The Napa/Sonoma chapter of Women for WineSense held a Finance/Accounting Roundtable in the cave of Gundlach Bundschu Winery in Sonoma Tuesday morning (9/29).
This was the fourth meeting of the group, and we used it as a working session to discuss budgeting. We covered strategy, technique, best practices and timing.
Highlights of the discussion included ideas about how to get non-finance managers to participate, understand and be accountable to budgeting and variance reporting, the appropriate level of detail needed for different size wineries, and toggling between a budget (to which sales and operations departments are held) and forecasts (which are provided to owners, investors, and the banks.)
Discussing these relevant issues with a group of professional women in similar positions within the industry is an important service Women for WineSense provides to the wine business.
For more information about the Women for WineSense roundtables, please contact Liz Thach via firstname.lastname@example.org.