Profit and Loss

  • What are the Different Types of Income?

    Most people think of income as a pay cheque, but money can come from many different places. Understanding the different types of income is the first step toward smarter financial planning.

  • Forecasting Cash Flow with an Irregular Income

    Uncertainty is the biggest problem when it comes to a fluctuating income. You know that money is on the way, but not necessarily when or how much. This makes it harder to commit to expenses, to grow, and even to pay yourself.

  • How Often Should You Update Your Financial Forecast?

    Most business owners understand just how important financial forecasting is. Even so, many approach it as a somewhat static exercise. Build a forecast, review it, approve it, and then ignore it until the next financial period! Just how often should you update a financial forecast – and, what does good practice look like?

  • What is the Profit and Loss Forecast Report?

    Why is this sandwich being measured? Read on to find out. This week we take a look at the profit and loss forecast. This simple guide goes through each part of the P&L and explains how to make use of the figures it produces.

  • Total Revenue: A Clear Guide for Businesses

    For businesses, total revenue is indispensable. It’s not just a number; it’s a reflection of your business’s financial health and market positioning. By understanding total revenue, you can evaluate whether your sales strategies are working, adjust pricing models, and identify opportunities for growth. Learn more with Brixx.

  • What is Total Cost: A Definitive Guide

    Total costs refer to the overall business costs and expenses incurred when creating goods or services. Everything that your business spends to keep its operations running is accounted for within this financial metric.

  • A Guide to the Profit and Loss Statement (P&L)

    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 😀

  • The Ultimate Guide to the Three Financial Statements

    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.

  • What is Sensitivity Analysis in Finance?

    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!

  • Markup vs Margin Explained – What’s the Difference?

    As a business owner, setting the right prices for your products or services is a balancing act. Price it too low and you might not cover costs or make a profit, price it too high and you risk losing potential customers to more affordable competitors. A crucial element to getting your pricing strategy right lies…

  • Key Financial Reports to Share with Your Board

    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.

  • What is a 3-Statement Model?

    A well-built 3-Statement Financial Model helps insiders and outsiders see how various activities of a firm work together to see how decisions impact the overall company performance.

  • Understanding Profit vs Cash Flow

    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!

  • How to Account for Bad Debt

    In this article, we tackle the concept of bad debt – what it is, how to prepare for it, and what to do when things start spiraling out of control. Not every business will experience bad debt, but those that do will certainly know about it when it happens! Check out what to do when the worst happens in our article.

  • What Goes into the Income Statement (with examples)

    A profit and loss statement, also called an income statement, shows the revenue and expenses of a business, broken down into categories. This week we’re going line-by-line through an example of this report, introducing the key concepts of the P&L.

  • Free Profit and Loss Statement Template

    Get a free profit and loss template on us! Claim your template in this article, which features: equations to calculate totals, the ability to place your figures into the correct financial accounts and creates a professional financial report with ease – rather than expertise!