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Author: BrizoSystem

  • Introducing Scheduled Dashboards: Stay Informed, Effortlessly

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    BrizoSystem
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    Keeping track of your business’s financial health and key performance indicators (KPIs) just got easier! We’re excited to introduce Scheduled Dashboards, our latest feature designed to streamline how you receive and review critical business insights. Now, you can have your most important dashboards delivered directly to your inbox—without lifting a finger. What Are Scheduled Dashboards?…

  • Key recommendations for SME owners when choosing a financial reporting tool

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    1. Ease of Use As an SME owner, you may not have an entire finance department. Choose a reporting tool that’s intuitive and user-friendly, allowing you or your team to quickly generate and understand financial reports without needing extensive training. Look for drag-and-drop features, customizable dashboards, and clear visuals. 2. Customization and Flexibility SMEs have…

  • Key Financial Ratios Every SME Should Track

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    BrizoSystem
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    Running a small or medium-sized enterprise (SME) requires a strong grasp of your business’s financial health. One of the most effective ways to measure and monitor that health is through financial ratios. These key ratios help SMEs understand their profitability, liquidity, efficiency, and overall financial stability. In this blog, we’ll explore the most important financial…

  • Practical Use of Financial Reporting for SMEs: Why It Matters

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    BrizoSystem
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    Financial reporting is often viewed as a tool for large corporations, but for small and medium-sized enterprises (SMEs), it is equally important. Proper financial reporting provides critical insights into a company’s financial health, guides decision-making, and ensures compliance with regulations. In this blog, we’ll explore the practical uses of financial reporting for SMEs and how…

  • Understanding EBITDA, EBIT, and Net Profit: What’s the Difference?

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    BrizoSystem
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    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.…

  • Scheduled Reports: Automate Your Financial Reporting with PDF Delivery

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    We’re thrilled to introduce our latest feature in BrizoSystem: 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…

  • Introducing the Drill-Down Feature: Uncover Detailed Insights in Your Reports

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    We’re excited to introduce the latest enhancement to BrizoSystem’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…

  • Understanding Minority Interest Adjustments in Financial Consolidation

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    Introduction 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…

  • Understanding Financial Consolidation: Bringing Financial Data Together

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    BrizoSystem
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    Introduction Financial consolidation is a critical process for companies that own multiple subsidiaries or operate in different regions. It involves combining the financial statements of parent companies and their subsidiaries into a single set of financial statements. This provides a clear picture of the overall financial health and performance of a group of companies. Accurate…

  • Understanding VAT and GST: A Guide to Indirect Taxes

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    Introduction VAT (Value-Added Tax) and GST (Goods and Services Tax) are two of the most commonly used indirect taxes worldwide. They play a crucial role in raising government revenue while directly impacting businesses and consumers. Although VAT and GST share similarities, they also have distinct features depending on the country implementing them. Understanding these taxes…