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.
Once you’ve created a cash flow forecast, you’re in a great position to start examining future scenarios for your business. In this article we look at 6 common scenarios that almost any business should be modelling.
What is direct costs? Discover how businesses track expenses directly linked to production, from raw materials to labour, and why understanding these costs is key for budgeting, forecasting, and improving profitability.
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.
Learn how tools like Brixx help accounting firms work smarter, serve clients better, and stay ahead in a fast-changing industry.
As a new business owner, there will be a variety of financial reports and terms that you may not be aware of. One such example is ledger balance and available balance, which we explore in this article.
The prudence concept is a core accounting principle that means choosing conservative methods to understate assets and overstate liabilities, anticipating potential losses and recognising them early, and only recognizing gains when certain – without estimations or presumptions.
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.
The Sortino ratio is a risk-adjusted performance measure that is similar to the Sharpe ratio. Learn why it is important here with Brixx.
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.
Like all businesses, starting a photography business isn’t as simple as registering and getting hired as a freelancer in photojournalism. No need to fear, as this in-depth guide will provide you with all the details you need to start your own photography business.
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.
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.
Even before Microsoft Excel revolutionised the spreadsheet game, businesses have been using spreadsheet-based formats to assist with their success.
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.
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.
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.
In today’s competitive digital era, curating a strong online presence is paramount for the success of your small business. You can establish your brand in the virtual landscape through a multitude of avenues such as a dynamic website, impactful social media campaigns, or a compelling content marketing strategy.
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.
In the realm of finance, liquid assets are the lifeblood of financial flexibility. In this comprehensive guide, we delve into the world of liquid assets, exploring their types, importance, evaluation strategies, and practical tips for maximizing their potential.
There are a huge variety of metrics that you will need to have understanding of when starting your own business. Return on Investment (ROI) is one of these metrics that we will be exploring today.
Understanding all elements of cash flow – including retained cash flow – can be quite a tricky task. We are here to help you understand more about how you can use it.
Debt factoring is a financial transaction in which a business sells its accounts receivable, or outstanding invoices, to a third-party financial company, known as a factor.
Debt factoring is a financial transaction in which a business sells its accounts receivable, or outstanding invoices, to a third-party financial company, known as a factor.
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.
Understanding cash flow and the differences between cash inflow and cash outflow is critical for managing your business finances with confidence.
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?
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.
One of the major benefits of being an e-commerce business owner is the ability to connect your e-commerce platform to a range of other systems that can all work together in unison. These help to build stronger insights and more informed decision making.
