How to set up your forecast


 

Budgets entered into Float act as placeholders for cash that you expect to move, allowing you to see what the future of your business will look like, without relying on invoices and bills.

Your cash flow forecast is built with the budgets that you enter, and each day Float updates itself and pulls in the latest transactions from your accounting software, which slowly fill up your budgets. Once an actual becomes larger than the budget, Float will use the actual amount instead. Once the current month has ended, all actuals will be used instead of budgets. This ensures your forecast is as accurate as possible. 

How to set your forecasts/budgets

Click into a cell and this window appears. You'll see the various options for setting budgets initially shown on the right of the modal:

The options applicable when setting a budget are:

  • Budget amount
  • Whether the budget should be a single month for all future months
  • Budget occurrence within each month (weekly, every 2 weeks or one in the month)

 

The 'Payment on' field will update based on the frequency chosen with 'every week' and 'every 2 weeks' allowing a day of the week to be chosen, while 'every month' will be a single occurrence and will allow a specific date to be set on the budget.

You'll also see an option to 'include budget in cashflow', this allows you to remove a budget from the cash flow calculation without fully removing it from Float.

If you would like to set a budget to re-occur, you can select whether this is weekly, biweekly, monthly, quarterly or annually, as shown below.

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