Join Liz Miranda for this in-depth examination of how to calculate year-end inventory value, a direct driver of your profitability.

Key Learning Objectives Will Include:

Tracking costs by production center

• Includes examples of a chart of accounts to support accuracy and quality of information
• Growing costs
• Bottling costs

How to calculate average cost per gallon over multiple vintages

• Examples of calculating average cost per gallon over multiple vintages
• Examples of how to more specifically calculate cost per gallon for specific varietals
• Visual access to spreadsheet tool for calculating inventory value

How to calculate deductible amount of COGS and year-end inventory

• Examples of calculating COGS to deduct/year-end inventory balance
• Visual access to spreadsheet tool for calculating inventory value

How to calculate Gross Margin

• Examples of calculating GM
• Information on healthy GM amount for wineries
• What remaining profit should cover

Discussion of IRS audit red flags – what the auditors look for

• Access to Wine Industry Audit Technique guide published by the IRS
• Tips for assigning Section 263A costs to inventory

This is Webinar is available for FREE to Tier 1 & 2 Members and $50 for Non-Members.