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Statements Overview

  • Updated

Statements in Float provide clear, audit-ready records and structured data for reconciliation. They are designed to simplify audits, speed up month-end close, and give your finance team confidence in reconciliation, audits, and month-end close. 

With a new dedicated Statements tab, they’re easier to find and use.

For more information on Statements, please view:

Download a Float Account Statement 

Statements FAQ

 

Who Can Download Statements

The following user roles can download account statements:

  • Primary Administrator
  • Administrator
  • Bookkeeper

 

Where to Find Statements

Statements are no longer located on the Transactions page. 

You can now find them on the Accounts page by following these steps:

  1. Log in to your account at app.floatfinancial.com as an Administrator or Bookkeeper

  2. Navigate to Accounts > Statements

From here, you can choose either your Cash or Charge account. Statements are now separated by account type (Cash or Charge) and currency (CAD and USD). You can view the available statement periods and download your files in either PDF or CSV format.

Note: The legacy version of statements will be available for limited period of time to allow reconciliation to our new format. 

Fore more information, please see: Download a Float Account Statement 

 

What’s Included in Statements

Each statement contains:

  • Statement summary with opening balance, closing balance, total debits, and total credits
  • Running balance visibility across all transactions
  • Account Activity List that reflects accurate posting dates and amounts
  • Structured data designed to support reconciliation and audits
  • Fixed periods with clean cutoff times, so you can rely on accuracy

 

Statement Periods

Cash Account

  • Statements run from the first to the last day of the month (e.g., May 1 – May 31).
  • PDFs are fixed to these periods.
  • Custom date ranges are only available in CSV format.

Charge Account

If you're a Charge customer, your monthly statement is tied to your Charge Billing Cycle and will be fixed to a "first-to-last" date range. That means:

  • Each statement runs from 12:00 AM ET on the first day of your cycle to the last second of the last day of your cycle. Meaning that your statement will reset at 12:00 AM ET on the first day of the new cycle

    • For example, a May statement covers May 1 at 12:00 AM to May 31st at 11:59:59 PM. The June statement period will start on June 1st at 12:00 AM - on the first day of the new cycle

Important Considerations:

  • This applies only to accounts on Float's Charge product

  • Your Charge cycle may vary based on when your business was onboarded to Charge

  • Your statement period will reflect your assigned billing cycle (e.g. 14-day or 30-day cycles)

  • PDF Statements will only be generated after the Statements period is completed.

  • CSV Exports can be generated for past period cycles or at any point in your current Cash or Charge cycle.

 

Key Features and Benefits

  • Dedicated Statements tab: Always accessible under Banking → Accounts.

  • Separate Cash and Charge statements: Provides clear separation between different accounts.

  • Audit-ready PDFs: Immutable and standardized format trusted by auditors and stakeholders.

  • CSV exports: Structured for reconciliation, manual workflows, and high-volume data handling.

  • Accurate statement periods: No overlap between reporting windows.

  • Comprehensive summary section: Key balances and activity displayed at the top.

  • Streamlined downloads: Get your files directly from the Accounts page without extra steps.

  • Transaction times: Float now uses ET (previously UTC) wherever you see a date or time, which means more transactions will be included in the statement

 

Use Cases & Benefits

Audit-ready documentation

  • PDFs serve as immutable records, trusted by auditors and external stakeholders.
  • Provide clear account history for compliance and record keeping.

Efficient reconciliation

  • CSVs are structured with all money movements, correct attributes, and running balances.
  • Minimize manual work and errors during reconciliation.
  • Support finance teams during month-end close by giving them precise data.

Clarity and accuracy

  • Separate Cash and Charge statements prevent confusion
  • Statements are generated for fixed periods without overlaps, making them reliable for reporting.

 

PDFs vs CSVs

  • PDFs: Immutable, audit-ready, and best for sharing with auditors or stakeholders.
  • CSVs: Flexible, structured for reconciliation, and easy to filter or combine if needed.


 

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