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...
by Kary@BeerBusinessFinance.com | Sep 25, 2024 | Financial
“Better options lead to better decisions. Better decisions lead to greater success.” -Michael Bungay Stanier, The Coaching Habit To make better financial decisions in your brewery, you need better options. In his book The Coaching Habit, Michael Bungay...
by Kary@BeerBusinessFinance.com | Sep 11, 2024 | Financial
In our last brewery financial round table meeting we dove deep into cash flow planning. We came up with the 6 Key Drivers of Brewery Cash Flow (below): Net operating income Accounts receivable Inventory Accounts payable Capital expenses Loan / debt payments We also...
by Kary@BeerBusinessFinance.com | Aug 4, 2024 | Financial
Webinar Replay: How to Increase Food Margins in Your Taproom In this free webinar, I’m joined by Justin Lynch from MarginEdge – they make software that provides real-time insights into food costs and margins. Key Topics How to setup your financials to...
