Source: G2.com

It lets me plan for different eventualities like adding potential costs on for more staff and how this will affect my cashflow Great tool once you've got your head around it!

What do you like best about Float Cash Flow Forecasting?

Being able to plan different scenarios based on future decisions

What do you dislike about Float Cash Flow Forecasting?

It took me quite a while to work out 'budgets' - and how to apply them for potential sales/invoices, versus ones that had happened via my Xero account

What problems is Float Cash Flow Forecasting solving and how is that benefiting you?

I am able to see very far ahead at what point my cashflow starts to suffer.

Float Reviews

User Rating

Rating Distribution

User Sentiments

Do You Use Float?

Review Summary

Pros

Cons

centralcrafts.com

Dom Robinson

Simon

Vergie

Vergie

PROS & CONS

Laura

Ewan O

Jennifer A

James S

Clare B

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