Summary In this episode, Zane Stevens discusses the importance of understanding the cost of products in the wine industry. He highlights the complexity of determining product costs, especially in manufacturing. Zane emphasizes the need for accrual basis accounting to accurately track inventory costs. He explains how accounting can be a service that provides information for…
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Are you a small business owner looking to avoid costly mistakes and ensure financial success? Accurate bookkeeping is the key to navigating the complex world of business finances. From tracking expenses to financial planning and forecasting future growth, proper bookkeeping can make or break your bottom line. Join us as we delve into the importance…
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Are you confident that your current costing method in the wine industry is effectively driving your business forward? As a wine producer, it’s imperative to continually assess and refine your costing methods to maintain competitiveness and profitability. At Protea Financial, we understand the complexities of the wine industry and offer expertise to help optimize your…
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In this conversation, Zane Stevens discusses the importance of protecting cash and paying valid bills. He shares a story about a costly lesson learned from paying a phony bill and emphasizes the need for good processes to prevent such incidents. Zane also highlights the risks associated with using checks for payments and the importance of…
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Welcome to the world of wine, where every sip is an experience worth savoring. Whether you’re a passionate winemaker or a dedicated connoisseur, one thing remains certain: the success and sustainability of your wine business rely on effective inventory costing strategies. Protea Financial wants to explore two key methods to propel your winery toward growth and…
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In this episode, Zane Stevens discusses the importance of managing cash flow in a tough economy. He highlights the challenges faced by businesses, particularly in the luxury and alcohol beverage industries. Zane emphasizes the significance of accounts receivable as a tool to supplement cash flow and urges business owners to collect the money owed to…
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