Blog

Practical advice on forecasting, cash flow, and planning, plus templates, walkthroughs, and strategies you can apply straight away.

  • Understanding year-to-date (YTD): What it is and how to calculate it

    Year to Date, commonly known as YTD, is a term that refers to the period starting from the first day of the current calendar year up to the present day. The concept is frequently used in financial and accounting contexts to measure performance metrics such as revenue, expenses, returns, or earnings over that time frame. YTD provides a snapshot of how well a business, an investment, or an individual is doing financially within a given year.

  • Excel vs specialised accounting tools: a comprehensive guide

    Choosing the right tool for managing your business finances is a critical decision that could significantly impact the efficiency and accuracy of your accounting processes. The big question is: Should you go for the age-old, tried-and-tested Excel, or should you opt for specialized accounting software tailored for financial tasks? This article aims to explore the strengths and weaknesses of both to help you make an informed decision.

  • How to raise capital for your business

    Starting your own business venture can be very exciting, but it often requires a critical ingredient for success: capital. Whether you’re a startup looking to turn your idea into reality or an already established business owner seeking to grow, securing the necessary funding can be an overwhelming tas

  • What is data visualisation and why is it important?

    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.

  • How to value a business: a comprehensive guide

    Understanding the worth of your business is not just a matter of numbers. It’s about comprehending the myriad factors that give your business its unique value. Whether you are looking to sell, seeking investment, or planning for the future, a business valuation provides the critical information you need to make well-informed decisions. This guide aims to walk you through why valuing your business is essential and the multiple factors that can affect this valuation.

  • The Ultimate Guide to the Three Financial Statements

    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.

  • Understand financial health and how to improve it

    Welcome to our comprehensive guide on understanding more about your financial health and how to assess your progress. Whether you’re a seasoned investor or just starting your financial journey, this guide will provide you with the knowledge and tools needed to evaluate your financial situation effectively.

  • Understanding Free Cash Flow: What is it and How To Calculate

    Free cash flow (FCF) is a financial metric that quantifies the amount of cash a business generates after accounting for capital expenditures. Capital expenditures, often abbreviated as CapEx, include investments in long-term assets like buildings, machinery, and equipment. Essentially, Free Cash Flow provides a clearer picture of a company’s financial health by showing how much cash is available for various purposes such as reinvestment in the business, debt repayment, or distribution to shareholders.

  • Section 179: What is a 179 Deduction in Finance?

    One of the most valuable tools in a business owner’s arsenal is the Section 179 Deduction. If you’re a business owner or a financial manager looking to optimize your tax strategy and save significantly on your expenses, understanding the ins and outs of Section 179 is absolutely crucial.

  • What is Revenue Bridge Analysis?

    In this article, we’ll explore what exactly revenue bridge is, and why it holds a pivotal role in financial analysis. Whether you’re a seasoned financial analyst or a business owner looking to gain a deeper understanding of your company’s revenue dynamics, this guide will equip you with the knowledge and tools you need.

  • 6 Ways Financial Forecasting Isn’t What You Think It Is

    Financial forecasting is a discipline shrouded in mysticism. How do people make predictions and why do people use it if they are never accurate? In this article we delve into these ideas and uncover why financial forecasting isn’t what you think it is.

  • What is Bank Reconciliation?

    Navigating the financial landscape of a business involves various important practices, and one of the most crucial among them is bank reconciliation. This article will introduce you to what bank reconciliation is and why it’s an indispensable part of modern business.

  • What is Inventory Turnover Ratio?

    Navigating the complexities of modern business requires a keen understanding of various financial metrics. One such vital tool is the Inventory Turnover Ratio (ITR), a standard gauge that evaluates how efficiently a business manages its inventory. In this comprehensive guide, we’ll peel back the layers of the Inventory Turnover Ratio, helping you to understand its formula, practical tips, and real-world examples.

  • What is the Rule of 72 in Finance?

    The Rule of 72 is a fundamental financial concept that provides a quick and easy way to estimate the time it takes for an investment to double in value, based on a fixed annual rate of return.

  • What is Competitor Analysis? How to Conduct Competitive Research

    Ever wondered what the best ways to find competitors for your upcoming business? How do you analyse them? Don’t worry we cover all the ways you can find your competitors, both local and online. Then we’ll go through the ways that you can analyse them to influence your business decisions.

  • What is a Static Budget in Finance?

    Understanding how to budget effectively is crucial for any business. In this comprehensive guide, we’ll focus on static budgets—one of the most straightforward yet powerful tools in financial planning. From its definition and advantages to its limitations and practical implementation, we’ve got you covered. Read on to also discover how Brixx software can elevate your static budgeting process.