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 ReportsHow to use each statement and create real-time reportingChart of Accounts / StructureHow to set up your brewery accounts - Use this TemplateGood Process = Good InformationReconciliations and proper routinesBuilding and training your team / Out-sourcing optionsDIY, out-source, or a combo ResourcesSign Up for the Free 60-Day Trial to the Craft Brewery Financial Training Membershipand get access to the online course: Brewery Financial Training 101Today’s episode is brought to you by BevCap. At Beer Business Finance, we talk a lot about installing systems that improve profitability and health insurance should be no exception. BevCap helps beverage companies apply the same discipline they use across the rest of the P&L to employee benefits, helping create smarter plans, more visibility into costs, and significant savings over time. To learn more visit BevCapManagement.com. Ready to transform financial results in your beer business? Learn more about the Beer Business Finance Association, a network of owners and managers working together to build more profitable companies.