During the Accounting 201 webinar attendees learn how to covers building a cost analysis program for your vineyard and wine brand.

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February 4, 2020
Accounting For Your
Vineyard 201
Presented by:
Casey Johnson and Jeremy King

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Jeremy King
Principal
After beginning his career in investment banking focused on sports apparel and technology industries,
Jeremy moved on to run a corporate development team at Experian. He was later hired away as CFO
for publicly traded software company that later sold to IBM.
Departing from corporate finance, Jeremy was hired to build and run a national Technology &
Management Consulting practice for regional CPA firm. It was there he that the idea for Crafted ERP
was born.
2© Doozy Solutions, LLC
About the Presenters
Casey Johnson
Cost Accounting Specialist
With a passion for helping businesses improve their margins Casey has focused her career in
Accounting. Working in several production environments from cereal to fuel additives Casey has
spent her time working to understand operations, inventory movements and the associated costs
of each business.
After gaining knowledge from multiple industries, Casey joined the Crafted ERP team to coach
business owners and operators on COA setup and financial reporting to better understand and
manage their inventory costs.

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Goal: Understand profitability of your vineyard and major cost drivers
Topics:
• Developing a Costing Model
• Applying Overhead to Your Costing Model
• Aging Costs
• Identifying Major Cost Drivers and Potential for Savings
• Reviewing Profitability
Agenda

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Costing Model Progression

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• Materials -
• Grape Varietal $
• Harvested
• Purchased
• New Bulk Wine/Yield
• Pressing
• Bulk Wine $
• Packaging Materials $
• Bottle
• Cork
• Case
• Labels
Developing a Costing Model

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Developing a Costing Model
● Landed Costs
○ Freight
○ Duties and Fees
● Labor
● Overhead
○ Chemicals/Fertalizer
○ Building Rent
○ Utilities
○ Maintenance
○ Storage
○ Ect

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Allocating Overhead Costs

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• Labor
• Maintenance
• Storage
• Utilities
• Evaporation
Gathering Aging Costs

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• Freight
• Labor Costs
• Maintenance
• Transfer Loss
Cost Drivers and Savings

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Set goals for your profit margins
45%
Estimate the total cost per case
Materials*pressfactor+labor+overhead
Calculate the actual cost per case
Materials*pressfactor+labor+overhead
Calculate your margin
(Price per case - Actual Cost per case)/Price per case
Profitability

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Q&A
Email: casey@craftederp.com jeremy@craftederp.com
LinkedIn: Casey Johnson, Crafted ERP Jeremy King, Crafted ERP

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Accounting 301: In-depth look into Financial Statements and Allocating Costs to the Block Level
When & Where: February 12th @ 3pm, Oregon Wine Symposium
Topics:
• Improving upon your costing model from Accounting for your Vineyard 201
• Allocating costs to block level, automating processes
• Profitability by Block and Farm
Closing and Upcoming Sessions