Profit and Loss

Profit and Loss, Business Management 17–20 min read

How to use sensitivity analysis to protect your business’ future (with examples)

How to use sensitivity analysis to protect your business’ future (with examples)

Tim Room

06 November 2020

Financial forecasting & modelling is all about trying to predict the future of your business and sensitivity analysis is just a part of that. Something we’re pretty used to at Brixx!...

Cash Flow, Profit and Loss, Finance Tips 12–14 min read

What’s the Difference between Cash and Profit and Can a Business Be Profitable But Still Run Out of Cash?

What’s the Difference between Cash and Profit and Can a Business Be Profitable But Still Run Out of Cash?

Tim Room

01 September 2020

Ever wondered how a business can be profitable but run out of cash? In this article, we cover what is cash and profit and what it means for the health of your business...with...

Profit and Loss 15–18 min read

Accounting for Bad Debt: How to prepare for and improve your bad debt

Accounting for Bad Debt: How to prepare for and improve your bad debt

Tim Room

11 August 2020

In this article, we tackle the concept of bad debt - what it is, how to prepare for it, and what to do when things start spiraling out of control. Not every business will experience bad debt, but those that...

Profit and Loss 12–14 min read

Profit and Loss Example – What Goes into the P&L (Income) Statement?

Profit and Loss Example – What Goes into the P&L (Income) Statement?

Tim Room

24 March 2020

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...

Profit and Loss 10 min read

What is Operating Profit? – Definition, Formula & Example

What is Operating Profit? – Definition, Formula & Example

Tim Room

10 March 2020

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...

Profit and Loss 10–12 min read

Gross Profit vs Net Profit – What’s the difference?

Gross Profit vs Net Profit – What’s the difference?

Tim Room

18 February 2020

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...

Profit and Loss 10–12 min read

Net Profit vs Revenue – What’s the difference?

Net Profit vs Revenue – What’s the difference?

Tim Room

12 February 2020

New to the profit and loss statement? Getting confused with all the terminology? Well, fear not! In this article, we break down net profit and revenue and compare the differences. You'll be a revenue and profit wizard in no...

Profit and Loss, Financial Forecasting 13–15 min read

Free Profit and Loss Template (Google Sheets & Excel)

Free Profit and Loss Template (Google Sheets & Excel)

Tim Room

04 February 2020

Get a free profit and loss template on us! Claim your template in this article, which features: equations to calculate totals, the ability to place your figures into the correct financial accounts and creates a professional financial report with ease –...

Cash Flow, Balance Sheet, Profit and Loss, Budgeting, Finance Tips, Financial Forecasting 35–42 min read

The Ultimate Guide to Financial Forecasting & Business Projections

The Ultimate Guide to Financial Forecasting & Business Projections

James Beer

20 August 2019

Financial forecasting is a crucial business activity - so why isn't everybody talking about it? In this ultimate guide, we bring together the reasons why forecasting is so important and how to go about making realistic forecasts...

Cash Flow, Balance Sheet, Profit and Loss, Finance Tips 14–17 min read

Cash Flow, Balance Sheet and Profit & Loss – The Key Financial Reports

Cash Flow, Balance Sheet and Profit & Loss – The Key Financial Reports

Robin Booth

08 October 2018

In number three in our series on financial forecasting, we go on a tour of the 'big three' financial reports. They can be a scary prospect! But knowing a few key bits of info can really help you understand these...

Profit and Loss 18–21 min read

A Beginner’s Guide to the Profit and Loss Forecast Report

A Beginner’s Guide to the Profit and Loss Forecast Report

Robin Booth

27 June 2018

Why is this sandwich being measured? Read on to find out. This week we take a look at the profit and loss forecast. This simple guide goes through each part of the P&L and explains how to make use of...

Cash Flow, Profit and Loss, Finance Tips 18–21 min read

How to understand the Profit and Loss Statement and why it’s confusing

How to understand the Profit and Loss Statement and why it’s confusing

Robin Booth

07 May 2018

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...