Tags and Tag types in Float 🏷️

Tags are another way to categorize your transactions in Float! Tag types and tags give administrators and bookkeepers added flexibility to create customer transaction categories to categorize and track spend.

To view your tags navigate to Settings > Tags as an administrator or bookkeeper!

Creating Tags

To create a tag, you must first create a tag type for the tag to be classified under. You can create a new tag type by clicking the "+ Add Tag Type" button on the top right corner of the page

1. Once a tag type has been created, click the three vertical dots  under the 'Action' columns
2. Select "+ Add Tag"
   
3. Enter the tag name
4. Click Create!

Note 🛑 : Tags can only be created within Float if you DO NOT have an accounting integration. If you have an accounting integration, please create the tag equivalent (outlined below) in your account software and sync them over to Float.

Editing, Hiding and Deleting Tags

• Tag names can be edited at any time by clicking the button next to the tag you wish to edit
• Tags can be deleted by clicking the 'Delete' button.
• Admins and bookkeepers can also hide tags to prevent spenders from using them to categorize transactions by clicking the icon next to a tag.
  • Hidden tags paper with a strike through the tag name as well as the visibility icon
    

Tags with an accounting integration

Float integrates directly with QuickBooks Online (QBO), Xero and NetSuite. For accounts that have an active accounting integration, most accounting characters and categories are imported directly from your account software. They cannot be created directly in Float.

Tags appear differently in each accounting software and here is a breakdown of what that looks like:

Automation with Tags

Once tags have been created or synced over to Float all users on your account can now start categorizing transactions with these tags. Admins and bookkeepers can restrict tags visible by submission policy as well.

The process of categorizing transactions with tags can also be automated for each Merchant and/or Card.

Merchant Rules

Administrators and bookkeepers can create new merchant rules for normalized merchants that automatically categorize all transactions with this merchant with a tag. To do this:

1. Navigate to the 'Accounting' page on the left sidebar
2. Click "Manage Transaction Rules" on the top right corner
3. Click "+ Create New"
4. Select the merchant you wish to create the rule for, populate the tag field and click Save!

Once a merchant rule has been created, all new transactions made with this merchant will now automatically be categorized under the selected tag.

Card Automation

To automate transaction categorization with tags for your cards, head to the card page for the specific card.
Click the tag field under the "Accounting automation" section and add tags there.

Once set, all new transactions on the card will automatically be coded with the selected tags.

Please feel free to reach out to support@floatcard.com or click the "Talk to Support" button in your Float account and we'd be happy to help!