Brewing is hard work, but it is what you signed up for. Accounting? No one signs up for that. Those that do immediately regret their decision but are too busy drinking to change their major. That’s how you get to be an editor, too. And probably most other jobs. Even president now.
Anyway, don’t let accounting busy work drag you down — find one of those professional bean counters and let them work their magic. If you do, don’t just hire anyone because there are a lot of firms out there these days that are specifically focusing on craft beer. In fact, one such nationally recognized accounting and advisory firm, Chicago-based Baker Tilly Virchow Krause LLP, just announced the addition of two professionals to its growing craft beverage industry group — hires that also expanded its territory.
Let’s meet them.
He’s a consultant experienced in brewery sales and operations, most recently with Sixpoint Brewing Co. and previously with Heretic Brewing Co., who will be based in Tennessee. He will expand Baker Tilly’s craft beer geographic footprint in the South. It’s Noah Randall!
She’s a consultant who brings experience with inventory planning and sales trends who will be based in the firm’s Minneapolis office. It’s Emily Wells.
Both Randall and Wells will work with craft breweries throughout the country to develop best practices related to utilizing data to grow market share effectively and efficiently.
Craft beer accounting focus
The craft beverage team is one of many industry specialty teams that work within Baker Tilly. The craft beverage team currently exceeds 20 professionals and continues to grow across the country. Services provided include sales channel, distribution rights, technology, expansion and growth, mergers and acquisitions, financial modeling and capital funding, human resources, waste and energy, as well as compliance and other consulting services.
The firm serves many craft brewers across the country, from startups to large national brands. Some names they are allowed to share are Lift Bridge Brewery, Octopi Brewing and Indeed Brewing. For a closer look, head here.
Now we throw it to down to the sidelines for a quote.
“The craft brewing industry is experiencing rapid growth across the country,” noted Scott Ebert, Baker Tilly partner and leader of the firm’s craft beverage practice. “As the industry evolves, so does our team. We continue to expand our service offerings through the addition of professionals with the experience to address the ever changing needs of our clients. Noah brings a local presence to a new market for us, while both he and Emily provide data-driven expertise, tactics and strategies that are instrumental for breweries hoping to expand their reach.”
We end with one of our most popular accounting features: Cost Accounting Hack for Craft Breweries.