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.
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.
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.
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.
Managing your business’ finances requires a firm grasp of financial concepts. One of these to be aware of is ‘net income.’ Whether you’re an individual striving to create a robust financial plan or a business owner aiming to assess your company’s profitability, understanding how to calculate net income is essential.
Cash collection in accounting is a crucial process that involves the retrieval of funds from various sources, typically including customers, clients, or debtors. Understanding how this process works is paramount for businesses of all sizes, as it directly impacts their financial health, liquidity, and ability to meet financial obligations.
Understanding the worth of your business is not just a matter of numbers. It’s about comprehending the myriad factors that give your business its unique value. Whether you are looking to sell, seeking investment, or planning for the future, a business valuation provides the critical information you need to make well-informed decisions. This guide aims to walk you through why valuing your business is essential and the multiple factors that can affect this valuation.
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.
One of the most valuable tools in a business owner’s arsenal is the Section 179 Deduction. If you’re a business owner or a financial manager looking to optimize your tax strategy and save significantly on your expenses, understanding the ins and outs of Section 179 is absolutely crucial.
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.
Navigating the financial landscape of a business involves various important practices, and one of the most crucial among them is bank reconciliation. This article will introduce you to what bank reconciliation is and why it’s an indispensable part of modern business.
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.
Some tasks just suck up time – in which case you need to delegate. In this guest article from Kayleigh Alexandra at Micro Startups, we delve into 7 tasks to delegate early on.
