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November Newsletter 2015
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Better Financial Reporting Practices for the Small Business CEO Series - Questions for the Growing Craft Brewery Answered

by Gregory Leiser, Pro Back Office Consulting CFO 

So your brewery produces great craft beer, the tasting room is running smoothly, your distribution is growing, but the financial reporting is not giving you a complete or accurate picture of how the brewery is actually performing due to limitations in the cost accounting system.  
  • Does your income statement (AKA the P&L) show you true gross margins made on beer sales? 
  • Does your balance sheet reflect the value of grain bill materials, work in process, and finished goods inventories? 
  • Does your cost accounting system integrate with your ABC and TTB excise tax compliance reports?
The key areas involve the tracking of the cost of materials (grains, hops, yeast & adjuncts), work in process (the batch from mash to kegging/packaging) and finished goods (finished beer in kegs, tanks, cans, bottles, etc.). 

The following is a typical progression of brewery cost accounting methods used to report in the balance sheet and income statement:   

Read More...

What You Probably Don't Know About Your Cyber Security Vulnerabilities 

Client Spotlight: Eric Rockwell, President/CIO, centrexIT
Written by Reb Risty, Head RebL at RebL Marketing

 


Who is centrexIT? 
Founded in 2002, centrexIT is San Diego's leader in IT management. Our locally-based technology professionals provide outsourced IT service, support, security and leadership for small and medium-sized businesses in the greater San Diego area. centrexIT manages entire IT environments for more than 65 companies, ranging from 10- 2500 staff.

Where do computer viruses come from?
Over 90% of current cyber security threats come from websites like Adult, Gambling, Gaming and Phishing websites, or Spam Email and Phishing Email with attachments or links to phishing websites, like fake versions of IRS, bank, eBay, PayPal, Walmart, Facebook notifications, etc. 

Read More...

PBO Partner's News 


Background checks and credit checks can be useful tools for employers to insure they are hiring and retaining quality employees. Employers should be aware that a recent court decision imposed more obligations regarding disclosure to consumers when requesting such reports.
 
(P) 858-764-2421 | (F) 858-754-1260 

PBO in the News


Congrats to PBO President & CEO, Jennifer Barnes for being selected a finalist for 2015 SDBJ Women Who Mean Business Awards. 


Community Events

12/3/15 - 6 Degrees Holiday Party
12/4-5/15 - December Nights at Balboa Partk



 

Do you know what your burn rate is?


If you answered no, don't worry, PBO can help. Give us a call today and lets discuss how we can help you. Contact us at info@probackoffice.com or 858.622.1681.
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About Pro Back Office

Founded in 2012, Pro Back Office (PBO) is a group of back office management professionals offering expertise in all aspects of accounting from the bookkeeping role to the CFO. We provide a comprehensive solution for small to medium sized businesses' accounting needs by giving them support at varying levels on as hourly and as needed basis. PBO also provides HR, Payroll, Customer Service, Office Management & Operations Support. To learn more about Pro Back Office, please visit www.probackoffice.com.
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