Financial building blocks
Every business is different but they all use the same building blocks. Every business has sources of income, costs related to that income and costs for running the business. Many businesses have assets and all businesses will have to have received some form of funding at some point in its existence.
The components of every business can be broken down into Income, Costs, Assets and Funding. In Brixx, you build plans from components that cover each of these categories.
Click the 'Add Components' button at the bottom of any group.
This opens a new panel on the right showing the library of different components you can add. Click any component add it to the group. You can then double click on the row to rename it. To start entering your forecast into the component, click once on the row to bring up the forecast options.
Income Full Guide
Forecast your expected income for a particular product or service. Alternatively, you can set it to 'Income per unit' allowing you to calculate a unit price and forecast your unit volume.
Used for: All sources of income, from the products you sell or the services you provide.
Cost of Sales/Group Cost of sales Full Guide
Cost of sales is designed to calculate costs that are directly related to your income. These components base their calculation (either percentage or cost per unit) off of your income forecast. Group cost of sales can be added to a Group to calculate off of multiple income components at once. You can also add a Cost of sales that just looks at one Income component in a group. You can add this by clicking 'Add cost of sales' inside the income component.
Used for: Direct costs of selling your products such as postage and packaging, materials costs of the product etc
Operational Cost Full Guide
This cost is designed to calculate general operating costs not related to your sales.
Used for: One-off or repeating costs like rent, insurance, utilities etc.
Employee Full Guide
This component will calculate your staff salaries. You can use one Employee component for every staff member. If you have multiple staff on the same salary you can set them up in one Employee component.
Used for: Calculating staff salaries.
Asset Full Guide
The asset component is designed to calculate the purchase of items you will own that have value. You can choose the purchase price, a depreciation rate and you also have an option to sell it at a later date in your plan.
Used for: Purchasing vehicles, machinery, office equipment etc
Inventory/Group Inventory Full Guide
This component works in a similar way to Cost of sales. Its calculation runs off your income forecast. The difference is you have an option for buying an amount of stock in advance and the value will be reflected in your reports.
Used for: Buying in stock that you will hold and sell over a period of time.
Investment Full Guide
This component allows you to put the businesses cash into investments. Setup growth and regular payment options.
Used for: Investing and growing the businesses money.
Loan Full Guide
The loan component provides a wealth of options for setting up a loan, including your capital and interest repayment options.
Used for: Receiving loans and repaying them
Equity Full Guide
This component manages who has shares in the business, how much they are sold for and whether the shareholders receive any regular payments from the business.
Used for: Putting money into the business from investors/shareholders (or the owner).