Description

In this episode, I sit down with Marc Rice of Brytos Accounting Services to talk about something that sounds simple, but is often a mess behind the scenes: brewery bookkeeping. 

Marc shares what he sees when he opens up a new client’s QuickBooks file for the first time - liabilities showing up as revenue, duplicate expenses from bank sync errors, unreconciled accounts, and charts of accounts that make it nearly impossible to understand what’s actually happening in the business. 

We dig into why complete, accurate, and timely reporting isn’t just about compliance, it’s about decision-making. 

Marc explains how a properly structured chart of accounts, clear separation of business segments using classes, and regular weekly reconciliations can dramatically improve financial clarity. 

We also discuss when it makes sense to outsource bookkeeping, how to assess whether your books are healthy, and why clean financials are the foundation for improving margins, cash flow, and long-term profitability.

Key Takeaways

• Reconcile Weekly, Not Just Monthly
  Don’t wait until month-end. Weekly bank and credit card reconciliations prevent duplicate entries, missing transactions, and costly clean-up work later .
• Design a Chart of Accounts That Works for a Brewery
  Your chart of accounts should separate taproom, wholesale, and other segments clearly—and properly classify COGS, labor, and overhead so you can see true margins .
• Watch for Common Brewery Bookkeeping Mistakes
  Be on alert for liabilities recorded as revenue, double-entered expenses from bank feeds, and unreconciled accounts—these distort profitability and cash flow .
• Use QuickBooks Classes (or Similar Tools) to Separate Business Segments
  Segment reporting helps you see which channels (taproom, distribution, events) are driving profit and which need attention .
• Outsource When You’re Wearing Too Many Hats
  If bookkeeping is something you “get to when you can,” it’s probably time to bring in a specialist who understands brewery accounting .

Resources

Get the Brewery Profit Brief - tips, tactics, and strategies to create more profit and better cash flow in your brewery.

Ready to transform financial results in your beer business? Learn more about the Beer Business Finance Association, a network of owners and managers working together to build more profitable companies.