Rising costs and stagnant revenues have cause gins to look at how their companies manager their business. Traditional accounting principals call for financial accounting where the primary users of the accounting information are external users (stockholders, banks, other creditors, and regulatory agencies.) Gin owners and managers need an accounting system which the users are internal to the business. This paper will explore methods for gin owners and managers to utilize the accounting systems they currently have and incorporate management or cost accounting into their business model. The paper will introduce variable income, variable, fixed, product and period cost. These terms will be defined and help readers understand how managerial accounting could improve their profit and loss statement.