In this article we unpack the differences between accrual basis and cash basis accounting. Find out which method benefits your business the most and what insights you can learn from each system.
KPIs help you to measure progress, efficiency, and financial health. By tracking the right KPIs, you gain a clear view of what’s really driving your business, and where to focus your energy next. In this guide, we’ll explore the 10 most valuable KPIs every small business should track, and show you how to model each one easily in Brixx, so you can plan smarter and make confident business decisions.
Having a business planning cycle helps your vision to keep on track, but what exactly is the process? Read more to find out how we manage it.
A MIS Report (Management Information System) is a set of reports that that provides information to management and other decision-makers in a business. Read on to find out more about these essential financial reports.
When looking to assess your business’ financial performance, one of the most important metrics to keep in mind is EBIT (Earnings Before Interest and Taxes). Keep reading to learn more with Brixx.
Today we take a look at the risks and rewards of starting a business. Starting your own business can be very rewarding. There are also a number of risks involved in becoming an entrepreneur. This blog post covers all the problems and joys you might expect to encounter when starting your own business and being your own boss.
Year-over-year (YOY) is a financial term used to compare data for a specific period of time with the corresponding period from the previous year. It is a way to analyze and assess the growth or decline of a particular variable over a twelve-month period. Within this article we will explore what YoY is used for and why it is such an important metric for businesses.
Even before Microsoft Excel revolutionised the spreadsheet game, businesses have been using spreadsheet-based formats to assist with their success.
Comparing forecasts to actuals is a way to assess the accuracy and reliability of the predictions. It allows for an evaluation of how well the forecasts aligned with the real-world outcomes.
Getting ahead in accounting and finance is tough these days. Improve your prospects through intrapreneurship by providing dashboards with actionable business insights.
Acknowledging that your business needs a precise, adaptable business plan can be the first step to growth. Business plans can be large, data heavy, and confusing, so within this article, we will focus on ten key components that form the backbone of a successful business plan.
The burden of excessive bureaucracy is one of the leading causes of lost productivity for businesses. Admin, record keeping and infrastructure are necessities and can’t be avoided. But many of them can be improved.
Welcome to our comprehensive guide on understanding more about your financial health and how to assess your progress. Whether you’re a seasoned investor or just starting your financial journey, this guide will provide you with the knowledge and tools needed to evaluate your financial situation effectively.
Goods and services tax (GST), is a value-added tax (VAT) on the supply of goods and services. Registered businesses include the GST in the prices of their goods and services, effectively acting as tax collectors on behalf of the government. Learn more about this process.
So far this week we’ve looked at how to choose the right business model for your startup. Now, we’ll be looking at how to find the right type of pricing strategy to sell a new product. Your business model and pricing strategy are interrelated. In some cases, the pricing strategy you choose to adopt may even dictate your business model.
Financial forecasting & modelling is all about trying to predict the future of your business and sensitivity analysis is just a part of that. Something we’re pretty used to at Brixx!
Accounting is the backbone of any organization’s financial operations – however, it has to be done correctly and within regulations. The Generally Accepted Accounting Principles (GAAP) play a vital role in establishing consistency and reliability in financial reporting.
Accounting standards are a set of principles and guidelines that all accounting professionals and businesses must follow when preparing financial statements. In this comprehensive blog post, we will delve into the basics of accounting standards.
Thinking about when to hire an accountant can be a difficult task. How could you possibly decide upon which accountant would be best for you?
As a new business or start-up, there will be some big meetings ahead with your board and shareholders. Without financial expertise, you may be wondering which financial reports are best suited to show that you’re on the right track to building an established, profitable business.
Choosing a new accountant for your business is an important decision that can greatly impact your financial success, and it can be a lot of pressure for new businesses or start-ups to even consider adding to the team.
An aged debtors report is a financial report that shows the amounts owed to a business by its customers, classified according to the length of time that the amounts have been outstanding.
Over December 2022 and Early January 2023, we have released several updates and bug fixes to improve our user experience. Including the introduction of our Tax report, enabling you to view a breakdown of Tax payments for your plan.
In this article, we’ll be looking at how to design a website. The design of a website should reflect your branding and should also appeal to your target market. Throughout this article we’ll look at how to incorporate all these things into the overall look and feel of your website.
If you’ve never worked in HR or recruitment, you might not know the ins and outs of hiring new talent. The process may seem simple, ask questions and see if you like the candidate. However, there are more steps and factors to be aware of when hiring for your startup or established business. Lucky for you, we’ll cover all the important areas of employing someone today.
So, you’ve got a big idea for a business and you’ve started researching the market you want to approach. What’s next? How do we take this seed of an idea and nurture it into a credible business? That’s what we’ll tackle in this article where we begin refining your idea into something that can make money. There’s more to starting a business than just coming up with a product or service you can sell.
Some tasks just suck up time – in which case you need to delegate. In this guest article from Kayleigh Alexandra at Micro Startups, we delve into 7 tasks to delegate early on.
