Accounting Workboard 📊

Float’s Accounting Workboard is your spot to track real-time progress toward closing your books and identify non-compliant transactions at a glance. Here is everything the Accounting workboard can help you with:

1. Track Progress - See your real-time progress towards closing your books. At a glance, gauge how many transactions need to be reviewed or exported.
   
   
   
   
2. Compliance Insights - Monitor transaction compliance and pull lists of non-compliant transactions in one click, to quickly take action during your review process.
   
   
   
   
3. Flagged Transactions - Float automatically flags transactions with unexpected GLs, merchants, or spend volumes so you can catch them before they reach your accounting software.
   
   
   
   
4. Automations - Highlights opportunities for automation! Create a rule for merchants directly from the workboard.
   
   

FAQ

• What is a Flagged Transaction?
  

  A Flagged Transaction is a transaction Float thinks you should take a second look at. These might have unusual GL codes, merchants or spend volumes. Float will automatically flag these transactions, so you can catch them before they reach your accounting software.
  
  

• What do the different Flagged Transaction types mean?

  1. Over Limit: When the amount of a transaction is above the limit, the transaction will be flagged. You can adjust this limit right in the Workboard by clicking “Edit”.
     
     
  2. Unexpected GL Code: These transactions are flagged when the GL code is different from the GL code(s) historically assigned to the merchant.
     
     
  3. Irregular Spend in GL: These transactions are flagged when the amount is much higher or lower than the majority of other transactions in this GL code.
     
     
  4. Unusual Tax: These transactions are flagged when the percent of tax paid is not a typical Canadian tax rate (this is only applied to Canadian-based merchants).
     
     

• Can I unflag a transaction?

  When a Flagged Transaction is moved to Ready to Export, it will no longer be counted as a Flagged Transaction in the Accounting Workboard.
  
  

• What is a rule?

  Transaction rules help automate attaching GL Codes, Tax Codes, Vendors and other Accounting Fields to transactions. Read more here!

If you have any questions, please reach out to support@floatcard.com!