Understanding your brewery income statement is important for many reasons.
The income statement tells you about sales trends, what’s happening with cost of goods, margins and operating expenses.
Perhaps most important, the income statement shows whether you are making a profit or not.
The income statement alerts you to financial pitfalls so that you can avoid them, and financial opportunities, so that you can take advantage of them.
In the short video below, I’ll show you my simple process to review and make sense of the income statement.
This will help you better understand the financial results of your business and identify any potential pitfalls that could lie ahead.
Do this next:
- Download the summary income statement templates
- Watch the short explainer video below
- Learn about the new brewery finance network