Year end financial procedures focus on two areas:
- Compliance items
- Value-added items
Compliance items include filing 1099s and updating W-9s. These are important, need to be done, but don’t add much ‘value’ to your brewery business.
Value-added items are things like reviewing vendor contracts and looking at pricing, terms, options and areas to save money in the new year.
This year-end Checklist can help you uncover lots of areas to add value, decrease costs, improve margins, or take advantage of tax credits that are available to you.
Do this next:
- Watch the short video below: Year end financial procedures
- Get the free craft brewery financial training newsletter
- Download the Valuable Brewery Year End Checklist
