Finance

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Solution Details

ESTIMATE INVENTORY CAPITAL

  • Store material requirements by date and quickly access them for review, via MRP (FIFO)
  • Analyze ongoing material requirements using existing sales orders, purchase orders, and forecasts
  • Identify and gain insight into future cash flow requirements of inventory, to securely plan capacity enhancements, such as tank purchase, more structured and accurate with easily

REVIEW PRODUCTION COSTS

  • Calculate materials, labor, packaging and overhead production costs at the batch level
  • Review actual costs by product, formula or production facility over a given time
  • Pinpoint underperforming brands or recipes with high variation outside production specs
  • Utilize the Component Cost Roll Up Report – A complete BOM breakdown of the unit cost identifying each element consumed in an individual finished good item, such as hops, water, crowns, bottles, etc.

LABOR UTILIZATION

  • Associate non-inventory items such as labor and overhead, or equipment ‘run-time’ costs by batch and/or brew, for a true cost of goods sold analysis
  • Review actual labor usage based on history of completed batches
  • Calculate anticipated labor needs by reviewing the production schedule and estimated labor required for each item being produced

REVIEW MARGINS

  • Evaluate actual production costs, then cross-reference and compare them to price lists and actual sales history
  • Review your cost of goods sold across brands and vendors to easily identify lower-margin products and customers
  • Address underperforming brands and distributors to help with profitable growth at your brewery

SPEED UP CLOSING

  • Feel at ease with a real-time financial, distribution, manufacturing and inventory-control system, whether using Microsoft Dynamics or QuickBooks Online
  • View query summary reports for a designated time, such as sales month to date
  • Integrate directly to your financial statements via Microsoft Dynamics or QuickBooks Online
  • Utilize automated journal entries – as transactions are processed organization-wide, they’re posted directly to the financial records
  • Accrue purchases received but not yet invoiced by the supplier automatically
  • Integrate directly with financials to ensure month-end financial statements and supporting schedules are prepared and issued with little effort
  • Utilize the Brewery Chart of Accounts, where production transactions are automatically mapped to the proper GL accounts
  • Take advantage of an automated accounting system that does the work for you

REPORTING

    • Analyze all your cost entries with simple drag & drop functionality via intelligent query tool
    • Utilize the Component Cost Roll Up Report – A complete BOM breakdown of the unit cost identifying each element consumed in an individual finished good item, such as hops, water, crowns, bottles, etc.
    • Review scenario based impacts of certain price changes on overall production cost with the Proposed Cost Repor
    • Measure your forecasting efforts against summary reports tallying invoices by product and distributor for the MTD period with the Invoice by Finished Good Item Report
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Our Accounting Platforms

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IF YOU ARE READY TO GET STARTED OR HAVE ANY QUESTIONS