Film Accounting 101 – Degrees Are Not A Factor
September 2, 2012 2 Comments
The profession of Film Accounting is arguably the last accounting profession on Earth, where you can earn over $100,000 a year, WITHOUT a degree of any kind – however an apprenticeship of 2 to 5 years is common. As an aside, last Friday I was talking to my current Unit Production Manager on a fairly big television series production who told me that she didn’t finish high school – furthermore she makes more than her two siblings who both have Masters Degrees. Just to give you the concept how little anyone cares about degrees in the film production world.
NO ONE CARES ABOUT YOUR EDUCATION
Sorry, I know them’s fightin’ words …. but beyond knowing that you can complete the things you start, no one cares where you went to school, what you took, or even if you didn’t. Yes, it’s a fun conversation breaker, but really … no one hires on that basis.
WHAT PATH CAN YOU TAKE TO GET INTO THE BUSINESS?
I get asked this question a lot. Again, there isn’t a straight forward path to take. There aren’t any head hunters or series of courses to take at specific colleges/universities. I think that there should be, with practical drills and applications – but there isn’t. Why? Hmmmm … excellent question. Film production people are a breed that believe in getting a valuable final product at any cost in a defined unit of time – and, they don’t see that kind of attitude coming out of colleges; at least, not in a large percentage of cases. Most film people truly believe that if you can’t walk into the job and DO it,(without too many mistakes), then you’re not going to make it and they’ll let you go and try someone else.
NOT FAIR YOU SAY?
Yup. I say that, too. That’s why I make a special effort to train people BEFORE they get hired. There isn’t any money set aside in the budget to train someone. Each crew member needs to stand on their own 2 feet as soon as they walk on board. The attitude is – if we didn’t badly need you we wouldn’t have hired you, so get the job done and if you’re slow then work harder-longer.
THE WINNERS REAP BIG
It’s a fact that if you get past the first few productions, and are still standing, that you’ll be in demand. It’s tough to find someone as tough as me and thee. If I find someone who can take the rapidity of workflow, deal with it, that person is placed on my speed dial for the next production I’m on. It’s a fact. I have a true story about a CPA in Detroit who did one of my courses, suffered through probably two of the worst low-budget messy productions ever in Michigan, came out the other side, then participated in a huge film production where everyone loved her. She ended up with a very good full-time job, in a jobless town (Detroit), working with the film board to keep the producer’s honest with their budgets and state tax credits. Like I said, the winners reap big.
Learn something about the business before you jump – especially if you’re looking at film accounting as the route into the ‘biz. Try to accept contracts that aren’t impossible productions run by rookie producers, or, if you DO end up with an impossible production, work your way through it with killer hours and take the abuse – because at the end of it you’ll be recognized as ‘da dude – people like me will look you up and bring you into the fold.
I have knocked myself out coming up with a training agenda in film accounting, film budgeting, managing film production cost reports, etc. Have a look at my courses on http://www.talkfilm.biz
I’m not sure in what time period you’re looking at this blog – so check the link to see if I have something for you, near you, soon. (At the time of this writing the next two courses are Sept 22/12 “Film Accounting and Auditing”, then on Oct 20th and 21st “Film Accounting 101”.
Click here to see more.