Are you a winery owner looking to uncork the mysteries of accounting practices? Understanding the difference between accrual and cash accounting is like comparing a bold red to a crisp white – each has its own unique flavor. Let Protea Financial be your sommelier in navigating these financial vineyards. Pour yourself a glass and let’s…
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Unlocking the full potential of your business starts with gaining a clear understanding of your finances. However, managing bookkeeping in-house can be overwhelming and time-consuming for many entrepreneurs. That’s where outsourced bookkeepers come in – offering expert financial clarity and support to help businesses thrive. Following along with the outsourced bookkeeping experts here at Protea…
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As we celebrate the 10th anniversary of Protea Financial, it’s a moment to pause and reflect on the remarkable journey we’ve embarked on. From modest beginnings, we’ve grown into a dependable ally for both businesses and individuals, a journey characterized by dedication, client focus, warmth, and consistency. In this special blog post, we celebrate our…
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Are you tired of spending hours on end sorting through invoices and chasing down payments for your small business? Streamlined billing could be the game-changer you’ve been searching for! In today’s fast-paced digital landscape, leveraging technology to streamline your billing processes is not just a luxury – it’s a necessity. Join the experts here at…
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In wine accounting, understanding the relationship between income statements and balance sheets is crucial for evaluating the financial health of wineries. These two financial statements are interconnected and provide valuable insights into a winery’s performance and sustainability. Income statements, also known as profit and loss statements, reveal the revenue, expenses, and net income of a…
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In the wine industry, balance sheets are crucial financial documents that provide valuable insights into the financial health of a winery. These documents contain key performance indicators (KPIs) that help winery owners and managers make important business decisions. Some of the most important KPIs to look out for in a winery’s balance sheet include inventory…
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