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An introduction to Brixx components
What is a component?
All businesses are different, but when it comes to financial forecasting, they will all use the same building components.
The components of every business can be broken down into Income, Expenditure, Assets and Finance. In Brixx, you build plans from components that cover each of these categories.
Examples:
- An Income Component could be named T-Shirts to represent something you are selling.
- An Operational Cost Component could be named Phone bills to represent a business overhead.
- An Asset Component could be named Delivery Van to represent a vehicle the business owns.
- A Loan Component could be named Startup loan to represent the funding used to start the business.
Adding components
Click the ' Add Components ' button at the bottom of any group.
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.
The subscription component allows you to model recurring income. It allows you to set up a subscription period and a growing amount of customers on that subscription. You also have options around customer churn and cancellations.
Used for: Subscription products like SAAS businesses or any product or service sold on a recurring basis.
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 is designed to calculate general operating costs not related to your sales.
Used for: One-off or repeating costs like rent, insurance, utilities etc.
The Employee 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.
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
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.
This component allows you to put the businesses cash into investments. Set up growth and regular payment options.
Used for: Investing and growing the businesses money.
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
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: Selling a share in the business for cash.
This component allows the owner(s) to introduce or withdraw funds to or from the business.
Used for: Managing the owner(s) funds in the business.
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