MovieScope – Directing The Money

Directing the Money

Production accountant John Gaskin relates the skills and experience required to manage the business and creative aspects of film production.

There is skill, creativity and good old blood ‘n’ guts involved with directing the money in film production, with reputations at stake and careers on the line for more than just the  producers and directors. Even in



this turbulent financial climate, we still hear of budgets raging wildly out of control. Ever been curious as to how that could happen, or how to prevent it? Who’s watching the shop? Well, (gulp)… I am. The production accountant/auditor.Money is a hot topic anywhere, but especially so when addressing a creative and business collaboration.

Accounting bores the creatives, and their financial blind spots annoy the business executives. So, how do we get the two sides of the trench  cooperating?

There are a few tried-and-true accounting techniques which compare the actual shooting process with the schedule and film budget. This entails a rapid-fire cataloging of the costs, which include labour, expenses and overheads committed and paid. Then there are detailed procedures of categorizing actual costs by labour/equipment/overheads and measuring them, line-by-line, with the approved budget. All of us film production accountants know these daily and weekly techniques and we dutifully ply our trade to inform our  producers and financiers of what’s happening. Nobody shout Eureka. Chaos still occurs.

Let’s examine two factors senior to the details: Headology and Directing the Money.

Headology is a term that was created by one of Sir Terry Pratchett’s Discworld characters, Granny Weatherwax. For the uninitiated, headology is basically using words and thoughts to get people to do what you want, without any spells or potions. In our case, I’m using the term to represent the ways and means used to generate the creative spirit and collaboration that is right for a film project. In filmmaking, those who know headology recognize the value of directing the money, and do it intuitively.

For those of you who have experienced one or more facets of successful filmmaking, you will always see at least one individual who is a master of headology. My best examples of its application are the two features that I did with director Ron Howard; they were hands down two of the most enjoyable productions I’ve worked on, and it was indisputably because of Ron’s skills in getting cast and crew to do what was necessary.

Directing the Money:

In filmmaking, nothing happens without a corresponding effect on the film budget. Here is an interesting maxim: without knowing what is right or needed, and just following a set of rules to direct the money, headology inadvertently falls into place. As a corollary,  anybody who knows headology is aware that, to some degree, performance is measured by your skill in directing the money.

My best example of successful directing of money is Disney; their longtime VP of finance has been doing so with an iron fist for over three decades. I cringed and debated under those rules, but ultimately bought into them, as their worth became very apparent with use over five or six feature film productions.

In my experience on 45 film and television projects spread over 25 years and 5 countries, I can say that the times I was in trouble with unapproved cost overruns were when the top end (defined as one or more studio executives, financier, producer or director) were without skill in headology nor directing the money, period.

I won’t be so superior as to instruct you on the nuances of headology, however, I can say with confidence that a study of the way Ron Howard runs his set, and how he has a strong interest in the budget, will carry you a long way down that path. I have observed several successful headology actions which I can share with you; how you bring those into your arsenal is something for you to ponder.

I previously said that by following the techniques of directing the money, headology would inadvertently fall into place. Now I’m entering a field that I’m qualified to  expound on, but, as promised, I won’t get into the details of hot costs, day costs, worked hours and pay hours, etc. Just ask the film accountant for the cost of an average day of shooting and for the labour cost of each consecutive hour of overtime. With a little practice you can use those two factors alone to direct a large part of the money.

Assuming that you are, or have ambitions to be, a director, producer, line producer, film production accountant or unit production manager, here are the characteristics and attitudes that I have observed of those who repeatedly avoid financial pitfalls during the production of a feature film:


1: If the decision that you’re about to make doesn’t feel right, it isn’t. Don’t try to convince yourself.

2: Demand that department heads take responsibility for their departmental budgets. Making decisions for them is counter-productive.

3: Always acknowledge a person’s existence. It creates positive energy.

4: Defuse messed-up situations by stating the truth exactly, then get on with it.

5: Respect the financiers who have placed their trust in you.

Directing the Money

1: Know the terms within sections, categories and line items of your budget, e.g., below the line, camera department, camera rentals respectively.

2: Clearly state your right to apply the savings you create through efficiencies against those costs not budgeted, e.g. work the crew fewer hours than budgeted, then use the savings for a crane shot that was not budgeted.

3: Insist on being informed of the number of worked hours in the budget and keep score, e.g., the number of worked hours budgeted for the grips and electrics.

4: Insist on having access to the film accountant. A director may want to have a producer accompanying him/her.

5: Ask the film accountant for a printout of the day cost, i.e., cost of an average day of production. Review it and clear any terms and rates with him/her.

6: Habitually direct your creative concepts towards a parallel concept of directing the money available per the approved budget.

7: Ask for a copy of the film production’s weekly cost report. This is the report sent to all the financiers, studio execs, bonding company, etc. Read any narrative on the covering memo to prepare for any potential explanations demanded of you in your capacity.


John Gaskin

John Gaskin has worked as a production accountant on over 40 projects, including Devil ( top). He is a film production auditor of 25 years experience, and is the instructor of film workshops and live online training webinars. John is also author of Walk the Talk, a book used by non-accountants to understand how to ‘direct the money’ in film production.

To learn more, visit John’s website at or email him at 25

MS20 p024 Finance and Funding.indd 25 09/01/2011 10:21:40


About filmproduction
I have worked in the film production industry since 1985, working on over 50 different productions of every size in 6 different countries. My self-published book, "Walk The Talk" is written in an easy to read manner for film students and working professionals who haven't had the chance to learn how to 'Direct the Money'.

4 Responses to MovieScope – Directing The Money

  1. LORI says:

    Excellent article – very informative.

  2. Gail says:

    John this is a great article, cuts right to the point. I am getting so nervous the closer we are getting to making this happen (retained a lawyer Paul S Levine to review Seacoasts contract/financing agreement). Reviewed all the wonderful programs that Nova Scotia have to offer/help out with its film industry, very impressive I must say. Now reading up on Nova Scotia tax incentive guidelines. A bit confusing but not too bad…Thanks for these wonderful articles and do you have any recommendation for reading for us being first time Independent-film makers?

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: