by Kary@BeerBusinessFinance.com | Nov 18, 2024 | Financial
Once you’ve created your brewery financial plan, the real work is to put it into practice. To execute. To make the plan a reality. The best way to do this is to engage your managers using weekly financial huddles and the 2-minute drill Weekly huddles provide...
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 14, 2024 | Financial
The quickest way to determine what goes into beer COGS is to ask this question: “Is this cost essential in the production and packaging of my beer?” If the answer is yes, it goes into cost of goods sold. Or, you could phrase the question differently....
by Kary@BeerBusinessFinance.com | Oct 13, 2024 | Financial
NanoCon, an online educational event for breweries is happening October 25, 2024. I’ll be presenting on Taproom & Brewery Financial Metrics to Follow. You’ll get lots of spreadsheets, templates, models and key metrics to help improve financial results...
by Kary@BeerBusinessFinance.com | Oct 4, 2024 | Financial
The chart of accounts is that fancy listing of assets, liabilities, equity, sales and expenses. It’s all the stuff you own, things you owe, revenue streams you generate, and costs you have to pay. And it’s really important that your chart of accounts is...
