Australia only

There's more to wine production than just stomping on grapes. There's also a host of tax considerations - here's just a few (with ATO links for additional information):

• wine equalisation tax (WET)
• wine producer rebate
• retail wine sales
• wholesale wine sales
• wine exports

This complexity, and your individual business requirements, make it difficult to provide a "one size fits all" method for setting up and recording wine-related transactions in AccountRight. Generally, specific tax codes will need to be set up and used when recording sales. These tax codes will then help you determine your GST reporting requirements.

Want to learn more?

We might not be experts in wine production and sales, but our community forum is a great place to connect with business professionals who are happy to share their insights.

For example, check out these great articles:

Wine Equalisation Tax (WET) for wine wholesalers

Wine Equalisation Tax (WET) for cellar door sales