Inflation is something that affects us all, whether we own a business or not. The world’s economy can shift in an instant and when costs rise, it can put real pressure on personal finances. Brixx is designed to support you and your business. As a financial modelling and planning tool, it can help you to adapt to financial uncertainty with confidence. Read on to learn more.
Owning a buy-to-let property requires due consideration. While there’s the appeal of steady rental income, there are also many points of expenditure to bear in mind. As always, the difference between a positive investment and a financial headache comes down to preparation.
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.
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.
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.
Data is an invaluable resource that businesses cannot afford to ignore. However, how do you get actionable insights from such data? Explore this topic with us in our latest article.
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.
In this comprehensive guide, we’ll delve into the intricacies of the month-end close process. From understanding its importance to identifying the essential steps and best practices, this guide aims to be a road map for finance professionals. Whether you’re a seasoned accountant or new to the field, you’ll find valuable insights that can help you streamline your month-end activities.
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.
In this article, we’ll explore what exactly revenue bridge is, and why it holds a pivotal role in financial analysis. Whether you’re a seasoned financial analyst or a business owner looking to gain a deeper understanding of your company’s revenue dynamics, this guide will equip you with the knowledge and tools you need.
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.
Capital budgeting enables informed decision-making regarding the allocation of financial resources for projects that contribute to the company’s growth and profitability in the long run.
Capital budgeting enables informed decision-making regarding the allocation of financial resources for projects that contribute to the company’s growth and profitability in the long run.
A break-even analysis is a critical metric for businesses as it provides valuable information about the minimum level of activity required to cover all costs. In other words, it helps businesses identify the level of sales required at which they neither make a profit nor incur a loss. This is the break-even point.
Journal entries are the recorded transactions that your business carries out. Every business activity that involves money – sales, purchases, salaries, loans, and more – will lead to at least one journal entry. It is a chronological record of how your business’s money is being spent or earned.
Risk-taking is an essential part of entrepreneurship, and it’s what sets successful entrepreneurs apart from the rest. In this article, we’ll explore why all entrepreneurs should take risks, the different types of risks businesses face, and how to manage risk effectively.
The debtor days formula is a useful tool for businesses to understand how long it takes to collect payments or debts. By calculating your debtor days, you can streamline your processes and improve your cash flow.
