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Profit and Loss

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

Financial forecasting & modelling is all about trying to predict the future of your business. Something we’re pretty used to at Brixx!  We are always attempting to make these predictions as accurate as possible but no one has a crystal ball. You need to use a range of tools and techniques to help explore an […]

Tim Room 6th November 2020 By Tim Room Read this post
Cash Vs Profit Header

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

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 examples!

Cal Corcoran 1st September 2020 By Cal Corcoran Read this post
how to account for bad debt- improve and prepare

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

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 do will certainly know about it when it happens! Check out what to do when the worst happens in our article.

Tim Room 11th August 2020 By Tim Room Read this post

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.

Cal Corcoran 24th March 2020 By Cal Corcoran Read this post
What is operating profit?

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.

Tim Room 10th March 2020 By Tim Room Read this post
Gross profit vs net profit - whats the difference?

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.

Tim Room 18th February 2020 By Tim Room Read this post
Profit vs Revenue - whats the difference?

Net Profit vs Revenue – What’s the difference?

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 time!

Tim Room 12th February 2020 By Tim Room Read this post
Free profit and loss template

Free Profit and Loss (Income Statement) Forecast Template – Excel & Google Sheets

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 – rather than expertise!

Tim Room 4th February 2020 By Tim Room Read this post
The ultimate guide to financial forecasting and business projections

The Ultimate Guide to Financial Forecasting & Business Projections

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 painlessly!

James Beer 20th August 2019 By James Beer Read this post

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