Accounting for breweries, wineries & distilleries
The Giersch Group helps breweries & wineries all over the nation prepare and maintain their financial records from our offices in Brookfield, Milwaukee & Madison, WI.
Affordable bookkeeping & consulting services for Wisconsin’s beer, wine & spirits industry
“After experiencing a complex problem with a distributor, the Giersch Group took charge immediately and resolved the issue. Even more, they discovered a holding company was overcharging me and I received a significant refund.”
--Steve Kawapil, Brew Pipeline
Breweries, wineries and distilleries in Wisconsin face unique bookkeeping and business challenges, including shifting consumer preferences, risk management concerns, and financial reporting & tax compliance requirements specific to the alcohol industry. With complex distribution rules and restrictions to navigate, producers of alcohol in the Badger state can’t afford to take any risks when it comes to maintaining accurate accounting records and tax compliance. For small and startup alcohol manufacturers, the challenges can be even tougher.
Alcohol production comes with complex distribution rules and compliance requirements, and you can’t afford missteps in recordkeeping or taxes. Giersch Group helps small and medium-sized businesses optimize cash flow, expand production and ensure full legal compliance. We work alongside businesses across the supply chain involved in the alcohol industry, including farmers, truckers, retailers and restaurants. We provide individualized strategies and personal service to empower alcohol producers to grow and thrive in Wisconsin’s dynamic landscape.
While we draw many of our clients from southeast Wisconsin where we have offices in Milwaukee, Brookfield, and Madison, our 100% virtual services are available nationwide. Start today with a free consultation. We'll sit down for 30 minutes, pressure-free, so you can learn about our process and decide if our approach is right for you.
Wisconsin Brewery Accounting
Accurate accounting & reporting helps Wisconsin brewery owners improve financial results.
According to the Department of Revenue, the number of brewery permits issued in Wisconsin grew from just 56 in 2010 to 197 in 2018 – that’s an increase of over 250%. In the same span of time, brewpub permits jumped from 17 to 67, almost 300% growth.
Whether you own a new or well-established craft brewery, no business is immune to the dangers of increased competition or inconsistent bookkeeping. Our bookkeeping services for breweries provide:
- CPA-ready books
- Regular financial reporting
- Insights into using your financial data to grow your business
- Cleanup/setup/training/support in brewery accounting software (QuickBooks Online or the cloud-based platform of your choice)
Our full-service term provides tailored accounting paired with ongoing business education and advisory support. Whether you need an interim bookkeeper, help with cost control or a business plan for a new venture, we adapt proven best practices to meet small business needs. Trust Giersch Group to help guide your financial strategy, operations and growth with a big-picture perspective.
Wisconsin Winery Accounting
Benefit from increased clarity, efficiency & confidence in manking financial decisions for your winery.
In 2007, there were 41 wineries operating in Wisconsin, and the first professional wine competition at State Fair was held in 2011. Today there are more than 110 wineries in the state, with many of them growing their own grapes. Accounting for vineyards and wineries involves special tax, agricultural, and risk considerations. Federal regulations call for stringent recordkeeping for both accounting and internal control data related to grapes and wine.
We offer affordable professional services for wineries and vineyards including:
- Full accrual accounting
- Timely, accurate financial statements
- Tax filing for employer withholding and sales & use taxes
- Payroll & basic HR administration
- Accounts receivable & payable
- A clear picture of the financial health of your wine business, with feedback and recommendations on your business model, market positioning, cash flow management and operating structure
Our CFO services provide affordable financial leadership, advise on risk management, and can act as a liaison with vendors, bankers, lawyers and others. Whether your business needs help managing vineyard depreciation, drafting a business plan, creating a chart of accounts or performing cost analysis, our virtual CFO services can help.
Wisconsin Distillery Accounting
After the end of prohibition in 1933, Wisconsin went without a single distillery until the resurgence began in 2006. Over the past decade, Wisconsin has become home to over 20 distilleries, producing everything from farmhouse brandy to craft gin and whiskey. As a distillery owner, accurate financial insights can make or break your business’s sustainable growth. Giersch Group provides consistent monthly, quarterly and annual reporting to provide you with the numbers to master cash flow, product pricing, cost controls and strategic expansion.
Our team brings decades of experience guiding distilleries big and small. Trust us to provide the bookkeeping clarity and business acumen to help your operation thrive. Precise data arm you with the tools to set responsible standard costs, calculate ideal pricing and build a forward-looking business model poised for profitability.
