Author: BrizoSystem
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Understanding Different Fiscal Periods Across Countries
Introduction Fiscal periods, or financial years, vary significantly across the globe, influenced by government regulations, economic cycles, and cultural factors. While the calendar year (January to December) is commonly used, many countries have distinct fiscal periods that differ from the standard calendar year. Understanding these differences is crucial for multinational companies, investors, and accountants who…
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Elimination Entry Example
his tutorial explains managing elimination entries in BrizoSystem to adjust intercompany transactions. It covers reviewing, manually inputting, and automating eliminations. 1. Reviewing Entries:Access the Profit & Loss report (Reports → Financial Statements) to view elimination entries, such as debiting Revenue and crediting Purchases (e.g., $10,000 adjustments), which remove intercompany sales and unrealized inventory profits. 2.…
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Announcing the Release of BrizoSystem: Transform Your Financial Reporting
We are excited to announce the official release of BrizoSystem, the ultimate solution for seamless financial reporting and data integration! Designed to simplify your financial management, BrizoSystem connects directly with popular accounting software like Xero, QuickBooks, and MYOB, providing real-time insights, automated consolidations, and customisable dashboards tailored to your business needs. Why BrizoSystem? BrizoSystem is…
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How to use Dashboards
The video demonstrates the dashboards feature in BrizoSystem. After logging in, users are presented with four default dashboards: Main, Profitability, Asset, and Debt Management. Each dashboard displays specific financial metrics, such as net profit and revenue. Administrators can create custom dashboards using the ‘Custom’ option, adding various cards like charts, numbers, combined figures, tables, and…
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Create a consolidated organisation
The video tutorial guides users on creating a consolidated organization in BrizoSystem. It starts by logging in and selecting the “Create a Consolidated Organisation” option. The tutorial demonstrates building the organization hierarchy by adding individual organizations (e.g., Xero, QuickBooks, MYOB) and saving the structure. Users are shown how to connect each organization to BrizoSystem, such…
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Create a single organisation
The video provides a step-by-step tutorial on how to create a single organization in BrizoSystem. It begins by guiding users through the login process and selecting the “Create a Single Organisation” option. The video emphasizes how to connect to an accounting system or upload data using a CSV file, showing the steps to upload the…
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Introducing BrizoSystem: Simplifying Financial Consolidation for Multi-Entity Businesses
We’re excited to announce the official launch of BrizoSystem, a powerful financial consolidation and reporting solution designed for businesses managing multiple entities. Whether you’re a CFO, financial controller, or accountant, BrizoSystem streamlines your consolidation process, saving you time and reducing complexity. Why BrizoSystem? Managing multiple companies across different accounting systems, currencies, and reporting standards can…