Chat GPT in accounting helps automate routine tasks like invoice categorisation, report drafting, and basic financial analysis – saving time and improving efficiency without replacing accountants. Read on to learn more.
Want to build a product people actually buy? The first step is to research target market data so you understand who your ideal customers are, what they need, and how much they’re willing to pay. This guide explains how to identify your audience, create customer personas, conduct interviews, and use real market research insights to shape smarter pricing and business decisions.
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.
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.
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?
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.
Designed to simplify complex forecasting tasks, Brixx allows accountants to create, manage, and consolidate multiple business forecasts in one streamlined platform.
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.
Financial modelling has long been associated with endless spreadsheets for enormous businesses. For many smaller businesses, the idea of building a model can feel overwhelming and unnecessary.
Planning revenue should feel like you’re creating a positive route for success. However, oftentimes, businesses will end up with a plan that’s more of a hopeful guess than a line of clear direction.
Variable cost refers to business expenses that vary directly with the level of output or production. In other words, when a company produces more goods or services, the variable cost increases; when it produces less, the variable cost decreases.
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.
Financial forecasting is the backbone of any successful business, and having access to forecasting tools in your native language can make all the difference. That’s why Brixx is excited to announce support for eight new languages, making financial planning and analysis more accessible than ever before.
In today’s world, uncertainty seems to be the only constant. From consistent inflation, to global events that ripple through supply chains and consumer behaviour – navigating the future has never been more complex!
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.
Property management accounting is simply the financial process involved in managing rental properties. Without it, it can be difficult to keep the business running smoothly. Learn more 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.
There are dozens of reasons that a healthcare provider would want to plan their finances – as would any business. Learn more with Brixx.
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.
Revision history, a feature often seen in document editing and software development, is vital in financial forecasting tools. In this blog post, we’ll explore the concept of revision history, its critical role in financial forecasting, and the numerous benefits it offers.
The spreadsheet still remains a staple across many finance departments. This raises an important question: Can they still help with FP&A? We will explore this notion within our article.
A rolling budget is a financial planning approach where the budget or forecast is regularly updated by adding a new budget period as the current one expires. It is often referred to as a continuous budget or a rolling forecast.
Deferred revenue is a critical aspect of financial management. However, it often poses significant challenges in accurate forecasting and tracking. For businesses that offer SaaS products or subscription based services, understanding and effectively managing deferred revenue becomes incredibly important for sustainable growth and financial stability.
Creating a robust financial model is a critical skill for businesses. Whether you’re a seasoned financial analyst or a new business owner looking to gain a deeper understanding of potential financial situations, building a model provides you with the framework to analyze future financial performance. This article serves as a comprehensive guide to help you to understand the key components of financial models, alongside best practices to set them up.
Return on assets (ROA) is a financial ratio that calculates the profitability of a business in relation to its total assets. This ratio is often used to assess how effectively a company is using its assets to generate profit.
When it comes to finance, jargon can quickly become confusing. In this piece, we aim to chop this jargon up into digestible, easy to understand definitions with a simple example.
