Product Education

Find Efficiency with Float’s Accounting Hub

A dedicated space to quickly review, automate, and export transactions at scale.

January 10, 2024


At Float we know finance teams are constantly seeking new ways to streamline processes, enhance accuracy, and achieve greater efficiencies. That’s why we’ve created the Accounting Hub – a dedicated space for the controllers and accountants on your team to review, automate, and export all company transactions quickly and seamlessly. 

Float’s one-stop solution is designed to simplify export workflows and help you to regain control over your company’s spend data. In fact, in our recent poll Float customers reported closing their books up to 9x faster with Float and 2.5x faster on average. 

Below we’ll introduce you to game-changing features and tips in Float to help you find speed and accuracy as you close the books each month-end.

Review 👀

The power of Float’s Accounting Hub starts with its ability to filter and review transactions by specific time periods with ease. You can quickly identify discrepancies and ensure transaction data is compliant and accurate before syncing to your accounting software.

Easily Find Non-Compliant Transactions

As you prepare to close the books at month-end you can filter transactions by the designated month and then further by Compliance Status. Get a list of transactions that aren’t compliant with your company’s Submission policies and identify which team members to follow-up with.

You can also filter out non-compliant transactions from your exports, ensuring only those properly coded and with receipts attached move on to your accounting software.

💡Pro-tip: When you message a spender about a transaction missing information, you can send them a Transaction Link to bring them right to the transaction in question. This eliminates any more confusion or unnecessary back and forth.

Split Transactions

As you review transactions, you may encounter one that needs to be allocated across different line items (like software invoices shared by multiple departmental budgets). You can select any transaction in your Accounting Hub, click ‘split transaction’ and enter the amounts you would like to enter as their own line items. Then assign the appropriate GL code, tax code, description or tag to finish split the transaction.

Update Transactions in Bulk

There’s no need to waste time updating transactions one at a time. You can filter and select transactions in bulk and assign the group the same vendor, team, GL code, or Tax code in a few simple clicks for a faster month-end.

Automate 🚀

With Account Hub, you can also put accounting processes on autopilot. This reduces those time consuming, routine tasks and the risk of human error, while freeing up time for more strategic work. By issuing smart corporate cards to automating expense categorization, Float ensures transactions are coded accurately while cutting down manual work and saving you time.

Pre-Code your Float Cards

As you prepare to close the books at month-end you can filter transactions by the designated month and then further by Compliance Status. Get a list of transactions that aren’t compliant with your company’s Submission policies and identify which team members to follow-up with.

You can also filter out non-compliant transactions from your exports, ensuring only those properly coded and with receipts attached move on to your accounting software.

Set Up Transaction Rules

Float can also help you automatically categorize your transactions based on merchant names. By clicking on ‘Manage Transaction Rules’ in your Accounting Hub you can set up a custom rule that codes a corresponding Accounting Vendor, GL Code, Tax Code, or Tag to specific Merchants saving you and your team tons of time.

Export 🔄

Effortless exports is the heart of Float’s Accounting Hub – built to support scale with the ability to quickly sync export-ready transactions to your accounting software in bulk.

Smart Accounting Syncs

If you use one of our supported integrations ( Oracle NetSuite, QuickBooks Online, and Xero), our smart two-way Accounting Sync means your Chart of Accounts gets mapped in Float so reconciliation is a breeze. By navigating to your ‘Ready to Export’ page you can quickly sync all compliant transactions for your close period directly to your accounting software in one click.

Custom CSV Exports

It’s still very simple to export transactions to alternative accounting softwares like Sage or Microsoft Dynamics. You can build your own custom export templates in Float, formatted to match your specific accounting software. You can download your export-ready transactions at month-end as a CSV and upload them to your accounting software without any additional manual tweaks.


Put Float into Action 🎬

Float’s Accounting Hub aims to help finance professionals eliminate tedious reconciliations and have more efficient month-ends. Bringing automation to transaction reviews and exports has already saved Float customers valuable time and money each month-end – and we’re just getting started. 
For a quick demo on the new Accounting Hub with Lauren from our Product team you can watch this video.

If you’re an existing customer head over to your Accounting Hub to try out the tips and tricks above. You can always click on the ‘Take the Tour’ button in your top menu for a refresher on your new hub. Not a customer yet and want to learn more about how Float’s Accounting Automations can power your team? Our sales team is happy to chat. Book a demo or get started directly today.


Written by

Shanelle Holder

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