Building your Margins Superpowers, COGS Considerations

As your distillery sales continue to grow, understanding the margins on the sale of your finished goods can be essential to building a profitable, and sustainable distillery business. Making a determination of what components go into the cost of the products or goods sold (COGS), ensuring there is consistency and that it is easy to quickly review your margins can make a difference for both cash flow and profitability. This session will cover considerations when calculating cogs, the best approach to handling in the accounting system and understanding the trade offs of adding to COGS or treating as an expense separately from COGS.