The financial experts at Protea Financial understand that for a winery, the journey from vine to bottle often involves a team that extends beyond your full-time staff. Many wineries rely on the specialized expertise of wine consultants, viticulturists, marketing freelancers, and other independent contractors. While these partnerships are vital for success, they also come with…
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The team at Protea Financial understands that for a small, family-owned winery, the rhythm of life is deeply tied to the harvest. This time is a whirlwind of intense labor and passionate work. It’s also the most critical financial period of your year. As you focus on perfecting your next vintage in the cellar, it…
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At Protea Financial, we recognize that the harvest season represents the most demanding and pivotal time for wineries. The necessity to secure high-quality fruit places considerable pressure on operations, often resulting in accounting procedures being overlooked amidst the urgency. Nevertheless, implementing an efficient harvest accounting process is vital for ensuring financial accuracy, enabling thorough profitability…
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At Protea Financial, grapes represent the primary ingredient in winemaking and are the largest factor in determining Cost of Goods Sold (COGS). Accurately accounting for these costs involves complex considerations. The financial approach to grapes varies depending on whether they are purchased from external growers or estate grown. Understanding these differences is important for precise…
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At Protea Financial, we recognize that for every winery, the monthly close is a non-negotiable financial ritual. It’s the critical process of reconciling accounts, posting accruals, and generating essential financial reports like your Profit & Loss statement and Balance Sheet. While absolutely vital for accurate financial insights and strategic planning, this process can often consume…
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At Protea Financial, we know that the rhythm of a winery extends far beyond the seasonal cycles of the vineyard. Every month brings the critical financial cadence of the “monthly close” – a vital process that summarizes your winery’s financial performance and position. While it can sometimes feel like a daunting task, a streamlined and…
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