Accounts in film production accounting are crucial for managing finances effectively. They help track the budget across various categories like production phases and specific expenses such as salaries and equipment rentals. This organization enables accountants to monitor expenses and facilitate detailed cost reporting. These accounts are essential for maintaining financial control, aiding in decision-making, and ensuring that the production stays within budget.

Circus currently supports uploading a Movie Magic Budgeting file in JSON format. To export this file:

Next, you can import the budget into Circus. Click on the desired production from your main dashboard. Then, from the production dashboard click on the Accounting icon in the left menu navigation.

Choose 'Globals', then 'Chart of Accounts'. On the right, click the 'Import JSON' button and choose the exported JSON file to import. Circus will import the following:

To expand or collapse an account to reveal the sub-account, simply click on the row in the table.

Account Codes will now be available to select on all Timesheets and Invoices processed through the platform.

Certain costs can be automatically assigned to specific account codes. Currently, Circus supports assigning GST amounts to an account, with plans to include additional options in the future.

To set this up, go to 'Globals' and click on 'Taxes'. Next to 'GST Account' select the Account Code to which you want all GST amounts to be attributed.

All changes will be auto-saved.

Managing Group Codes

Managing Fringes