The wine industry is not just about vineyards and vintages; it’s also a complex business that requires careful financial management to thrive. At the heart of this financial success lies an essential element: inventory costing. At Protea Financial, we want to explore the wine industry’s two primary inventory costing approaches, shedding light on their benefits and…
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Do you own or manage a winery? If so, you know that keeping track of your wine inventory and financial transactions can be a complex task. With bottles coming in and out of your cellar, sales happening both in-person and online, and various expenses to account for, it’s easy for things to get tangled up….
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Are you a part of the vibrant and ever-evolving wine industry? If so, then you’re probably well aware of the unique challenges that come with reconciling finances in this dynamic field. From managing inventory to tracking sales and expenses, maintaining accurate financial records can be quite a balancing act. But fear not! Here at Protea…
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As Thanksgiving approaches, it’s a time to pause and reflect, a moment to express our heartfelt gratitude and appreciation. Here at Protea Financial, often referred to lovingly as the Protea family, we are embracing this season of thankfulness with open arms. To Our Exceptional Team: Firstly, to our incredible team: your fortitude, diligence, and unwavering…
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You may have heard of the updated lease accounting standard, but as a business owner, it wouldn’t be a stretch to assume you might not have given it another thought if you’d heard of it all. If you’re unfamiliar with ASC842 and wondering if it impacts you, this piece is highly beneficial and worth a…
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Are you a business owner looking to take your company to new heights? Scaling and operating a successful business often requires extra financing. But with so many options available, how do you know which one is best for your unique needs? That’s where the financial experts at Protea Financial come in! We’re here to help you navigate…
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