Auto payroll defaults to impacting the cash flow on the 31st or last day of the month.

This date can now be updated to be any day within the month.

We are announcing 2 updates to linked budgets.

• Date offset
• Improved previews

Date offset

We know not all incomes and costs occur at the same time. When creating a linked budget you can choose to offset it from the source budget.

This is useful in situations where a cost may be incurred before a sale happens, e.g. buying stock in advance, or where a cost occurs after a sale happens, e.g. commission paid 60 days after the sale.

If you have existing linked budgets you would like to update, click them to edit and the offset option will be available.

Improved previews

When creating a linked budget, the preview now shows the first 3 months' values, giving you a sense check that these figures match up with expectations.
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When creating a linked budget the graph preview will display the expected balance, so you can understand the impact of the new budget before saving it to the cash flow (this also works for other types of budgets).

Minor improvement to the Daily View: if you set a date, it will remain the same between sessions on the same browser.

We’re excited to announce Linked Budgets, a major – and highly requested – update to the Float product.

Linked budgets
Linked budgets allow you to model incomes or costs based on other figures in the cash flow.

Creating a linked budget allows you to use another income/cost, or a collection of incomes and costs, as a source. The linked budget is set as a percentage of the source and will occur on the same date and repeating schedule in the cash flow.

Automatic updating
When you change one of the source incomes/costs, the linked budgets will automatically update and stay in sync.

For example, if COGS is 10% of Sales, creating a linked budget means that whenever the Sales figure is changed the COGS cost will automatically update to reflect 10% of the new Sales figure.

Quick changes
If a cost changes from 10% to 20%, quickly update the linked budget and all future values will update. No need to individually change each future value.

This also allows for potential changes to be modelled without having to create a whole new scenario.

To start with, linked budgets will be available on the ‘Base’ scenario in the cash flow. Also, linked budgets can't be used as the source for other linked budgets.

We’re delighted to relaunch increasing/decreasing income and costs with an exciting change: they’ll now calculate in perpetuity, ensuring every time you come back to Float there will be less work to do.

Here’s how it behaves:

• Increasing amounts continue to be calculated until the budget end date (if there is one) or in perpetuity if ‘never’ is selected
• Decreasing budgets will eventually hit zero and when that happens, it will continue to show ‘0’ until edited
• You can set a monetary amount, or a percentage.

New increasing and decreasing incomes & costs are not backwards compatible with the older style. We’re recommending customers recreate budgets if they want to take advantage of these time-saving changes.

If you have any questions or product feedback, please send us a message.

Continuous budgets solve the problem of budgets not updating if they’re set beyond the end of cash flow.

Now, when you return to Float and a new month has rolled around, budgets that were set into the future will automatically be updated. For example, if the end of the cash flow is in 6 months, and you create a monthly cost that runs for 12 months, when month 7 rolls into view, the value will automatically be there.

It reduces the amount of work you need to do to keep your cash flow updated. The schedule can be updated within the budget itself.

Any new budgets will automatically behave continuously unless a specific end date is added.

Update existing incomes & costs to behave this way by clicking on the budget and updating using the controls. Check out our help guide for more information.

Float's excited to announce our new Forecast confidence module, which shows in realtime the health of your cash flow in a simple and easy to understand way. No more wondering "how confident can I be in my cash flow?"

Float's goal is to empower you to make confident financial decisions, so every time you log in, it should be obvious what decisions you can take.

We'd love your feedback to help refine the module, so please send all feedback our way.

We've released a few changes around the main cash flow graph.

1. Months in the graph aligned with the month columns

Easily scan the table with the month on the graph displayed above the relevant column in the table.

2. Threshold value displayed on the graph

Easily see when you drop below your threshold. The graph will shade red when dropping below the threshold value. The example below shows a threshold of 5,000.

3. Bank balance and threshold relocated

See more of your cash flow with these tiles being set alongside the graph. The unreconciled amount is also merged into the bank balance tile. For example, the unreconciled amount is shown in the below example as ± £4,135.04.

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We've renamed "Won" projects to "Active".

We recognised that not all Won projects were being worked on actively, or all active projects were won, so this change better reflects how they are in the real world!