Practical advice on forecasting, cash flow, and planning, plus templates, walkthroughs, and strategies you can apply straight away.
If you’re new to the balance sheet, understanding each of its components can seem like an overwhelming and complicated ordeal. So, today we’re going to tackle some of the most frequently misunderstood components of the balance sheet, fixed and current assets. First, we’ll break down fixed and current separately and explain their categories, then we’ll draw the differences between the two.
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?
Using Brixx can help you to understand the impact of your funding decisions. Compare scenarios side-by-side get to grips with your planning.
In 2026, businesses have a unique opportunity to leverage advancements in AI to their advantage. With AI tools once considered a luxury now accessible to small and medium-sized businesses, implementing AI solutions could be the key for taking your business to the next level.
In accounting, a normal balance refers to the side of an account that shows increases, which will either be on the debit side or the credit side. These increases aren’t ‘good’ or ‘bad’, they simply exist to show what is in that account
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.
Learn what T-Accounts are, how they work, and see examples. Understand their role in double-entry accounting and financial reporting.
Having a business planning cycle helps your vision to keep on track, but what exactly is the process? Read more to find out how we manage it.
Overall, a cash flow forecast is a powerful tool that enhances financial planning. It provides businesses with greater control over their finances and helps them navigate through various financial challenges more effectively.
Without proper management of cash flow, a business simply cannot survive. In this blog, we will explore what cash flow forecasting is, why it’s important, and how you can create and automate your cash flow forecast to ensure your business’s financial health and success.
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.
Learn how tools like Brixx help accounting firms work smarter, serve clients better, and stay ahead in a fast-changing industry.
The terms “financial model” and “financial plan” are frequently used interchangeably, which can lead to confusion. However, understanding their differing roles is crucial for effective financial management.
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.
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.
