The cost of making wine can vary greatly depending on several factors, such as the type of grape used, the region where it’s produced, the size of the winery, and the production process. For example, the cost of producing a bottle of wine can range from a few dollars for a low-end bulk wine to hundreds of…
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Wine accounting is an essential part of the wine industry, but it can often be daunting and confusing, especially for those new to the business. Protea Financial offers wine accounting services tailored to meet your needs and help you understand the basics. Our goal is to help break down the complexities of wine accounting into…
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The Wine Industry has a common language, but do we use it between different disciplines? Stick to 3 rules to empower your colleagues…so that they can help you do your job better. Many wineries and businesses find themselves hesitant to hire outside help because it seems like heavy-lifting to onboard a new person. Similarly, departments…
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Have you ever wondered why it’s important to reconcile your balance sheet regularly? Doing so is essential to ensure the accuracy of your financial records. Still, it can also help reveal any discrepancies that might be costing you money. At Protea Financial, we understand the importance of accurate financial records. We’re here to explain why…
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As we begin a new year, I reflect on two common (and related) questions I’m often asked by business owners or leaders: “How can I set my business up for greater success this year than last year?”, and “How can I accomplish this without working even more hours?” These three key steps will surely set your business up for…
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We are entering the new year, which means many people are setting goals for the new year. As a business owner, you should be doing the same thing. Creating a budget is one of the best practices you can start for your business. What Is a Business Budget and What Are Its Benefits? A…
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