Spring is in the air, and so is the smell of money. That\u2019s the aroma of cold, hard, cash getting deposited into your bank account.\u00a0Sunshine + warmth = increased beer sales.<\/p>\n
Spring time also means spring cleaning. This\u00a0is good for the soul, and it\u2019s good for your brewery finances, too.<\/p>\n
In today\u2019s article we\u2019ll cover\u00a03 Spring Cleaning ideas for your brewery so that you keep your financial information tidy.<\/strong><\/p>\n Financial Spring Cleaning Basics<\/strong><\/p>\n It feels good to clean up. Dis-order causes distraction and confusion. Keeping your financial information clean and organized helps you stay focused and fiscally fit.<\/p>\n As with any cleanup, you\u2019ll need to throw things away. Old documents pile up, create clutter, and need to be disposed of.<\/p>\n Confused about what to keep and what to throw away?\u00a0Use the document retention guide<\/a><\/strong>\u00a0here.<\/p>\n Out with the old and in with the new. Hire a shredding company and clean out all those old invoices, reports and bank statements.<\/p>\n Corporate Docs<\/strong><\/p>\n If you\u2019re like most breweries, you have corporate records stashed everywhere. Some are tacked to the wall, others are in your desk drawer or saved on your laptop.<\/p>\n Corporate records are important because they show the world you are a big-boy or big-girl company. They demonstrate that you have the proper licenses, filings and legal standing to operate your brewery.<\/p>\n Corporate records are critical to maintain your \u2018corporate\u2019 status and the liability protections this provides.<\/p>\n Examples of corporate records include:<\/p>\n If you don\u2019t have the time or patience to locate and organize your corporate records consider hiring an attorney to do it for you. They won\u2019t be cheap, but they will make sure all the necessary docs exist and are properly filled out.<\/p>\n Corporate docs are super important to preserve the \u2018corporate veil\u2019 and protect you from liability. If you plan on borrowing money, banks need to see this information. If you plan on bringing on an investor, or eventually selling, investors \/ buyers will insist on complete and accurate corporate docs.<\/p>\n If you want to do it yourself, use the corporate document checklist<\/a>\u00a0<\/strong>as a guide\u00a0to get started. Spring is a great time to locate, organize and clean up those corporate documents.<\/p>\n Take a Physical Inventory<\/strong><\/p>\n You can fool the others, but you can\u2019t fool me. You haven\u2019t taken a real inventory in years. Probably never is more like it.<\/p>\n No fooling, it\u2019s time to bite the bullet and conduct a full physical count of your raw materials, packaging and finished goods inventory.<\/p>\n Counting inventory can be difficult, time-consuming and un-productive. But these things only happen when you do it the wrong way.<\/p>\n\n
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