A Beginner’s Guide to the Cash Flow Forecast Report
The Cash Flow Forecast is probably the most sought-after financial report – but why is this, and how does cash flow work? We explain it, line-by-line, in our beginner’s guide đ
How to understand the Profit and Loss Statement and why it’s confusing
The Profit and Loss Statement is probably THE most confusing of the big three financial reports. But why is it confusing? In this article, I’ll demonstrate how the P&L works and give examples of some common confusions đ
Cashflow Statements – The Direct Method Format
Today I’ll explain how the direct and indirect statements of cash flows differ, with examples of each. I’ll also discuss why Brixx uses the method it does.
A beginners guide to forecasting business cash flow for startups
When you first start up a new business, it can feel like you are surrounded by a whirlwind of things to do. Read our guide to find out how to make the best start to your business with a well-informed cash flow forecast.
Why burn rates will make you question everything
Startups need watch their burn rate. This article is for you if you haven’t heard the term “burn rate” associated with anything other than exercise before.
How Cash Flow Kills Small Businesses
Cash flow problems can cause otherwise successful businesses to go bust. This is a truth that bears repeating, which is why this about the third article in which I have repeated it!
Small businesses are especially at risk as they may not have reliable access to sources of finance, having to turn to loans to get them out of trouble, which will, in turn, negatively affect their future cash flow.
Storytelling with charts
I was going to start by saying âa picture is worth a thousand wordsâ – but you all know that one already. Financial charts are great ways to get across the story of your business, even if that story hasnât happened yet! So rather than just using charts to convey dry information, Iâm going to talk about using charts to tell stories.
Brixx business planning – The Basics [video]
In today’s blog post, we take a look at one of the new training videos. This video goes through the basics of Brixx, it’s a great starting point and highlights what you can do in a Brixx plan and how you do it.
From planning household finances to planning business finances
Brixx is a tool for business planning. Some of the entrepreneurs I have spoken to have said âI donât really think about planningâ, or âIâll just leave that to my accountantâ. I think part of this reticence about getting engaged with financial planning is due to it being seen as overly complex. Something for a trained professional. We have tried to remove these barriers of complexity, to demystify finance. But if youâve not started a business before, what can you draw on to try and understand how to forecast and plan a business?