January 10, 2024
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Production Accounting Updates: What’s New in Wrapbook

The Wrapbook Team
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At Wrapbook, we're dedicated to providing you with the best tools to streamline your production accounting processes. We're excited to announce some powerful new features that will make managing your production finances easier than ever. 

Here's a look:

Production accounting updates

Vendor Reports

Managing your vendors just got simpler. Our new Vendor Reports feature allows you to download vendor information and transaction history with a single click. This enhancement is designed to facilitate easy auditing and monitoring of your vendor spending, ensuring you have all the data you need at your fingertips.

CSV Cost Report Export

We understand the importance of flexibility in handling cost reports. With our new CSV Cost Report Export feature, you can now export your cost reports to .csv format. This makes it easier to manage cost report data outside of Wrapbook, giving you the freedom to use your preferred tools for financial analysis and reporting.

What_s New in Wrapbook - Jan 2024 - CSV Cost Report Export

Minimum wage compliance alerts

Staying compliant with minimum wage laws is crucial for any production. With Wrapbook's new Minimum Wage Compliance Alerts, you can now ensure immediate visibility into your minimum wage obligations, helping you avoid any downstream compliance issues.

Key features:

  • Identify Timecards Below Minimum Wage: When running payroll, Wrapbook will alert you if a timecard with multiple locations is set to pay an employee or loan-out below any relevant minimum wage.
  • Take Action: Use the Issue filter or click on View Timecards to identify and correct timecards assigned a rate below the minimum wage for their respective locations.
What_s New in Wrapbook - Jan 2024 - Minimum Wage Compliance Alerts

These updates are part of our ongoing effort to provide you with the tools you need to manage your production finances efficiently and effectively. For more details on these and other new features, be sure to check out our upcoming blog post on creating and managing approval workflows for timecards, expenses, and purchase orders.

Wrapping up

We're committed to continually improving our platform to meet your needs. If you have any questions about these new features or how Wrapbook can help streamline your production accounting, please don't hesitate to contact us. We're here to help you make the most of your projects.

Contact Sales to learn more and get started today.

If you’re already using Wrapbook, find guides, technical support, tips, and tricks at our Help Center.

Production Accounting

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Last Updated 
January 10, 2024

Disclaimer

At Wrapbook, we pride ourselves on providing outstanding free resources to producers and their crews, but this post is for informational purposes only as of the date above. The content on our website is not intended to provide and should not be relied on for legal, accounting, or tax advice.  You should consult with your own legal, accounting, or tax advisors to determine how this general information may apply to your specific circumstances.

About the author
The Wrapbook Team

The Wrapbook Team consists of individuals who are thrilled about building modern software tools for creators. We’re a team of compassionate and curious people dedicated to solving complex problems with sophisticated solutions. You can find us across the U.S. and Canada.

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