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Distillery Experts

Financial and business solutions for your distillery

You didn’t create your whisky, gin or open your distillery just to be stuck stressing about cash flow and staring at numbers on a spreadsheet all day. The daily grind of record keeping and finances aren’t the thing that inspired you to start your own business.

Do you feel like you’re stuck in a never ending cycle of paperwork, trying to grow your business without a real sense of direction?

We’ve been there and we want to help you get back to the things you love, instead of being stuck at your desk all day. Refresh Accounting can implement strategies and systems to help you find financial freedom in your distillery business and get you back to doing what you love!

Profit First Implementation

Born from a love and passion of Australian distilled spirits you have an amazing product adored by your customers! But what good is that if the cash goes out quicker than it comes in and there’s nothing left to pay you.

Cash management is the key to success for any business, but an aspect that so many ignore. Using the Profit First cash management system will get your distillery on the path to permanent profitability; and yes, that means paying yourself for the work that you do AND rewarding you for investing in your business.

Read our case study about how a distillery successfully implemented Profit First with our help and took control of their cash.

Inventory Management

Opening a distillery was your dream and you’re finally living it but managing inventory is a thorn in your side. Too much stock, not enough stock, a seasonal boost in sales that you’re thankful for but has you chasing your tail trying to quickly up production. It’s a never ending cycle of finding the balance between having enough product to satisfy customers and an over production that eats into profits and possibly compromises quality.

Finding the right inventory management system can take the pressure off and help you get clearer on your production needs. If the thought of adding another piece of software fills you with dread, it shouldn’t! Read more here about how to add one to choose the right one for your business.

Then our article on distillery specific inventory management systems, for a breakdown of all the best options, their features and which one might be right for you.

Dashboard Creation

It feels like you have reports coming out of your ears but seeing an overview of where your business is at still seems impossible. How does this report affect that one? Where are our finances at right now? How do sales this month compare to last month? If answering those questions takes more than a few minutes, it’s time to make a change!

Creating a bespoke business dashboard can give you a quick and easy to understand “snapshot” of exactly where the business is at. No more comparing this report to that report or spending an hour putting figures in a spreadsheet.

Read more here about how a business dashboard can change your business and how we can help you get started.

Virtual Bookkeeping

The idea of balancing the books or looking at your Business Activity Statement fills you with a sense of dread. It’s something you put off for days or weeks until you can’t avoid it anymore. You tell yourself that doing the books yourself will save you money so it’s worth the pain!

Is it though?! Wouldn’t your time be better spent on the things you love? Driving sales, quality control, promoting your product or whatever it may be. Taking your time away from these important tasks is hurting your profits in the long run!

Believe it or not, there are people out there who love crunching numbers and can do it a hell of a lot faster than you can! Read more here about how virtual bookkeepers won’t just give you back your time but can even help boost your profits.

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