production accounting services
Moneypenny has been financially servicing the international film and television industry with specialist production accountants and support staff since 1980 where it has provided project financial management for more than 350 productions with budgets ranging from $100,000 to $100,000,000 for features, MOW’s, episodic tv series, mini series, documentaries and music tours.
In 2004, Moneypenny Services (NZ) Ltd was established to provide the following services to domestic and international producers:
Production Accountants
Accounts Assistants/Petty Cash & Filing Clerks
Payroll Services
Budgeting & Cashflow Scheduling
Budget Comparisons and Scenario Planning
Co-production treaty advice and structuring
Advice on Local and International Incentives
Rebate Application Facilitation
These services may be tailored to suit your specific production. Moneypenny can provide the complete accounting team or support as required for an overseas Financial Controller.
Our accountants have experience with most accounting packages used in the industry – Vista, Visual Max, PSL and Moneypenny also have developed our own fully integrated general ledger, cost reporting and payroll software package - GFS - and are familiar with the reporting requirements of US studios, international co-production and legislative authorities, various government funding bodies and completion guarantors.
When engaging Moneypenny, the production team at all times retains the ability to select from our pool of available accountants or assistants who they wish to have working on their project, as they do when hiring a freelancer. However, our accountants come with the added support infrastructure of a specialist organization with over 200 years of collective production accounting and financial experience internationally – we call this the Moneypenny Comfort Factor.
Accounting for how money is spent is in itself mere book keeping. The effective management, forecasting and supply of appropriate compliance material and financial information, is on the other hand a highly specialised and industry specific task.