Posts by Henry

Football – Life Lessons Learned

Posted by on Oct 17, 2018 in Business Advisory, Personal Freedom | 0 comments

Football – Life Lessons Learned

Bluefield High School, my alma mater, lost last Friday night’s football game, ending a 20-game winning streak. The defending West Virginia Class AA state champion Beavers lost to Lord Botetourt (Virginia) High School at home. Tom Bone’s article in the Bluefield Daily Telegraph gives a good recap of the game. In Mr. Bone’s article, a quote from Lord Botetourt head coach Jamie Harless reminded me of my love for football and what it’s taught me about life. Coach Harless said, “Coach Simon and these guys, they do a heck of a job with their program. Bluefield is one of the most respected programs around. I’m jealous of them. Look at the facilities they have. Look...

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Rappahannock Cellars – a Family Winery

Posted by on Oct 11, 2018 in Family Business, Wine Business | 0 comments

Rappahannock Cellars – a Family Winery

We visited Rappahannock Cellars for the third time Saturday. Located in Huntly, Virginia, an unincorporated community in Rappahannock County, Virginia, Rappahannock Cellars is a Virginia winery opened in 2000 by the Delmare family. We stayed with my brother-in-law in Front Royal, Virginia for the Columbus Day weekend. I made the short trip to Huntly from Front Royal on my bicycle, always a wonderful way to start an adventure. My wife, daughter, brother-in-law, mother-in-law, and a couple of very good friends from Maryland met me at the winery for our visit. Mostly cloudy skies and pleasant temperatures made for a comfortable day. The Setting The northern tip of...

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Income Accounts for Your Winery Chart of Accounts

Posted by on Sep 28, 2018 in Accounting, Wine Business | 0 comments

Income Accounts for Your Winery Chart of Accounts

In this article, we discuss income accounts commonly included in a winery chart of accounts. Please see our article concerning the importance of your winery chart of accounts as an introduction to this topic. Income results from transactions that increase the value, or net worth, of your winery. Income can be a confusing term as it is used to represent many different types of accounting measurements. For example, net income is what we commonly refer to as the “bottom line” and is a topic we will look at more closely in a future article. Net income is not an account, but the “net” combined amount of certain accounts and is also sometimes referred to as profit, or...

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Why Your Winery Chart of Accounts Is Important

Posted by on Sep 24, 2018 in Accounting, Wine Business | 0 comments

Why Your Winery Chart of Accounts Is Important

As a winery owner, you wonder why your chart of accounts is important. Wait, you don’t? Well, sometimes you do but you have many other demands on your time and energy, so you may not. When an accountant says “chart of accounts” most people quickly lose interest. That’s understandable. So why, you may ask, should winery owners think about their winery’s chart of accounts? What Is a Chart of Accounts? First, let’s get an understanding of what we mean by “chart of accounts.” Accounting Coach defines a chart of accounts as “a listing of the accounts available in the accounting system in which to record entries.” That seems simple enough. You need to...

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Family – From Eight Weeks to Eight Decades

Posted by on Sep 17, 2018 in Family Business, Personal Freedom | 1 comment

We celebrated my father’s 80th birthday last weekend with family and friends at the gorgeous Bluefield Inn. All three of his sons were there as were his daughter in-laws and five grandchildren. Tears of joy were shed when we met the newest additions to our family, his beautiful twin great-granddaughters, my great-nieces. The twins are only eight weeks old. There was a striking comparison of a life well lived for eight decades with the promise of lives that lay ahead. Basking in the love that swirled in the air, the celebration reminded me of my passion for family. Not only biological family, but the people that drift in and out of our lives as we journey through the...

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