in-case you missed the sexy INTRO to this topic Let’s digress for a moment and define the “Back-office.” – n. slang for location in brewery where the paperwork magic happens. (digression end) So what goes on in the back office? Hiring, firing, ordering, loitering, receiving, shipping, counting, Accounting, costing, payroll, utilizing, collaborating, reporting, tracking, paying, […]
Technology Suggestions for the Back Office Pt.2 Read More »
Since this is a super interest of mine, I am going to break it down into two posts: 1) Technology is a Tool and 2) Technology Suggestions for the Back-Office: A burning question that kept surfacing at the conference was, “what software are you using?” When I start working with a brewery I always preface
Technology is a Tool Read More »
Boring stuff: Depreciation is the benefit you receive over a given time period from the capital assets you purchased (tank, fermenter, canning line, etc) Unlike monthly recurring expenses (utilities, office salaries, supplies) capital assets are placed on the balance sheet rather than the profit and loss. The depreciation from these assets is what appear on
Fixed Assets and Depreciation Read More »
To keep up the momentum of the last post I have come up with a list of five “thought points” a potential brewery should consider while planning their arrival; enjoy: Capital – Do you have the money it takes to open a brewery? I see undercapitalized businesses across many industries, and it doesn’t work. Under
5 things to consider before opening a brewery Read More »
Recently, taproom POS (point of sale) questions keep appearing up on my radar. More specifically, people want to know which tablet application is best for their taproom. Within the last 5 years many POS startups have moved in and commanded respect in the space. The introduction of the tablet in business, coupled with these subscription
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,
How It All Started Read More »
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