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balance sheet Archives | Brixx

how to account for bad debt- improve and prepare

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

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.

"What is goodwill in accounting"

A Super Simple Guide to Goodwill in Accounting

A Super Simple Guide to Goodwill in Accounting

If you’re new to accounting, goodwill isn’t what you expect it to be (at least for me it wasn’t!). Goodwill can often be the cause of many headaches and arguments in the buying and selling of a business, this is all down to its nature, find out what that is inside!

london skyline with text reading "what are positive and negative working capital"

What are Positive and Negative Working Capital? (and why they’re important)

What are Positive and Negative Working Capital? (and why they’re important)

Working capital is a figure that is essential for business growth, it keeps the cash cycle moving and allows you to pay suppliers and invest in the business. But what are positive and negative working capital? and how important are they for your business? We take a closer look in this article.

Difference between fixed and current assets

Fixed Assets vs Current Assets: What’s the difference?

Fixed Assets vs Current Assets: What’s the difference?

If you’re new to the balance sheet, understanding each of its components can seem like an overwhelming and complicated ordeal. So, today we’re going to tackle some of the most frequently misunderstood components of the balance sheet, fixed and current assets. First, we’ll break down fixed and current separately and explain their categories, then we’ll draw the differences between the two. 

balance sheet template - money balancing on table

Free Balance Sheet Template – Excel & Google Sheets

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!

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