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Accounting Workboard đź“Š

  • 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.

 

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!

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