Wine Business

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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Take your winery to the next level – 2015 Wine Tourism Conference

Posted by on Jul 31, 2015 in Wine Business | 0 comments

Take your winery to the next level – 2015 Wine Tourism Conference

If you’re running your own winery, or thinking of starting one, we have some news that may help kick-start a new opportunity for your business. The 2015 Wine Tourism Conference is being held in northern Virginia on November 18-20! This conference will offer you  a full three days learning a whole lot more about the business side of running a successful wine tourism venture. If you’re serious about realizing the full potential of your winery, looking at the potential for diversifying into wine tourism really is a no-brainer. As a fast-growing area of the wine industry, it’s a sector that’s just ripe for the picking! Wine tourism is an expanding...

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An Accountant Studies The Business of Wine

Posted by on Mar 10, 2015 in Personal Freedom, Wine Business | 0 comments

An Accountant Studies The Business of Wine

An accountant who is fascinated by the business of wine. Isn’t that fascinating? Recently, I discovered the opportunity to gain a greater understanding of vineyards, wineries, and the wine business in general by studying for my Wine Business Management Certificate through Sonoma State University in California. This certificate was inspired by the Sonoma State University Wine Business MBA, and my reason for taking this course is an utter fascination with this entire market. I’m keen to learn more about it, and hopefully to work with those in the vineyard and estate markets, so I can apply this knowledge in a useful (and interesting) manner. Naturally having the...

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