Effective Brewery Financial Planning (formerly known as budgeting)

09/14/20 • 18 min

Craft Brewery Financial Training Podcast

Today we'll talk about brewery financial planning and forecasting. Traditional budgeting takes forever and the plan is obsolete once it's done. In this podcast we'll review tools and models to build a financial plan that can be updated regularly so that it remains useful and profitable.
Topics Covered

Financial Planning
Best Practices and Planning Pitfalls to Avoid
7 Steps to a Brewery Financial Plan
Sales, margins, expenses
How to build the schedules, without perfect information

Resources
Sign Up for the Free 60-Day Trial to the Craft Brewery Financial Training Membership

Financial Planning
Best Practices and Planning Pitfalls to Avoid
7 Steps to a Brewery Financial Plan
Sales, margins, expenses
How to build the schedules, without perfect information

Resources
Sign Up for the Free 60-Day Trial to the Craft Brewery Financial Training Membership

Previous Episode

How to Use Brewery Financial Reports to Improve Profitability

Financial literacy is the ability to read and understand the numbers of your brewery business with the purpose of improving financial results.
Improving financial results may be in the areas of increased sales, improved product margins, or better cash flow. Financial literacy can help you achieve these goals.
In today's podcast, we review how you can use financial reports - income statement, balance sheet, statement of cash flows - to identify opportunities for financial improvement.
Topics covered in the podcast:

Brewery Financial Reports
How to use each statement and create real-time reporting
Chart of Accounts / Structure
How to set up your brewery accounts - Use this Template
Good Process = Good Information
Reconciliations and proper routines
Building and training your team / Out-sourcing options
DIY, out-source, or a combo

Resources
Sign Up for the Free 60-Day Trial to the Craft Brewery Financial Training Membership
and get access to the online course: Brewery Financial Training 101

Next Episode

Cash Flow Management Tips for Craft Breweries

In your beer business you can outsource payroll processing, bookkeeping and tax return preparation among other tasks. The ONE THING you cannot outsource is Cash Flow Management.
Having enough cash on hand and access to capital is the key to staying in business. Cash Flow Management is the process to measure and monitor your brewery cash to ensure you have enough.
Topics Covered in the Podcast: