Budgeting

            Accounting is an art form entirely in it’s own right. Most people in the creative fields approach it with a mixture of fear and awe. This is why the people who know how to create and maintain a budget are generally the highest paid people in a production company.

            However, if you are working on your own independent production it becomes your responsibility to draw up the budget proposal before anything else can begin to happen. Sadly, that’s where a lot of otherwise good ideas fall apart.

            The good news is that there are a variety of services and products that can help. Obviously the best method is to simply hire an accountant. But, if you’re working on an independent production that might be too expensive. Your second option is to research products specifically designed to help you. One of the best I’ve seen is Movie Magic Budgeting. You can find it at http://www.entertainmentpartners.com/Content/Products/Budgeting.aspx

            Your third (and cheapest) option is to do everything on your own. For a producer who has never dealt with accounting before that can be worrying. Have no fear! You are not alone.

            There are some amazing resources available to people with the determination to teach themselves how to cover all the bases. Of these, the best resource I have found is provided by Dependent Films. On their page titled Tools & Utilities for Filmmakers the have provided templates for almost every possible piece of documentation you will need during your production.

            As it just so happens, I have replaced several of my own templates with ones that I found on their site. And, as for this particular documentary, I just need to polish off a few final details and my budget proposal is complete. Hooray! One step closer to actually picking up my camera.