Managing a winery involves passion and precision, much like the art of winemaking itself. Whether you’re a seasoned vintner or new to the industry, understanding the financial underpinnings of your business is crucial. One of the fundamental aspects of this is grasping how profit and loss (P&L) work specifically within the wine industry. Dive into…
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In this episode, Zane Stevens discusses the implementation of three new technologies at Protea Financial: Guru Reach Reporting, and Karbon Client Tasks. Guru is an internal intranet system that consolidates important company documents, training information, and standard operating procedures. Reach Reporting has improved the quality of management reporting to clients and increased client engagement. Karbon…
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In this episode, Zane Stevens discusses the importance of continuously improving and the role of ego in hindering progress. He emphasizes the need for diversity of ideas in the accounting industry and encourages accountants to be open-minded and receptive to different opinions. Zane also highlights the importance of embracing different methodologies and approaches to running…
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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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In this episode of Protea Weekly, Zane Stevens interviews Ashley Leonard, the founder of InnoVint, a winery operating system. They discuss the importance of inventory costing in the wine industry and how InnoVint helps wineries manage their costs more effectively. Ashley shares the background and development of InnoVint, highlighting the need for compliance and traceability…
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In this episode, we discusses the importance of inventory costing in the wine industry. He emphasizes the need for accrual basis accounting and explains how tracking costs on an accrual basis provides a basis for making good business decisions. Zane focuses on the complexities of inventory costing in the wine industry, where the process from…
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