by Kary@BeerBusinessFinance.com | Jul 19, 2023 | Financial
The chart of accounts is a listing of all the assets, liabilities, income and expense items you want to track in your brewery. There are lots of different ways to set up them up, but in the video below, you’ll find one simple way to organize your chart of...
by Kary@BeerBusinessFinance.com | Jun 26, 2023 | Uncategorized, Financial
When it comes to key performance indicators (KPIs) one-size does not fit all. In your brewery business you have multiple departments: brewing, packaging, taproom, admin, sales, etc. So it only makes sense to give each department manager their own KPI to monitor,...
by Kary@BeerBusinessFinance.com | Jun 19, 2023 | Financial
Key performance indicators (KPIs) can be used to track all sorts of financial and operational results in your brewery. In this post and short video, we’ll review how to you can connect KPIs directly to employee compensation to provide incentives when KPI targets...
by Kary@BeerBusinessFinance.com | Jun 12, 2023 | Financial
Cost of goods sold (COGs) is the biggest expense on your brewery income statement. Big dollars here. COGs is made up of direct materials, direct labor and overhead. Each of these cost items can be measured separately to help manage overall cost of goods. Here are some...
by Kary@BeerBusinessFinance.com | Jun 5, 2023 | Financial
A quick story…a beer business client once told me how much she enjoyed the Financial Roundtable meetings they used to have. They would meet once a quarter with other beer businesses, and share ideas and financial best practices. The meetings would include the...
by Kary@BeerBusinessFinance.com | Jun 5, 2023 | Financial
Tracking brewery cash flow can be difficult, and it’s easy to make mistakes. Here are the 3 Biggest Brewery Cash Flow Mistakes and how to avoid them: No financial plan No tools to track cash flow No training on how brewery cash flow works Let’s go through...
