Latest blogs
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What Your Accounting Software’s Reports Don’t Tell You — And Why It Matters as Your SME Grows
Most SMEs start the same way. The business owner or their accountant sets up Xero, QuickBooks, or MYOB. The accounting system generates a P&L and a balance sheet each month. Someone reviews the numbers before the quarter closes. That works well enough when the business is straightforward. The problem is that many SMEs keep running…
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Understanding EBITDA, EBIT, and Net Profit: What’s the Difference?
When analyzing a company’s financial performance, key metrics like EBITDA, EBIT, and Net Profit are often used to assess profitability. While these terms may seem similar, each offers a unique perspective on a company’s financial health. In this post, we’ll break down the differences between these metrics and explain when and how to use them.…
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Scheduled Reports: Automate Your Financial Reporting with PDF Delivery
We’re thrilled to introduce our latest feature in BrizoConsol: Scheduled Reports! With this enhancement, you can now automate the generation and delivery of your key financial reports, ensuring timely insights with no manual effort required. What’s New with Scheduled Reports? Why Use Scheduled Reports? How to Set It Up? Simply choose the report you want…
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Introducing the Drill-Down Feature: Uncover Detailed Insights in Your Reports
We’re excited to introduce the latest enhancement to BrizoConsol’s reporting capabilities: the Drill-Down feature! This new tool gives you the power to dive deeper into your financial data, providing greater transparency and insight into your consolidated company reports. What Does the Drill-Down Feature Offer? With the Drill-Down functionality, you can: How Will This Feature Help…
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Understanding Minority Interest Adjustments in Financial Consolidation
When consolidating financial statements, one crucial aspect is adjusting for minority interest, also known as non-controlling interest. Minority interest represents the portion of a subsidiary not owned by the parent company, reflecting the ownership held by outside shareholders. Properly accounting for minority interest ensures that consolidated financial statements accurately present the financial performance and position…