by Kary@BeerBusinessFinance.com | Nov 11, 2024 | Operations
Year end financial procedures focus on two areas: Compliance items Value-added items Compliance items include filing 1099s and updating W-9s. These are important, need to be done, but don’t add much ‘value’ to your brewery business. Value-added items...
by Kary@BeerBusinessFinance.com | Nov 4, 2024 | Financial
One of the biggest obstacles to getting complete, accurate, and timely financial statements is a lack of month end procedures. The month end procedures include: Prepare and record journal entries Reconcile bank statements Prepare state and federal tax reporting Review...
by Kary@BeerBusinessFinance.com | Nov 1, 2024 | Financial
In today’s podcast we break down the key steps to build (and implement) your brewery financial plan EVER. The financial plan is the road map. Where are you now? Where do you want to go? What does financial success look like? Listen to the podcast. Download the...
by Kary@BeerBusinessFinance.com | Oct 28, 2024 | Expense Reduction
How can you lower beer cost of goods, improve margins and become more efficient in your brewery? Here are 9 ideas: Benchmark COGS against industry averages (Resource: Agrowgate) Use group purchasing organizations, or GPOs (Resource: Independent Brewers Alliance)...
by Kary@BeerBusinessFinance.com | Oct 25, 2024 | IT and Software
Tom DeMayo is a partner with PKF O’Connor Davies, specializes in cybersecurity, and is a self-described ‘ethical hacker’. Cybercrime is a $10 trillion problem globally, and breweries are a target. In today’s podcast, Tom shares how these crimes...
