The Brixx Insider #3 Xero Beta News and an Update on COVID-19
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.
The Balance Sheet Layout Explained in a Super Simple Example
A balance sheet is an essential tool used to show the value of a business at a specific point in time. In this coffee-infused article, we journey to understand the balance sheet using a coffee shop as an example!
Profit and Loss Example – What Goes into the P&L (Income) Statement?
A profit and loss statement, also called an income statement, shows the revenue and expenses of a business, broken down into categories. This week we’re going line-by-line through an example of this report, introducing the key concepts of the P&L.
Cash flow statement example – a simple analysis of this key report
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.
What is Operating Profit? – Definition, Formula & Example
Operating profit is one of the most important lines on the profit and loss (income) statement. In this article, we explain what it is and why it’s so important with examples, formulas and definitions.
The Brixx insider #2 Financial modelling using Xero data
In this article, we preview the Xero integration in more detail. See examples of how the process will work and how your Xero data and account structure can be used to model future activities and build detailed financial forecasts.
Free Balance Sheet Template – Excel & Google Sheets
Get a free balance sheet template on us! Using a simple, easy to understand structure with automatic formulas, charts and an explanation of each line, if you’re looking to build a balance sheet forecast, there really is no better place to start than with our template, you’ll be forecasting your balance sheet in no time!
Why Does a Balance Sheet Need to Balance?
The balance sheet is packed with financial information crucial to understanding the health of your company. However, for a lot of people, it’s one of the hardest financial statements to get to grips with. Even the most fundamental pillar of the balance sheet, why it needs to balance, eludes many of us.
Gross Profit vs Net Profit – What’s the difference?
Struggling with all the different types of profit in the profit and loss report? Well in this article we break down and demystify gross and net profit. We’ll also explain what they mean for business and give some handy tips on how to improve them.
