![]() ![]() So maybe it’s time to bring the DoP in for a meeting about how much he’s asking for that dolly and lighting package. You can also use your actualized budget to identify departments that are over-spending before they break the bank. If you discover that some departments have come in under-budget, you can reallocate their unused resources to other departments that need them. This document tells you exactly how much you've spent over or under your total projections. Next, go through your transaction list and add up the transactions for each budget account. So, how much were you planning to spend for each budget account? Start with a list of your budget accounts and their totals. Along the way, you might also learn how to make money with short films.īecause you can’t make money if you can’t control spending. You're about to learn all the steps you should take to prevent such a production disaster from happening to you. You reach for the checkbook and discover that you cut all the checks for the crew, and have no spares left.įortunately for you, this is all just hypothetical. While you're thinking, that PA comes back and asks for her reimbursement. It might not even show the most recent debit card transactions if they haven't yet cleared. The bank website doesn't show all those checks you've cut that haven't been deposited yet. "But I know how much money we've spent! I can look that up on the bank website!" you tell me this. Your production budget tells you how much per department you can spend, but suddenly it seems useless if you can't track your purchases. you haven't tracked those purchases, either. In comes the cinematographer with a long face. ![]() So you tell the PA "just buy it and bring back the receipt - we'll reimburse you!" The PA says she needs her reimbursement today, or she might not have enough money to cover the rent. Maybe someone tipped the pizza delivery guy? You check the petty cash envelope, but there's less money in there than you expected. The production designer sends a PA to you for petty cash so she can go make the purchase. You figure "that's what the contingency is for, right?" and approve the expense. It costs more than the art department in your short film budget allows. It's the last day of production, and your production designer comes up with a great idea for a prop.Īlas, there is a problem. Poor financial planning is what every short filmmaker or producer wants to avoid at all costs.įor instance, you're in production on the short film that you've worked six months to fund and prepare. 1.1 A CASE STUDY Learn about budget nightmares ![]()
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