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.
If you’re new to the balance sheet, understanding each of its components can seem like an overwhelming and complicated ordeal. So, today we’re going to tackle some of the most frequently misunderstood components of the balance sheet, fixed and current assets. First, we’ll break down fixed and current separately and explain their categories, then we’ll draw the differences between the two.
For a lot of people, the balance sheet is one of the hardest financial statements to get to grips with. Even the most fundamental pillar of the balance sheet, why it needs to balance, eludes many of us.
If you’re new to accounting, goodwill isn’t what you expect it to be. Goodwill can often be the cause of many headaches and arguments in the buying and selling of a business, this is all down to its nature, find out what that is inside!
The quick ratio or acid test is a great KPI to understand your ability to cover short term debts – but what role does it play in forecasting?
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.
Get a free balance sheet template on us! Using a simple, easy to understand structure with automatic formulas, charts and an explanation of each line, if you’re looking to build a balance sheet forecast, there really is no better place to start than with our template, you’ll be forecasting your balance sheet in no time!
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!
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.
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.
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.
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.
Accounts payable and receivable are one of many accounts found on the balance sheet. In this article we look at what they are and the differences between them. Finally, we examine how they interact with the other two key financial statements, the cash flow and profit and loss.
Working capital is a figure that is essential for business growth, it keeps the cash cycle moving and allows you to pay suppliers and invest in the business. But what are positive and negative working capital? and how important are they for your business? We take a closer look in this article.
A balance sheet is an essential tool used to show the value of a business at a specific point in time. In this coffee-infused article, we journey to understand the balance sheet using a coffee shop as an example!
