Got a fancy new asset and not sure on the best way to depreciate it? What even is depreciation? In this article we’ll look at the popular depreciation methods with examples and formulas so you can work out the best method for you.
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.
Learn what T-Accounts are, how they work, and see examples. Understand their role in double-entry accounting and financial reporting.
In the world of business, there’s a critical distinction between different types of profit that can impact decisions at every level. One such concept is economic profit – a measure that goes beyond basic earnings to provide a deeper understanding of a company’s financial health.
If you’re reviewing the intricacies of financial reporting or wish to streamline your business’ financial statements, this blog post is your guide to understanding the essence and significance of the FAST standard. Dive in and discover how this standard is revolutionising financial reporting practices and empowering businesses in the finance sector.
In the final part of the KPI and Ratio series we’re looking at gearing ratios, which reveal the inherent risks in different capital structures. If you’re new to the concept of gearing then this is a great primer for these important ratios.
Profitability metrics are a group of key performance indicators that analysts use to measure businesses. This week we explain profitability and show how these KPIs can be useful to your business.
Learn more about assets and their place in the financial planning landscape. There are many classifications of asset, which we’ll look at in relation to their place on the balance sheet.
The Profit and Loss Statement is probably THE most confusing of the big three financial reports. But why is it confusing? In this article, I’ll demonstrate how the P&L works and give examples of some common confusions 😀
Management reporting is a type of report given to management-level employees within a business. A management report typically involves employees collecting, analyzing, and presenting key information to help with decision making, providing an overview of all business performance.
Welcome to part 1 of 3 in this “Accounting Crunch” series. In this series, we’ll be covering debits & credits, double-entry accounting and T-accounts. Each part will consist of one topic. In this part, we’ll be covering debits and credits!
A rolling budget is a financial planning approach where the budget or forecast is regularly updated by adding a new budget period as the current one expires. It is often referred to as a continuous budget or a rolling forecast.
Deferred revenue is a critical aspect of financial management. However, it often poses significant challenges in accurate forecasting and tracking. For businesses that offer SaaS products or subscription based services, understanding and effectively managing deferred revenue becomes incredibly important for sustainable growth and financial stability.
Balance Sheet forecasting is often undervalued when running a business. This week, I go into detail about the Brixx Balance Sheet in this beginner’s guide.
Do you have an established business? If you do, it’s important to have a financial plan. The good news is – creating a robust financial model is generally easier for existing business than for startups. As many of our customers are planning existing businesses in this article I’m going to give some tips and advice for planning these businesses in Brixx.
Starting your own business venture can be very exciting, but it often requires a critical ingredient for success: capital. Whether you’re a startup looking to turn your idea into reality or an already established business owner seeking to grow, securing the necessary funding can be an overwhelming tas
In a world where data is at the forefront of all businesses, the ability to understand and communicate data effectively has become a valuable skill. Data is not just numbers; it’s a story waiting to be told, which is where data visualisation comes into play. Read on to learn more about how visualising your data can help your business.
Financial statements are the backbone of any business, providing a snapshot of its financial health. The three primary financial statements are the Cash Flow Statement, the Income Statement (also known as Profit & Loss), and the Balance Sheet. These reports offer different perspectives on a company’s financial status, helping stakeholders make informed decisions.
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.
Return on assets (ROA) is a financial ratio that calculates the profitability of a business in relation to its total assets. This ratio is often used to assess how effectively a company is using its assets to generate profit.
The Rule of 72 is a fundamental financial concept that provides a quick and easy way to estimate the time it takes for an investment to double in value, based on a fixed annual rate of return.
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.
Spreadsheets are ubiquitous for a reason – you can use them for anything! But with increasing complexity comes the danger of human error. In this article, we look at how to avoid making a mess of your cash flow forecast spreadsheet, and suggest an alternative…
Financial forecasting and planning are essential for any business, big or small. However, traditional financial analysis methods can be time-consuming and resource-intensive. This is where ChatGPT, a large language model trained by OpenAI, can provide a valuable tool to assist your business financial forecasting and planning.
Ever wondered how a business can be profitable but run out of cash? In this article, we cover what is cash and profit and what it means for the health of your business…with examples!
This week we bring you a video demo of Brixx – a “back to basics” tour of the app that will teach you the fundamental principles behind Brixx so that you can get the most out of modelling in the app. Beginners welcome!
Welcome to part 2 of 3 in this “Accounting Crunch” series. In this series, we’ll be covering debits & credits, double-entry accounting and T-accounts. Each part will consist of one topic. In this part, we’ll be covering double-entry accounting.
Numbers can be open to interpretation, especially if you’re not used to arcane accounting methodologies. Maybe you usually leave the numbers to the accountant, but if you’re a decision maker, then at some point you’ve got to figure out what it all means. So, today, I’m going to explain some of the common ways cash flow can cause confusion and how you can avoid it.
When it comes to finance, jargon can quickly become confusing. In this piece, we aim to chop this jargon up into digestible, easy to understand definitions with a simple example.
You’ve started marketing your product or service. How can you tell if it’s doing well or not? Well in this post we’ll walk you through how to measure the success of your campaigns with practical examples.
