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The “B” Word: Budgets

Which of these are your favorite excuses to not do a budget?

  • Budgeting is boring
  • I can keep it in my head
  • I hate math
  • The income and expenses vary too much
  • I monitor the spending
  • I don’t have time

How about these reasons to do one?

  • It is fun to plan for success
  • If it is on paper it is easier to share and discuss
  • Excel loves math
  • It is the first step in making a cash flow projection
  • Your banker wants to see how well you monitor the spending
  • Thanks to the early harvest, you have a whole extra month this year

I will show you all the pages in my budget book and how I pull the information from QuickBooks:

  • Revenue by channel
  • Expenses by month
  • Payroll schedule
  • Production schedule
  • Bottling schedule
  • Cash flow projection

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  • Advanced Courses
    • Book to Tax Adjustment: How to convert your GAAP basis inventory to Tax basis in 5 easy steps
    • Inventory Crystal Ball
    • Inventory: Tips for Counting Wine
    • My Favorite Excel Formulas
    • Grapes, Grapes, Grapes
    • Bottle Runs: The One Step and the Two Step
    • The Juice Flow and Blending Math
    • The “B” Word: Budgets
    • Happy New Year! Happy 1099!
    • Tracking Your PPP Loan Mini-Course
    • Pain-Free Bank Statement Reconciliations

How much profit do you really make?

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