West Coaster’s bear with me; Midwesterners please be patient. I know what I am about to say is SO a decade-old for yall, but here I go. I am excited about craft brewing!!! This industry is less than 5 years old to my wonderful city, and the momentum is not slowing. While I love beer, […]
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Quick reminder……..What is our goal? Purposeful Financials In the conditioning phase we emphasize clarity. It is important that we all understand the various processes and technologies that have emerged from the boiling phase. The purpose of conditioning is to stabilize the new processes working toward reliable financials. This step is executed in one of two
We are home! How do we know? Because I said so. On the surface I am hoping the delivery phase pulls together the work put forth in steps one and two. This is the fruit of your labor (and ours, no doubt). Reports, cost analysis, projections, tax filing or planning to name a few. On
We break it down! Why? We need to understand why your process are what they are. Surely the accounting department has some rhyme to the reason. Each brewery is unique in the way it runs its back office. Some self-distribute, others outsource payroll, while others are operating in a dark corner, on crates, beside the
In accounting 101 we learn that profit is the financial benefit that is realized when the amount of revenue gained from a business activity exceeds the cost associated. While textbooks are fun for accountants, let me share my understanding of profit. A super-mentor of mine shared this with me a few years back, and it