Learn how to structure, review, and synthesize your winery data to build for success – without sacrificing compliance.
About this event
New for 2022! Record keeping can be cumbersome and overwhelming, but it is necessary for compliance and tax purposes. What else can your sales, inventory, and other records tell you about the health and potential success of your winery? Yes, most bookkeeping revolves around a Chart of Accounts and other ‘presentation’ data designed to make tax returns easy to process. And while this is a great goal, that singular focus can sometimes obscure more practical data points that might help us determine if our winery business is profitable and WHY.
Join Gregg McConnell of Farm Credit East as he lead us through the right questions to ask when reviewing our records, and how to manage the data so that it helps build for success – without sacrificing compliance requirements.
Topics will include:
- Profit analysis and cash flow analysis
- Cost to produce wine
- Gross profit
- Business Planning
Presented by Gregg McConnell, Farm Business Consultant, Farm Credit East
This enhanced webinar is supported by NYWGF Sponsor, American National Insurance
American National offers a broad variety of life insurance, retirement annuities, accident and health insurance, pension plan products and services, credit insurance, and property/casualty insurance for personal lines, agribusiness and targeted commercial exposures. Products are distributed through career agents, independent marketing organizations and multiple line exclusive agents as well as direct distribution channels.