Goal Setting
Year Over Year (YOY) in Finance: What Does it Mean and How is it Used?
Year-over-year (YOY) is a financial term used to compare data for a specific period of time with the corresponding period...
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...
Turning data into actionable insights: Create meaning with data
Data is an invaluable resource that businesses cannot afford to ignore. However, how do you get actionable insights from such...
What is Management Reporting? Best Practices and How to Create One
Management reporting is a type of report given to management-level employees within a business. A management report typically involves employees...
What is the month-end close process? A complete guide of month-end
In this comprehensive guide, we'll delve into the intricacies of the month-end close process. From understanding its importance to identifying...
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?
In a world where data is at the forefront of all businesses, the ability to understand and communicate data effectively...
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....
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 Incremental Budgeting in Finance?
Capital budgeting enables informed decision-making regarding the allocation of financial resources for projects that contribute to the company's growth and...
What is Capital Budgeting in Financial Management?
Capital budgeting enables informed decision-making regarding the allocation of financial resources for projects that contribute to the company's growth and...
How to manage inflation with Brixx
Inflation, an ever-present economic phenomenon, can significantly impact our financial well-being, both as individuals and businesses. As we navigate the...
What is Break-Even Analysis: Calculating Break-Even for your Business
A break-even analysis is a critical metric for businesses as it provides valuable information about the minimum level of activity...
What are Journal Entries? A Beginner’s Guide to Journal Entries in Accounting
Journal entries are the recorded transactions that your business carries out. Every business activity that involves money - sales, purchases,...
Why All Entrepreneurs Should Take Risks
Risk-taking is an essential part of entrepreneurship, and it's what sets successful entrepreneurs apart from the rest. In this article,...
Debtor Days Formula & Calculation
The debtor days formula is a useful tool for businesses to understand how long it takes to collect payments or...