We have recently spoken with several winery owners and operators who are going to open a wine tasting room and gift shop. There are many questions on how to properly implement a POS system within the wine industry. There are aspects that differ from other retail establishments. That is why William English and Steve Green, owner of Steve D. Green Business Solutions, co-authored the QuickBooks Point of Sale Operations Handbook for Wineries. It is a quick and concise resource that explains how to post transactions and setup and manage winery related inventory and sales activities within QuickBooks Point of Sale (QBPOS). The following is an excerpt from the book to give you an idea of the content:
Wine in Process (WIP) is a term we use to track the costs associated with making wine. In essence, it is necessary to accumulate these costs so that you can determine what it costs you to make a single bottle of wine. For example, you may need to track the purchase of grapes, bottles, corks, capsules, storage, labels, etc. When the wine is eventually bottled and ready to be inventoried as finished goods, you can easily use the sum total of your costs/divided by the number of bottles created to determine the cost per bottle.
The next part in this section of the book includes: What Types of Costs Should You Include in WIP, Where is WIP Tracked, and How to track it in QBFS.
