Setting Budgets


Budgets in Float are like placeholders for cash that might come into or leave the business, allowing you to build up a picture of how the future might look.

Your forecast is built with your budgets 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. 

Set your budgets

Click into a cell and a popover modal 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 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.


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