QuickBooks Software to Unlock Growth
Giersch Group utilizes QuickBooks Online to provide breweries, wineries and distilleries with real-time financial visibility and insights. As a QuickBooks ProAdvisor, we offer QuickBooks software at a discount and provide training to maximize its value for your business.
With QuickBooks, alcohol producers gain clarity into sales trends, cash flow, profit margins and more to inform strategic decisions. Our experienced bookkeepers help create customized dashboards tailored to your key metrics and growth goals. We assist with data migration, software implementation, ongoing updates and staff training.
QuickBooks keeps financial operations running smoothly so you can focus on your craft and your customers. We build the ideal accounting foundation for every stage of your business, from launching a new brewery or distillery to correcting your previous years’ books to get a clear view of your financial state and boost profits. Partner with us for a secure QuickBooks setup fine-tuned for the alcohol production industry.
Bookkeeping services for alcohol producers across the country
Our 100% virtual outsourced bookkeeping and CFO services are available anywhere. We have three southeast Wisconsin locations to best serve your Milwaukee, Dane, Ozaukee, Washington, and Waukesha County based business.
Milwaukee County bookkeepers serving: Downtown Milwaukee, Shorewood, Whitefish Bay, Glendale, Fox Point, River Hills, Brown Deer, Granville, Butler, Wauwatosa, West Allis, Greenfield, Hales Corners, Greendale, Franklin, Oak Creek, South Milwaukee, Cudahy, St. Francis & everywhere in between.
Dane County bookkeepers serving: Madison, Middleton, Waunakee, Windsor, Sun Prairie, Cottage Grove, McFarland, Fitchburg, Verona, Riley, Pine Bluff, Cross Plains, Springfield Corners, Black Earth, Mazomanie, Mt. Horeb, Belleville, Rutland, Stoughton, Kengosa, Deerfield, Monona & everywhere in between.
Ozaukee County bookkeepers serving: Mequon, Thiensville, Cedarburg, Lakefield, Grafton, Saukville, Port Washington, Knellsville, Newburg, Waubeka, Fredonia, Holy Cross, Belgium, Dacada & everywhere in between.
Waukesha County bookkeepers serving: Waukesha, Brookfield, New Berlin, Muskego, Big Bend, Vernon, Mukwonago, Jericho, Eagle, North Prairie, Saylesville, Genesee Depot, Ottawa, Wales, Dousman, Delafield, Oconomowoc, Monterey, Nashotah, Hartland, Merton, Town of Lisbon, Sussex, Lannon, Menomonee Falls, Butler, Pewaukee & everywhere in between.
Washington County bookkeepers serving: Germantown, Hubertus, Richfield, Thompson, Ackerville, Hartford, Kirchhayn, Jackson, Cedar Creek, Slinger, Cedar Lake, St. Lawrence, Allenton, Addison, St. Anthony, Kohlsville, Wayne, Kewaskum, Boltonville, Fillmore, Cheeseville, Young America, West Bend, Nabob and everywhere in between.
Management consulting for the alcohol beverage industry
Our strategic business consulting services for small and mid-sized businesses are flexible and affordable. During your free consultation we’ll get to know you and your business, and answer your questions. We’ve helped many Wisconsin businesses gain financial peace of mind and create a time and cost-effective approach to achieving their goals. Our services are 100% online and available for all companies located anywhere in the country.
Read testimonials from our clients, and call or email us to schedule a no-pressure consultation online, or at one of our offices.
Contact the Giersch Group online or call today to take your brewery, winery or distillery to the next level.
Frequently Asked Questions:
Why is bookkeeping so important for breweries, wineries and distilleries?
Managing a brewery or winery comes with following special regulations. TTB, state excise tax, sales and employer taxes are just some of the financial challenges your business faces. Understanding the rules and guidelines of tax compliance is vital for avoiding penalties and protecting licensing. Giersch Group offers a tax compliance service to cater to these specific industry guidelines.
How can a bookkeeper increase the success of my brewery?
Giersch Group's financial reports will give you a clear financial snapshot and will highlight any shifts in consumer preferences or risk management concerns. Having report data is critical to generating cash flow. We'll teach you how to understand the data fully so you can grow your business with fewer risks and higher efficiency.
Can bookkeeping services improve my business plan?
Yes. Giersch Group management consulting services help with cost accounting, internal controls, inventory valuation, risk management, depreciation and more. We're ready to step in as your financial leader.