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Northants Accounting


An accountancy fi rm in Northampton is helping to support businesses during the coronavirus pan- demic by giving away free licences to cashfl ow forecasting software Float. Northants Accounting has been inundated with enquiries from businesses over the last few weeks as they seek guidance and advice on the fi nancial help available from the Government during this period. Managing Director, Nishi Patel, wanted to do


more than simply relay and clarify information and make recommendations. He said: “Whilst the Government has announced a package of sup- port for small businesses, none of this is available straight away so, for companies, managing the cash- fl ow they have in their business right now is key and could even be the diff erence between surviving this crisis or going under. I wanted to help my clients to better understand where their money was coming from and allow them to budget and forecast for the diffi cult weeks and months ahead. “Knowing the money you have going in and out


of your business and when big bills are due can not only help you plan for the short, medium and long term but can help you make informed decisions, such as furloughing staff or putting a freeze on recruitment.” Float is a web-based cashfl ow planning solution that integrates with accounting software including


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Accountancy firm offers free cashflow support to help to SMEs deal with coronavirus impact


Xero, FreeAgent and Quickbooks to produce visual cashfl ow forecasts. It can also run various scenarios, which enables businesses to see po- tential fi nancial impacts before they make decisions such as taking on a new member of staff or launching a new product. It also allows users to create budgets such as marketing or sales budgets and then tracks how this is being achieved or spent each month. Float usually costs around £50 a month to use but Northants


Accounting is off ering the software to 50 businesses for free for a whole year. After that, they can enjoy a discounted monthly payment of £20 a month. “I have used Float myself for a while now,” said Nishi. “It is such a


useful tool and I could see how it could really help a business at this moment in time. We are all looking for ways to help in the current climate and this is my contribution.”


For more information, go to www.northantsaccounting.co.uk or call 01604 330129. ALL THINGS BUSINESS Nishi Patel Managing Director


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