“Behind every glass is 12 hours of paperwork”: Wineries face complex bureaucracy
Article originally seen on the Nappa Valley Register – Sam Jones It takes a lot of sweat and know-how to produce a bottle of wine. It also takes a breathtaking amount of paperwork. Wineries are required to keep detailed records and file endless forms in order to comply with local, state, and federal regulations, pay […]
Equipment, Barrel, and Vineyard Lease Accounting for Wineries
Accounting Standard Codification (ASC) 842 is the new lease accounting standard that is updating the accounting practices within the winery industry as to how financial statements are prepared and presented in regards to all leases including equipment and barrel leases. This blog will serve as an overview of the new ASC 842 accounting standard and […]
The 3 Internal Controls You Need to Overcome Challenges for Your Small to Midsize Business
The internal controls for your winery are a set of accounting SOPs that you need to incorporate in order to protect your assets, maintain reliability, and ensure you are legal and tax compliant. Internal controls will also improve your internal operations efficiency and enable you to overcome accounting challenges in your business. The 3 essential […]
Insurance Changes for the California Wine Industry
The wildfires of late 2019 and 2020 saw some of the most devastating damage to the California wine industry since early settlers started growing their grapes here in the early 1830s. The recent wildfires did more than reshape the topography of California’s wine country. They also restructured how wineries here will be insured amidst a […]
