Successfully Managing Your Production Budget

Episode 119 - Successfully Managing Your Production Budget In this episode of the Faith and Family Filmmakers podcast,Geoff interviews Margot Ransom, CEO and founder of ProdCo Accountants. With over 25 years of experience in production finance, Margot provides insights into the critical role of accounting in filmmaking. She discusses common pitfalls in budgeting, the importance of cost control, and best practices for managing a production company's finances. Margot also shares practical advice on using financial platforms and software to streamline operations, emphasizes the need for real-time reporting, and highlights her work on notable projects such as 'Nefarious' and 'After Death.'Highlights Include:Welcome and IntroductionThe Importance of Accounting in FilmmakingCommon Pitfalls in Production BudgetingReal-Time Reporting and Cost ControlWorking with Line ProducersProduction Company Accounting vs. General Business AccountingProjects and Clients: Success StoriesBest Practices for Budget ManagementContact InformationBio:Margot Ransom is the CEO and Founder of Prod Co Accountants.With over 25 years of accounting experience in production finance, Margot understands business and accounting systems. She knows what information owners and producers need to manage the business effectively. She has spent her career bringing smooth, predictable financial operations to production companies.An effective communicator, she can cut through the sometimes complex and mysterious world of accounting and translate it to simple English. https://www.linkedin.com/in/margot-ransom-prodcoaccountants/https://prodcoaccountants.com/https://cashflowprojection.prodcoaccountants.com/opt-in-projectionhttps://tinyurl.com/SampleStreamerCOAhttps://tinyurl.com/3PitfallsTrackingShowCostshttps://www.whoisnefarious.com/https://tinyurl.com/LightsCameraKentuckyhttps://tinyurl.com/ExploratoryCallMargotScreenwriters Retreat - Mexico: https://www.faffassociation.com/writers-retreatJaclyn's Book - In the Beginning, Middle and End: A Screenwriter’s Observations of LIfe, Character, and God: https://www.amazon.com/dp/B0D9R7XS9VVIP Producers Mentorship Program https://www.faffassociation.com/vip-producers-mentorship The Faith & Family Filmmakers podcast helps filmmakers who share a Christian worldview stay in touch, informed, and inspired. Releasing new episodes every week, we interview experts from varying fields of filmmaking; from screenwriters, actors, directors, and producers, to film scorers,  talent agents, and distributors. It is produced and hosted by Geoffrey Whitt and Jaclyn Whitt , and is brought to you by the Faith & Family Filmmakers Association Support Faith & Family Filmmakers Our mission is to help filmmakers who share a Christian Worldview stay in touch, informed, and inspired. If you would like to assist with the costs of producing this podcast, you can help by leaving a tip.Get Email Notifications Enter the Faith & Family Screenwriting Awards festival Faith and Family Screenwriting Academy: https://www.faffassociation.com/Script Notes and Coaching: https://www.faffassociation.com/script-servicesCopyright 2024 Ivan Ann Productions