Transaction coding represents one of the most time-consuming parts of the month-end close. Introducing Float Intelligence, a new set of AI capabilities built into Float to automate one of the most time-consuming tasks of month-end: assigning GL Codes and Tax Codes to card transactions.
Float Intelligence uses AI to automatically suggest GL Codes and Tax Codes on your card transactions, so your finance team can close the books faster with less manual work at month-end.
This feature is available to customers on Float's Professional or Enterprise Plans. View detailed plan information at floatfinancial.com/pricing and contact us via support@floatfinancial.com if you'd like to upgrade!
Guide Overview
Frequently Asked Questions (FAQs)
How it Works
With Float Intelligence, the AI analyzes each transaction (including merchant details, spend category, cardholder, and transaction amount) and generates Tax and GL coding suggestions tailored to your business. The system learns from your specific chart of accounts and historical coding patterns, so suggestions improve over time.
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Confidence-gated suggestions:
- Float only surfaces a suggestion when we have a high degree of confidence
- When confidence is too low, the field is left empty, and a suggestion will not be provided
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Per-business learning:
- Each business gets a model built on its own chart of accounts and coding history
- The more transactions your team codes, the more accurate the suggestions become
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Smart filtering and grouping:
- Quickly filter to transactions that have suggestions or still need attention, so you're not scrolling through every row to find exceptions
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Bulk apply suggestions:
- Accept suggestions across multiple transactions at once, reducing month-end coding from hundreds of individual actions to a single bulk operation
How to Apply AI Suggestions?
Transaction auto-coding suggestions appear in two places: in the transaction details for a single transaction, and in the Needs Review tab of the Transaction Export page.
How to apply a suggestion to a single transaction:
- Navigate to Accounting > Transaction Export > Needs Review
- Either:
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Select a transaction to open the transaction details
OR - Scroll to the Tax Code/GL Code column in the transactions table
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Select a transaction to open the transaction details
- Hover over the AI suggestion shown in the GL Code or Tax Code field
- Select "Accept" or "Decline" to apply or dismiss a suggestion
How to bulk apply suggestions:
- Navigate to Accounting > Transaction Export > Needs Review
- Below the search bar and filters, you will see a prompt showing the number of AI GL Code and Tax Code suggestions available for transactions on that page
- Select the suggestion prompt
- Ex: "24 Suggested GL Codes" or "132 Suggested Tax Codes"
- Bulk select the transactions you wish to apply the suggestions to
- To bulk select all transactions on the page, select the checkbox in the column headers
OR - Select the checkbox to the left of each transaction
- To bulk select all transactions on the page, select the checkbox in the column headers
- Select "Accept Suggestions" to apply the suggestions at once
Important Notes:
- If you prefer to enter a code manually instead, simply select the GL Code or Tax Code field and type your entry. Your manual entry will be applied, and the AI suggestion will be removed
- Once a suggestion is accepted or declined, there is no visual indicator that the code was AI-suggested. The field will appear the same as any manually coded transaction
Who Can Apply AI Suggestions?
Only users whose role has the necessary permissions to export transactions can view and interact with coding suggestions from the Transaction Exports page.
User Roles with the necessary permissions:
- Primary Administrator
- Administrators
- Bookkeeper
For more details, see: User Roles
Frequently Asked Questions (FAQs)
Does Float use Artificial Intelligence (AI), and what data is shared with AI systems?
Can I trust AI with my finances?
Does Float intelligence handle Canadian tax codes like GST, HST and PST?
Does Float intelligence hallucinate?
Is my data safe?
Float is SOC 2 Type 2 and PCI-DSS compliant — meaning we abide by the highest standard of security in the storage, processing, and transmission of cardholder data.
Float runs AI models hosted within our own AWS infrastructure through Amazon Bedrock. Customer data is never sent to third-party AI model providers. All inference happens within Float's secure cloud environment, subject to the same encryption, access controls, and compliance standards that govern the rest of Float's platform.
Does Float use Artificial Intelligence (AI), and what data is shared with AI systems?
Float runs AI models hosted within our own AWS infrastructure through Amazon Bedrock. Customer data is never sent to third-party AI model providers. All inference happens within Float's secure cloud environment, subject to the same encryption, access controls, and compliance standards that govern the rest of Float's platform.
Can I trust AI with my finances?
Nothing touches your books without your approval. Every AI suggestion is visible before it syncs. You review, approve or override. Float handles the work. Your team makes the decisions.
Does Float intelligence handle Canadian tax codes like GST, HST and PST?
Yes. Float's coding engine is calibrated on real Canadian transaction data. It recognizes GST, HST, PST and QST and applies the correct tax treatment based on your province and merchant.
Does Float intelligence hallucinate?
Float's AI is task-specific. It matches receipts, codes transactions and populates invoices. It doesn't improvise or generate content. A separate confidence model gates every suggestion. If the agent isn't sure, it stays quiet.