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Finance & Accounting

Maintaining healthy finance and accounting practices is essential to running your business. The resources in this section will provide you with the basics for brewery finance and accounting, plus more detailed topics that will keep your business going strong.

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Displaying results 1-10 of 66
Jan Feb The New Brewer Sustainability
The New Brewer: Brewing & Climate Change

Investing in Sustainability

Greg Kitsock

In an age of rising costs and tighter margins, what’s best for the planet is not just an altruistic venture: it also helps the bottom line for many companies, including breweries.

mobile playlist icon CBC 2024 Finance & Accounting Seminars person purchasing beer in a taproom

CBC 2024 Finance & Accounting Seminars

These seminars cover essential financial strategies for craft beverage producers, including debt management, fostering financial literacy, boosting profitability amidst tight margins, and effective budgeting for goal alignment and accountability.Read More

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Education Program Manager

MacKenzie Staples is the education program manager for the Brewers Association. In addition to managing the resources and articles on BrewersAssociation.org, she organizes the seminars for the Craft Brewers Conference® (CBC), curates the webinars in the BA Collab Hour series, and serves as the staff liaison for the CBC Seminar Subcommittee. She is originally from Texas where she fell in love with craft beer, and is proud to say that she has visited over 800 U.S. small and independent craft breweries.

See MacKenzie Staples's Articles
business
  1. Seminar

Transforming Brewery Performance Through Budgeting

Craft Brewers Conference 2024Las Vegas, NevadaSpeaker(s): Maria Pearman

An operational budget is the single most impactful tool a brewery can use to shape its future. In this seminar, we discuss how to use the budgeting process as a method of clarifying company goals, creating a culture of accountability, and staying on course.Read More

business
  1. Seminar

How To Drive Profitability in an Era of Compressed Margins

Craft Brewers Conference 2024Las Vegas, NevadaSpeaker(s): Kary Shumway

Beer margins are shrinking and operating costs just keep going up. In this seminar, you'll learn how to identify the key drivers of profitability, create scorecards to measure and improve results, and get proven strategies that you can implement right away in your business.Read More

business
  1. Seminar

Financial Literacy as a Basis for Culture and Communication

Craft Brewers Conference 2024Las Vegas, NevadaSpeaker(s): Larry Chase, Thor Cheston, Greg Parker, Kevin Wright

This seminar addresses the financial literacy gap among brewery employees, highlighting the importance of understanding brewery finances. Brewery owners share strategies for integrating financial literacy into brewery cultures, empowering employees to influence business outcomes positively and drive profitability through informed actions.Read More

What Does the Fed’s Rate Cut Mean for Your Brewery? patrons enjoying brewery patio with US Federal Reserve System logo

What Does the Fed’s Rate Cut Mean for Your Brewery?

For those Brewers Association (BA) members who do not spend their day mired in macroeconomics, this quick post provides context on what the cut in the Federal Funds Rate on 9/18/24 could mean for the craft beer industry, both directly and indirectly. Read More

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Staff Economist

Matt Gacioch (he/him), staff economist for the Brewers Association, helps members make sense of the data that enable their businesses to thrive. He brings experience from market analytics, brewery operations, and consulting, along with an MBA, MS, and BS from the University of Michigan. Follow him on Instagram @craft_econ

See Matt Gacioch's Articles
Craft Mergers Partnerships and Buyouts
The New Brewer: Sales & Marketing

Deal Me In

Greg Kitsock

With large international companies no longer on a shopping spree, more small breweries are seeking partners their own size as they strive to prosper in challenging times.

Calculating Costs: How Breweries Can Optimize Inventory Management brewer weighing hops

Calculating Costs: How Breweries Can Optimize Inventory Management

Make informed business decisions and maintain operational stability by mastering inventory management in your brewery.Read More

Link to author biography
Director of Education

Kaylyn Kirkpatrick is the director of education for the Brewers Association where she works diligently to ensure members are equipped with the educational resources they need to thrive and survive. Previously, Kaylyn managed the Cornell University Brewing Extension program where she worked to develop and facilitate resources for the craft beer community in New York state. She got her start in beer working in quality assurance at New Belgium Brewing Company. Kaylyn has an academic background in brewing science, having completed an M.S. at Oregon State University where she led the first investigations into "hop creep" as well as earning the prestigious Diploma in Brewing from the Institute of Brewing & Distilling in London.

Kaylyn is an active competition beer judge, having participated in regional, national, and international beer competitions such as the National Homebrew Competition (NHC), Great American Beer Festival® (GABF®), and World Beer Cup® (WBC). She proudly serves on the Master Brewers Association of the Americas (MBAA) National Technical Committee and the American Society of Brewing Chemists (ASBC) Webinar Subcommittee. She is the author of the eCornell Craft Brewing course, a crash course in beer ingredients and commercial brewing for hobbyists and professional brewers alike.

See Kaylyn Kirkpatrick's Articles

Unlocking Brewery Profits: How to Accurately Calculate and Manage COGS craft brewer brewing beer

Unlocking Brewery Profits: How to Accurately Calculate and Manage COGS

One key financial metric that brewers need to understand is the Cost of Goods Sold (COGS). But what exactly does COGS entail, and why is it so important?Read More

Link to author biography
Director of Education

Kaylyn Kirkpatrick is the director of education for the Brewers Association where she works diligently to ensure members are equipped with the educational resources they need to thrive and survive. Previously, Kaylyn managed the Cornell University Brewing Extension program where she worked to develop and facilitate resources for the craft beer community in New York state. She got her start in beer working in quality assurance at New Belgium Brewing Company. Kaylyn has an academic background in brewing science, having completed an M.S. at Oregon State University where she led the first investigations into "hop creep" as well as earning the prestigious Diploma in Brewing from the Institute of Brewing & Distilling in London.

Kaylyn is an active competition beer judge, having participated in regional, national, and international beer competitions such as the National Homebrew Competition (NHC), Great American Beer Festival® (GABF®), and World Beer Cup® (WBC). She proudly serves on the Master Brewers Association of the Americas (MBAA) National Technical Committee and the American Society of Brewing Chemists (ASBC) Webinar Subcommittee. She is the author of the eCornell Craft Brewing course, a crash course in beer ingredients and commercial brewing for hobbyists and professional brewers alike.

See Kaylyn Kirkpatrick's Articles
Displaying results 1-10 of 66
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