Yes! Float can help you to automatically forecast your cash. Float can take actuals from your past transactions and use that data to project out budgets into the future. You can configure Float to use various timeframes for your forecasts, including last month's value, the average of the past three months, or even the average of the past six months when sufficient data is available.
Your future cash flow is made up of two types of information:
Unpaid bills and invoices
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.