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...
by Kary@BeerBusinessFinance.com | Jul 29, 2024 | Financial
If your brewery is currently losing money, a first step towards profitability is to find your break-even point. The break-even point is the stage where your brewery stops losing money and is poised to start showing a profit. It’s like the profit tipping point....
by Kary@BeerBusinessFinance.com | Jul 23, 2024 | Financial
Standard operating procedures (SOPs) are a written set of instructions that show us how to complete tasks in a consistent way. Financial SOPs are instructions that show us how to create reliable financial statements. We’ve put together a manual of brewery SOPs...
