As one of the premier studio production companies in New York, Broadway Stages works to meet the growing needs of the film and TV industry while also focusing on the needs of our community. We provide the industry with a soundstage or location where they shoot their scenes. Still, they also need a skilled and experienced workforce. In this series, we look at the various jobs that make a production come to life. We hope it provides insight and encourages you to consider a career in the film and TV industry. This week, we look at the role of a Production Accountant.

What Is a Production Accountant?

When most people think of a Film or TV production, their thoughts typically go to the cast and crew on a set or a sound studio. However, there is a support team that keeps the production running smoothly, and one of the critical members of that team is the Production Accountant.

The Production Accountant works closely with the producer and the production office from the beginning to the end of production. Depending on the size of the production, the size of the accounting team will vary. In addition to the key accountant, there may be a first assistant accountant, second assistant accountant, a payroll assistant, clerks, and one or more payroll accountants, who also work with the payroll coordinator at the payroll company responsible for processing the paychecks.

What Does a Production Accountant Do?

The job of a Production Accountant is demanding. Often, a Production Accountant works freelance and on multiple productions simultaneously. So communication, multitasking, and time management are crucial to success in this role.

Their work starts before filming begins, with calculating finances, determining the cost of a production, and coordinating details with the completion guarantor (an insurance policy to ensure the film is delivered on time and on budget). As production gets underway, they stay busy approving requests, checking receipts, and meeting regularly with producers to keep them updated on how spending is tracked.

They will finalize all financial records relating to the production and may also have to arrange an independent audit. Sometimes, Production Accountants collaborate with financial controllers, who are often permanently employed by production companies, and with other studio finance executives.

For a deeper dive into the role of a Production Accountant, check out this interview with Nigel Wood, Film Production Accountant at the ScreenSkills 101 Film series. Also, the article “5 Things to Know Before Becoming a Film and TV Production Accountant,” from Greenslate, has some excellent information as well.

How Do I Become a Production Accountant?

One popular misconception in the industry is that to be a production accountant you have to come from the accounting industry. A background or education in finance and accounting can be helpful, but it isn’t necessary. In addition to the skills mentioned earlier, such as communication, multitasking, and time management, you need to be inclined toward business and finance. Many times, these roles are filled by those fresh out of high school or college who have a love for the entertainment industry.

In this LA Times article about the Production Accountant role, Mark Goldstein, president and CEO of the film production services company Entertainment Partners, said, “The CPAs of the world are dealing with generally accepted accounting principles. The production accountant on the set is really just managing the budget that’s related to it and the expenditures that are being spent against it.”

While some projects are non-union, most large films and series will only hire union workers. So, you may want to join a union (the two big ones are IATSE 161 and 871).

Typically, your first six months will involve shadowing and learning the ropes as a clerk, also known as a third assistant accountant. From there, it’s all about doing solid work, building rapport with producers, and making sure they think of you for their next project.

As you pay your dues as a third, second, and first accountant, you will have the opportunity to work as the key production accountant, and that’s where you start managing the budget, maintaining financial records, and ensuring the entire production is going to come in on time and on budget.

If you are interested in learning more as you pursue this role, the California Film Commission’s Pilot Skills Training program offers an Entry Level Production Accounting Course that you may want to consider.

Learn about film and TV industry jobs, training, and more in the Broadway Stages’ Industry Resource Guide. Our guide provides:

●     Information about industry-focused job posting sites

●     Links to general recruiting sites

●     Education and training programs

●     State, city, and borough industry information

We also include a link to our blogs about many of the jobs that make a production come to life.