Production Accountants are responsible for maintaining financial records during production.
Their job is to prepare cash flow schedules and petty cash schedules per department, as well as calculate the weekly / daily cost of the production, and manage the cash flow.
- During pre-production: Production Accountants assist the producers and production managers to prepare budgets and cash flow schedules, plus set up and manage accounting systems, and supervise assistant accountants and accounts trainees.
- During production their duty include calculating finances, manage cash flow and liaise with producers. They must ensure all legal requirements are met & may deal with bank financing and completion guarantors.
- They will finalize all financial records relating to the production for an independent audit. Production Accountants must have a good working knowledge of filmmaking processes as well as bookkeeping and accountancy skills.