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.

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.

This week, we’re looking at budgets and forecasts. Have you ever wondered what the difference is between a budget and a forecast? Or whether you need one or the other, or both? Find out the answers here.

Financial forecasting is critical for all businesses. However, the accuracy of these forecasts is a topic of ongoing debate. This article delves into the challenges surrounding financial forecasting, explores the factors influencing its accuracy, and discusses how to best and most accurately create accurate forecasts.

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.

Financial forecasts are key to helping your business make the unknown a little more known! Let’s take a look at the top 4 advantages of financial forecasting here.

In this blog, we will focus on Financial Planning & Analysis (FP&A), a critical element in business management that intersects finance, strategy, and decision-making.

In this article in our series on the basics of Financial Forecasting, we take a look at how long your forecasts should be.

Over December 2022 and Early January 2023, we have released several updates and bug fixes to improve our user experience. Including the introduction of our Tax report, enabling you to view a breakdown of Tax payments for your plan.

Deciding on the best financial forecasting method can be a challenge as there are two primary approaches to consider: top-down and bottom-up forecasting.
