Practical advice on forecasting, cash flow, and planning, plus templates, walkthroughs, and strategies you can apply straight away.
It is crucial to have effective financial planning for the success and growth of any organisation. To achieve accurate and insightful financial analysis, companies often turn to specialized software solutions. Two popular options in the market are Brixx and Poindexter.
In this blog post, we will compare two popular business planning software options: Brixx and LivePlan. By examining their features, usability, and pricing, we aim to provide you with a comprehensive comparison to help you make an informed decision.
In today’s competitive business environment, having robust financial planning software is essential for effective decision-making and long-term success. Two popular options in the market, Brixx and Futrli, offer comprehensive solutions to simplify financial forecasting, scenario planning, and analysis.
Journal entries are the recorded transactions that your business carries out. Every business activity that involves money – sales, purchases, salaries, loans, and more – will lead to at least one journal entry. It is a chronological record of how your business’s money is being spent or earned.
Scenario analysis is a technique used in various fields, such as business, finance, and risk management, to evaluate the potential outcomes of different future scenarios. It involves constructing and examining multiple possible scenarios to understand their implications and assess the associated risks and opportunities.
Financial forecasting & modelling is all about trying to predict the future of your business and sensitivity analysis is just a part of that. Something we’re pretty used to at Brixx!
As a business owner, setting the right prices for your products or services is a balancing act. Price it too low and you might not cover costs or make a profit, price it too high and you risk losing potential customers to more affordable competitors. A crucial element to getting your pricing strategy right lies…
Creditor days, also known as payable days, is a financial ratio that quantifies the average time it takes for a business to pay its suppliers after receiving goods or services. It’s a reflection of the company’s payment policies and cash management strategies, playing a critical role in its relationship with suppliers and overall cash flow.
In the realm of finance, liquid assets are the lifeblood of financial flexibility. In this comprehensive guide, we delve into the world of liquid assets, exploring their types, importance, evaluation strategies, and practical tips for maximizing their potential.
Sales forecasting provides valuable insights and predictions about a company’s future sales performance. This guide will help you understand the basics of sales forecasting, its importance, factors affecting it, the variety of forecasting models available, and how to create an effective forecast.
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.
As we step further into the digital age, there’s a seismic shift reshaping how businesses handle their financial operations. One prominent force behind this transformative movement is the integration of Artificial Intelligence (AI), specifically Generative Pretrained Transformers like ChatGPT.
Accounting standards are a set of principles and guidelines that all accounting professionals and businesses must follow when preparing financial statements. In this comprehensive blog post, we will delve into the basics of accounting standards.
This blog post delves into how ChatGPT can improve scenario forecasting in Brixx, offering a more robust, dynamic, and predictive approach to financial planning.
In this post, we’ll explore 11 different ways you can use ChatGPT to improve your business operations.
There are a huge variety of metrics that you will need to have understanding of when starting your own business. Return on Investment (ROI) is one of these metrics that we will be exploring today.
Understanding all elements of cash flow – including retained cash flow – can be quite a tricky task. We are here to help you understand more about how you can use it.
Financial forecasting and planning are essential for any business, big or small. However, traditional financial analysis methods can be time-consuming and resource-intensive. This is where ChatGPT, a large language model trained by OpenAI, can provide a valuable tool to assist your business financial forecasting and planning.
Using ChatGPT to write a business plan might sound appealing, but it’s not as simple as relying on AI for the entire process.
Debt factoring is a financial transaction in which a business sells its accounts receivable, or outstanding invoices, to a third-party financial company, known as a factor.