Protea Financial knows and understands the specific challenges of running a successful winery. Businesses resistant to innovation will find themselves left behind, especially as wineries seek to establish presences in new regions or markets. If you’re just setting prices to move bottles, you might be leaving money on the table—or worse, losing money without realizing it.

• We compare your winery’s performance against industry peers, providing insights into key metrics such as gross margin, production efficiency, and distribution effectiveness.
• We can help up build a tax strategy customized to the specifics of your business needs with R&D Tax Credits, Disaster Relief Tax Credits, Tangible Asset Incentive Services, and more.
• If you want to spend your time doing what you do best, let the experts at Protea give you the luxury of not having to think about your books.
• Gathering, detailing, and specifying all the numbers isn’t enough.
• Whether you need help managing your business’s finances, bookkeeping services, tax services, or making sound investment decisions, we have the business consulting expertise and experience to get the job done.
• Managing them strategically gives you a crystal clear picture of your winery’s financial health.
• We keep a close eye on prime costs, inventory tracking, cost of goods sold, and all the details that impact your bottom line.

David Dillwood, CPA

Not only does your business straddle several business sectors, but inclement weather can affect vital crops, making raw materials scarce and more expensive. In addition, production runs may need to be aged over a period of years to reach optimal drinking quality, which in turn delays recovery of production related outlays and expenditures. If you want to spend your time doing what you do best, let the experts at Protea give you the luxury of not having to think about your books.

Industry Benchmarking

Perhaps you were looking for a new business venture and realized there was a burgeoning niche market for boutique spirits or maybe you turned your beer making hobby into a small business. Even more importantly, the accounting professionals at Cook CPA Group also understand how your business works—from terroir to tasting room to production and distribution. Brent’s career journey has been marked by a diverse range of experiences. He began at Moss Adams, where he closely partnered with wineries and food manufacturing companies in California and across the United States.

Your partner in building a thriving winery business.

That’s why it’s critical for accountants and winemakers to sit down together and create a clear system—once the rules are set, it’s easier to keep things consistent. Ready to elevate your winery’s financial management to the next level? Our expertise in winery accounting empowers you to make bookkeeping for cleaning business the most of your financial data. Brent’s professional ethos revolves around building strong client relationships and helping them navigate the dynamic and ever-evolving wine industry. His deep-rooted understanding of the sector makes him a valuable asset in steering wine businesses toward continued success.

Top-tier research.Big impact.

Finally, you must track how much is spent on all the other operational costs of your winery. It’s exacting work, and made worse by the often confusing overlap between overhead, production, and material costs. ✔️ Inventory Valuation Reports – If your accountant is only looking at your books and not considering the actual wine inventory, you could be missing major financial details. Proper inventory valuation ensures that your balance sheet reflects what’s really happening in the cellar.

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Winemakers focus on the craft of making great wine, while winery accountants keep the financials in check. Knowing about strategies such as accrual accounting and smart production account management helps you make confident financial decisions, fueling your winery’s success. Classes and tags in QuickBooks Online (QBO) accounting software give you X-ray vision into your winery’s finances. Over time, they reveal hidden insights that lead to smarter business decisions. To calculate COGS, periodically transfer the accumulated totals from these temporary ‘other expenses’ accounts on your P&L to the appropriate inventory accounts on your balance sheet. For example, “work-in-progress” for aging wine, or “finished trial balance goods” for ready-to-sell bottles.

We will not only help you get the most return on your taxes, but we’ll also be there with you as an ongoing business partner and confidant. Our team at C&D specialize in agriculture accounting and have served wine business owners in Central California and the Napa Valley winery accounting for years. Our clients range from small boutique vineyards to wineries that sell over 100,000 cases annually.