Optimizing Brewery Accounting: Expert Strategies from an Outsourced Accounting and Bookkeeping Services Firm

Introduction

As an outsourced accounting and bookkeeping services firm specializing in the food and beverage industry, we understand the unique challenges breweries face in managing their finances effectively. To help breweries streamline their accounting processes and drive growth, we offer expert strategies leveraging powerful inventory management systems, including QuickBooks and Restaurant365.

Understanding Brewery Accounting Challenges

Breweries encounter specific accounting challenges due to the complexities of managing inventory, production costs, and regulatory compliance. Key challenges include:

• Inventory Management: Efficiently tracking raw materials and finished products.

• Cost Control: Monitoring production expenses to optimize profitability.

• Compliance: Adhering to regulatory requirements and tax obligations.

Leveraging QuickBooks for Brewery Accounting

QuickBooks provides breweries with essential tools to address their accounting needs:

• Customized Chart of Accounts: Tailor accounts to track brewery-specific expenses.

• Inventory Tracking: Monitor stock levels and calculate cost of goods sold accurately.

• Batch Tracking: Trace ingredients and production batches for quality control.

In addition, QuickBooks (QBO) provides:

• Integration with Brewing Software

  QuickBooks seamlessly integrates with specialized brewing software, facilitating automated data transfer and streamlined workflows.

• Financial Reporting

  Generate custom reports to analyze financial performance and make informed decisions.

Leveraging Restaurant365 For Brewery Accounting

Restaurant365 (R365), as an All-in-One Solution offers comprehensive features tailored to brewery operations:

• Bar Accounting and Bookkeeping: Manage tailored chart of accounts, P&L, and financial transactions.

• Bar Inventory Management: Control food and liquor costs with real-time inventory tracking.

• Payroll Management: Streamline payroll processes and retain restaurant workers.

Some additional features from R365 include:

• All-in-One Software

  Restaurant365 consolidates accounting, operations, and payroll into a single software, simplifying management tasks.

• Frictionless Integrations

  Integrate with food distributors, POS systems, and restaurant technologies for seamless operations.

• Accounting and Budgeting

  Automate daily sales and labor accruals, approve invoices, and create side-by-side P&L reports.

• Bar Inventory Control

  Automate inventory management, track item transfers, and identify patterns in food waste.

• Strategic Scheduling

  Optimize labor costs across multiple locations with predictive scheduling and labor data analysis.

• Fast and Flexible Payroll

  Reduce manual work, calculate payroll accurately, and provide employees with fast pay options.

To further assist your business, check out our Liquor Cost Calculator—an interactive tool designed for bars, pubs, and restaurants that helps you easily calculate and control your liquor costs. Discover how this calculator can simplify your budgeting and improve your profitability!

Conclusion

While there are many inventory management solutions available, QuickBooks and Restaurant365 stand out for their powerful features tailored to the needs of breweries. By implementing either of these tools, breweries can streamline their accounting processes, control costs, and drive growth. Our outsourced accounting and bookkeeping services firm specializes in helping breweries achieve financial efficiency and success in a competitive market.

At Over Easy Office, our back-office team is fully trained in the restaurant tech ecosystem, from operations to accounting software. We can help food and beverage businesses implement any accounting software, including QuickBooks and Restaurant365. Additionally, we have expertise in other essential software like POS systems such as Toast, invoicing platforms like Bill.com, inventory management software like MarginEdge, and third-party delivery services like UberEats.

Contact us today to add specialized back-office talent to your operation and elevate your financial management!