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Accounting Workboard

  • Updated

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.

 

Frequently Asked Questions (FAQs)

What is a Flagged Transaction?

What do the different Flagged Transaction types mean?

Can I unflag a transaction?

What is a rule?

 

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@floatfinancial.com!

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