The wine industry has been contracting for years. Tasting room traffic is down. Wine clubs are stalling. Wineries are closing. If your financial system isn't built for this, here's what to fix first. You probably know at least one winery that has closed in the last year or two. Maybe more than one. That's not a coincidence. That's a contracting industry — and the wineries that are surviving are the ones that can see their numbers clearly enough to make fast, smart decisions when it counts. So here's the question: can you actually trust your financial numbers? Not "do you have reports." Everyone has reports. The question is whether your reports are telling you something real — something you can act on. Or whether you open QuickBooks, look at the screen, and feel a vague sense of unease because something feels off but you can't quite put your finger on it. If it's the latter, this is not a "you" problem. It's a system problem. Winery bookkeeping isn't like normal bookkeeping. You're mana

Oh sure, there’s a ton of romance and history in the origins of winemaking. And every boutique enterprise, no matter how large or small, has a charming tale to tell about their artisan craft and how it all got started. But at the end of the day, wineries live or die by their numbers No matter how compelling the story or how good the wine, if the numbers don’t work, the business is bound to fail. To avoid that, it’s imperative for wineries to have rock-solid data on their day-to-day fiscal operations so they’re able to determine the overall health of their organization. That’s where having the right financial infrastructure in place becomes critical. Set Up for Wine Industry Protea Financial is an outsourced, operational financial partner intentionally focused on the complexities and challenges of wineries. Winery owners need accurate bookkeeping, timely reporting and proactive inventory management in order to drive profitability. With 12+ years in the business, Protea Financial

If your AP process is getting heavier, approvals are becoming more complex, and you’re stitching together systems to manage inventory and sales… you’re not alone. I’m hosting a 60–90 minute webinar to walk through a finance-first comparison of:  Odoo for Wine vs QuickBooks + BILL  with a deep focus on the workflows that matter most for wineries: AP automation + invoice capture (OCR) Multi-level approvals (by amount, department, vendor, etc.) Analytic distributions — allocate overhead across departments/channels without spreadsheets  Order-to-cash workflows (DTC + wholesale)  Inventory visibility + valuation + traceability   DTC integration for POS, clubs, and DTC   Winemaking integrations — connecting winemaking data to bottling, inventory, and finance. While this webinar will compare and contrast to Quickbooks, it should be valuable for any winery struggling with their current ERP (accounting, inventory, sales, p

With more than 15 years of financial acumen housed in a team of 20 professionals that includes seven licensed CPA’s steeped in wine industry know-how, the Allen Wine Group (AWG) is the premiere CPA firm poised to take the global wine business to the next level. “We work in only one industry: wine,” confirms founder and managing partner Timothy Allen. “Most of our employees worked at a winery before coming to AWG, which gives us the rare experience of being on both sides of the desk. That unique understanding allows us to give our customers exactly what they need to succeed.” Allen Wine Group offers a comprehensive range of financial oversight services to wine industry businesses, specializing in: Fractional CFO and controller work Full-service accounting and bookkeeping Business advice & strategy Winery performance audits Winery compliance Income tax services Audit, review and compilation reports CPA-prepared financial statements Wine Industry CP

Imagine effortlessly handling customer interactions, organizing club releases, and boosting online sales - all from one convenient platform. With Activ8 Commerce, you'll have everything you need right at your fingertips, freeing up your time to focus on what you do best. Don't let the summer rush overwhelm you. Let Activ8 Commerce take the heat off your shoulders and help you run your business smoothly and efficiently. Book a demo today and discover how easy your summer can be with Activ8 Commerce! Cheers to a smooth and successful summer!    

Let's talk finance! We're excited to offer a course on Financial Management and Strategy for the wine industry that starts on June 26. It's part of the Wine Industry Finance and Accounting Certificate and can also be an elective for the Wine Business Management Certificate. Open to everyone interested, this course is a valuable opportunity. In July, we’re also offering Strategic Wine Club Management and a new Compliance workshop on campus. Read on to learn more! What do you learn throughout the course? Financial Management and Strategy This eight-week course provides a concise overview and analysis of the factors critical to financial success for businesses in the wine industry. Students will learn about different corporate and financial structures and strategies; how to deal with business details, like compliance and insurance; and how to use financial planning and analysis to ensure a business’s financial survival and drive growth. Course Goals: By the en

Did you know that check fraud and other financial crimes are at an all time high in the US? In fact, the US Postal Service now recommends that you no longer mail physical checks. So how are you supposed to pay for your seed, fertilizer, or consultants? This webinar will explore a recent check fraud case study that occurred in the dairy industry, and what solutions can help you decrease risk and protect your business from potential fraud. Tues, June 18, 2024 12 p.m. PT Register here: https://www.agloan.com/harvesting-value/ Speaker: Heather Cartwright, American AgCredit Heather Cartwright is an Integrated Risk Analyst specializing in financial crimes. She has previously held positions with retail banks and banking software companies working with the detection, investigation, and prevention of fraud and financial crimes over her 20+ years in financial services.