Few things are bigger labors of love than breweries.
They are built out of a passion for beer and the science behind making it, but unfortunately, that often means the proprietors aren’t always the most business-savvy individuals.
It’s important to keep in mind that at the end of the day, you’re running a business, and businesses need to be profitable. Our CPA firm can help breweries meet their financial goals while still doing the thing they love most.
The most important aspect of running a brewery that often isn’t done correctly is keeping track of expenses with the proper level of detail. Without enough data to track expenses, inventory, and sales, how can you possibly hope to increase profitability and efficiency in order to grow your brewery?
There are four main components to tracking costs at a brewery:
– Material Costs
– Brew Day/Packaging Day
– Finished Goods Inventory
– Sales
When you put those all together in a detailed spreadsheet, experienced CPA firms such as LRSCPA can help get you on the fast track to profitability (and drinkability)!