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SUMMARY:Year-End Inventory & Impact on Your Winery’s Profitability [Basic Webinar]
DESCRIPTION:Join Liz Miranda for this in-depth examination of how to calculate year-end inventory value\, a direct driver of your profitability.\n\n\n\n\n\nAbout this Event\n\n\nJoin Liz Miranda for this in-depth examination of how to calculate year-end inventory value\, a direct driver of your profitability. \nKey Learning Objectives Will Include: \nTracking costs by production center \n\nIncludes examples of a chart of accounts to support accuracy and quality of information\nGrowing costs\nBottling costs\n\nHow to calculate average cost per gallon over multiple vintages \n\nExamples of calculating average cost per gallon over multiple vintages\nExamples of how to more specifically calculate cost per gallon for specific varietals\nVisual access to spreadsheet tool for calculating inventory value\n\nHow to calculate deductible amount of COGS and year-end inventory \n\nExamples of calculating COGS to deduct/year-end inventory balance\nVisual access to spreadsheet tool for calculating inventory value\n\nHow to calculate Gross Margin \n\nExamples of calculating GM\nInformation on healthy GM amount for wineries\nWhat remaining profit should cover\n\nDiscussion of IRS audit red flags – what the auditors look for \n\nAccess to Wine Industry Audit Technique guide published by the IRS\nTips for assigning Section 263A costs to inventory\n\nThis is Webinar is available for FREE to Tier 1 & 2 Members and $50 for Non-Members. \n\nCLICK HERE TO REGISTER
URL:https://newyorkwines.org/event/year-end-inventory-impact-on-your-winerys-profitability-basic-webinar/
LOCATION:Virtual Event
CATEGORIES:Basic Webinar
ATTACH;FMTTYPE=image/jpeg:https://newyorkwines.org/wp-content/uploads/2020/12/inventory-scaled-e1607457301208.jpg
ORGANIZER;CN="New York Wine & Grape Foundation":MAILTO:info@newyorkwines.org
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