Find out what is on the horizon after our Xero release. 2021 is going to be an exciting year for Brixx!
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.
Cash flow problems kill startups, cash is king and cash flow problems are also the direct cause of global warming. OK, that last one wasn’t true. But you’ve probably heard the others before, or similarly dramatic proclamations. With how much is written on the importance of cash flow problems, you’d have thought it’s the cause […]
In this article we unpack the differences between accrual basis and cash basis accounting. Find out which method benefits your business the most and what insights you can learn from each system.
Basing your strategic business plan on a single forecast is fraught with issues in the unpredictable world we live in. You already know it’s going to be inaccurate before the ink is even dry. In order to create an effective plan of action, you need to model a range of realistic scenarios to be prepared for whichever eventuality becomes reality.
Financial forecasting is a skill you’ve got to put into practice if you want to improve at it. In this week’s article, we’ve formulated 18 top tips to help you improve and create more accurate, useful and meaningful cash flow forecasts. If you can crack this process, you’ll be more prepared for whatever the future will bring.
Numbers can be open to interpretation, especially if you’re not used to arcane accounting methodologies.
Maybe you usually leave the numbers to the accountant, but if you’re a decision maker, then at some point you’ve got to figure out what it all means.
So, today, I’m going to explain some of the common ways cash flow can cause confusion and how you can avoid it.
Read about what’s included in the Xero beta and how you can get involved. Also a little update on how the Brixx team is doing in these strange times.
A cash flow statement brings order to the chaos. Our easy coffee shop example shows how this report can make it easy to understand your business finances. We go through line by line what it all means and where all the important numbers should sit.