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Does Float automatically forecast for me?
Does Float automatically forecast for me?
Jane Gilhooly avatar
Written by Jane Gilhooly
Updated over a week ago

Yes! Float can help you to automatically forecast your cash.

Float can take an average of your past three months' of actuals and use that data to project out budgets into the future. 

Your future cash flow is made up of two types of information: 

  1. Unpaid bills and invoices  

  2. Other operational forecasts

Float automatically pulls through all open bills and invoices from your accounting software and projects when that cash will move in and out of your business.

However, we do not have visibility into other operational information, so if you have future transactions that are not captured as a bill or an invoice, you need to enter them into Float manually in order to generate an accurate forecast.

Some items that you may need to forecast manually include:

  • Sales forecasts

  • Rent

  • Payroll

  • Tax

Once you have created your complete forecast, Float will automatically update it with actual transactions, ensuring that nothing is double counted and that you always have an accurate starting point for your forecast.

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