Accounting For Beer, Liquor and Wine Sales
Background
In Manitoba, if you are a licensed establishment and can sell Beer, Liquor and Wine .. you need to account for the purchases in the accounting records. It can be difficult, because most of the time (I believe), the Manitoba Liquor Control Commission (MLCC) holds on to preauthorized blank cheques .. the hotel or establishment just places an order, and a cheque is issued, or automatically debited out of the company’s bank account. There are usually invoices emailed to the business and just packing slips included with the shipments.
In Manitoba, Vendors selling Beer have a special price. The price is preset, plus GST and plus GST .. and then a refundable bottle deposit price is added. Individuals can return the empty beer bottles and receive that bottle deposit back. Beer drinkers do not just have to bring back the bottles purchased at one particular establishment, they can return it to any vendor that will accept returns. Usually, the MLCC (I believe) pays these vendors an extra 2 cents per bottle as a handling fee. Believe me .. it can start to get quite complicated - especially if you are “in tune” with what is really happening and monitoring your gross profit percentages.
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