A software system designed by Virtual Business Systems, LLC for accounting/legal/professional and agriculture/forestry/fishing/mining companies.
the VIRTUAL winery was designed to forecast the financial position and resource requirements of a winery operation.
The model creates a detailed financial forecast for five years (Year 1 - Monthly, Years 2 and 3 - quarterly, and Years 4 and 5 - annually). The forecast includes balance sheets and statements of operations, cash flow, marketing and administrative expenses, production costs, inventory movements and footnote disclosures.
In addition, production statistics, including forecasted barrel requirements of both new and used barrels, are reported.
The model is composed of over 2,000 business rules and utilizes a Vintage Plan and a simulated standard costing system to allocate revenues and costs over the forecast period.
A Vintage Plan represents a forecast of production (cases placed in process by type of wine) implemented over a number of vintage years utilizing a production calendar for each type of wine product.
This approach allows a small winery (generally less than 100,000 annual cases) to forecast the financial requirements and results of implementing their Vintage Plan.
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