Finance Tips

What is Economic Profit
7 min read
7 March 2025

What is Economic Profit and Why is it Important for Businesses?

In the world of business, there’s a critical distinction between different types of profit that can impact decisions at every...

What is the FAST Standard in Finance
4 min read
14 November 2024

What is the FAST Standard in Finance?

If you're reviewing the intricacies of financial reporting or wish to streamline your business’ financial statements, this blog post is...

what is a gearing ratio
7 min read
30 January 2025

Gearing Ratios Explained – How to Use Leverage Analysis

In the final part of the KPI and Ratio series we're looking at gearing ratios, which reveal the inherent risks...

Profitability Ratios and KPIs you need to know
8 min read
30 January 2025

What are the Key Profitability Ratios for Businesses?

Profitability metrics are a group of key performance indicators that analysts use to measure businesses. This week we explain profitability...

what is an asset
6 min read
2 May 2024

What are Assets in Accounting?

Learn more about assets and their place in the financial planning landscape. There are many classifications of asset, which we'll...

A Guide to Profit and Loss (P&L)
4 min read
10 January 2025

A Guide to the Profit and Loss Statement (P&L)

The Profit and Loss Statement is probably THE most confusing of the big three financial reports. But why is it...

Management Reporting Best Practices & Examples – Brixx
7 min read
4 December 2024

What is Management Reporting?

Management reporting is a type of report given to management-level employees within a business. A management report typically involves employees...

The Difference Between Credit and Debit in Accounting
2 min read
14 March 2024

The Difference Between Credit and Debit in Accounting

Welcome to part 1 of 3 in this “Accounting Crunch” series. In this series, we’ll be covering debits & credits,...

what-is-a-rolling-budget-hero
7 min read
15 February 2024

What are Rolling Budgets in Finance?

A rolling budget is a financial planning approach where the budget or forecast is regularly updated by adding a new...

what is deferred revenue in finance
4 min read
10 January 2025

What is Deferred Revenue in Finance?

Deferred revenue is a critical aspect of financial management. However, it often poses significant challenges in accurate forecasting and tracking....

How to Forecast a Balance Sheet Report
6 min read
15 January 2025

What is a Balance Sheet Forecast Report?

Balance Sheet forecasting is often undervalued when running a business. This week, I go into detail about the Brixx Balance...

How to Set up an Established Business in Brixx
3 min read
28 November 2024

Learn how you can set up an established business in Brixx

Do you have an established business? If you do, it's important to have a financial plan. The good news is...

how to raise capital
11 min read
28 November 2024

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...

What is Data Visualization and Why is it Important
10 min read
13 October 2023

What is data visualization 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...

Cash Flow, Balance Sheet and Profit & Loss - The Key Financial Reports blog header image by Brixx Software
4 min read
5 October 2023

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...

what is financial health and how do you measure it
6 min read
3 October 2023

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...

the rule of 72
9 min read
6 September 2023

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...

What is GST in Accounting
8 min read
1 September 2023

What is GST in Accounting? (Goods and Services Tax Explained)

Goods and services tax (GST), is a value-added tax (VAT) on the supply of goods and services. Registered businesses include...

What is a Pricing Strategy
8 min read
30 August 2023

What is a Pricing Strategy? How to Identify a Strategy for Your Business

So far this week we’ve looked at how to choose the right business model for your startup. Now, we’ll be...

Understanding the basics of cash flow forecasting in Excel
4 min read
16 August 2023

How to Avoid Making a Mess of Cash Flow Forecasts in Excel

Spreadsheets are ubiquitous for a reason - you can use them for anything! But with increasing complexity comes the danger...

financial forecasting and planning with ChatGPT
13 min read
9 May 2023

How to Use ChatGPT for Financial Forecasting and Planning

Financial forecasting and planning are essential for any business, big or small. However, traditional financial analysis methods can be time-consuming...

Understanding Profit vs Cash Flow
3 min read
1 September 2020

Understanding Profit vs Cash Flow

Ever wondered how a business can be profitable but run out of cash? In this article, we cover what is...

Building up a Brixx plan - a 24 minute demo
22 min read
5 August 2020

Building up a Brixx plan – a 24 minute demo [Video]

This week we bring you a video demo of Brixx - a "back to basics" tour of the app that...

A blank t-account
7 min read
8 July 2020

A Guide to T-Accounting (With Examples)

Welcome to part 3 of 3 in this “Accounting Crunch” series. In this series, we’ll be covering debits & credits,...

Bike rusting with text reading "How to calculate depreciation"
6 min read
1 July 2020

Calculating Depreciation – Which Method is Best?

Got a fancy new asset and not sure on the best way to depreciate it? What even is depreciation? In...

what is double entry bookkeeping
5 min read
24 June 2020

What is Double-Entry Bookkeeping?

Welcome to part 2 of 3 in this “Accounting Crunch” series. In this series, we’ll be covering debits & credits,...

6 cash flow confusions that commonly confuddle business planning
12 min read
21 April 2020

6 cash flow confusions that commonly confuddle business planning

Numbers can be open to interpretation, especially if you’re not used to arcane accounting methodologies. Maybe you usually leave the...

Financial Jargon Buster Guide
20 min read
7 March 2025

Financial Jargon Buster Guide

When it comes to finance, jargon can quickly become confusing. In this piece, we aim to chop this jargon up...

How to Measure the Success of a Marketing Campaign
7 min read
10 January 2025

How to Measure the Success of a Marketing Campaign

You've started marketing your product or service. How can you tell if it's doing well or not? Well in this...