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Clean Data & Cash Flow Forecasting: the Bookkeeping Power Couple

by XBert Team ~ 2 min read

XBert and Float are joining forces to offer bookkeepers an incredible deal on clean data and cash flow forecasting for businesses.

Never has there been a more important time for business owners to have sound, smart and accurate financial advice. And that’s why XBert and Float are joining forces to offer bookkeepers and accountants a way to deliver exactly that, without adding to their already intense workloads.

XBert, featuring AI-audit risk alerts with task and process management built-in, is the ultimate way to streamline your workflow processes while ensuring your data is squeaky clean.

Float, helps you create a powerful cash flow forecast that combines invoices, bills & cash budgets, allowing you to model out all of the future inflows and outflows of the business, as well as potential what-if scenarios in real time.

Can you see how these two products can revolutionise your service offering?

Let’s start here: there are a plethora of things that can affect cash flow forecasting in a business. Coding errors, GST anomalies, outside average payment days for clients, duplicate invoices or billing - just to name a few.

With more than 50 AI-powered risk alerts (and 50 more currently in development), XBert is unrivalled in AI-audit for bookkeepers. Relentlessly trawling your accounting software data for errors, inconsistencies and anomalies, sophisticated machine learning algorithms flag as soon as something isn’t quite right, allowing you to check and resolve issues, as they arise. This means as long as you’re using and resolving XBerts - your data will always be accurate, clean and up-to-date. No nasty surprises come BAS (Business Activity Statement) and TPAR (Taxable Payments Annual Report) lodgement or End Of Financial Year.

Add Float to the party, and things really heat up!

With clean data you’ve now got the perfect platform to build an accurate forecast in real time. All invoices and bills (including recurring ones) will be automatically pulled in from Xero, and you can set the date you’re expecting to receive the cash, so that timing is spot on.

Unlike other cash flow tools, Float doesn’t just stop at the invoices and bills. The forecasting software has a powerful budgeting engine that allows you to factor all of the expected cash inflows and outflows, including date specific timing to ensure there are no unexpected cash gaps, like the GST and payroll falling due in the same week.

Once you’ve got the base scenario in place you can then model out what-if scenarios to answer the questions your clients need most like:

  • Can I afford to hire additional staff - if so how much can I spend?
  • Can I afford new office space?
  • What will be the impact on my revenue after Jobkeeper ends in March?

Ready to take your business to the next level?

Float deal