A MIS Report (Management Information System) is a set of reports that that provides information to management and other decision-makers in a business. Read on to find out more about these essential financial reports.
The prudence concept is a core accounting principle that means choosing conservative methods to understate assets and overstate liabilities, anticipating potential losses and recognising them early, and only recognizing gains when certain – without estimations or presumptions.
Comparing forecasts to actuals is a way to assess the accuracy and reliability of the predictions. It allows for an evaluation of how well the forecasts aligned with the real-world outcomes.
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.
In a world where data is at the forefront of all businesses, the ability to understand and communicate data effectively has become a valuable skill. Data is not just numbers; it’s a story waiting to be told, which is where data visualisation comes into play. Read on to learn more about how visualising your data can help your business.
Accounting is the backbone of any organization’s financial operations – however, it has to be done correctly and within regulations. The Generally Accepted Accounting Principles (GAAP) play a vital role in establishing consistency and reliability in financial reporting.
An aged debtors report is a financial report that shows the amounts owed to a business by its customers, classified according to the length of time that the amounts have been outstanding.
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.
This month we have released a host of new features for the Inventory component, as well as a new Inventory report and report settings menu. This will provide some fresh new forecasting methods for stock purchase and sale.
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!
This week – plan sharing is finally here! We have just released a host of new features and two new reports – find out more in this post… 😉
