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Thanks for the quick response! It worked very nicely. Unfortunately I need to have it be in sequential order from my previous figures. Is there a way around that with the newfloat package?

I keep getting an error " \caption outside float" and have been fumbling around with it for quite a while. I tried the solution from here but it still didn't solve my problem. Here is a snippet of my code:
\documentclass[12pt,a4paper]{article}
\usepackage{bchart}

\begin{document}
\begin{bchart ...