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.
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.
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.
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.
Profitability metrics are a group of key performance indicators that analysts use to measure businesses. This week we explain profitability and show how these KPIs can be useful to your business.
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 😀
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!
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.
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!
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.
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.
Operating profit is one of the most important lines on the profit and loss (income) statement. In this article, we explain what it is and why it’s so important with examples, formulas and definitions.
Struggling with all the different types of profit in the profit and loss report? Well in this article we break down and demystify gross and net profit. We’ll also explain what they mean for business and give some handy tips on how to improve them.
New to the profit and loss statement? Getting confused with all the terminology? Well, fear not! In this article, we break down net profit and revenue and compare the differences. You’ll be a revenue and profit wizard in no time!
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!
