We're talking about the GreenSlate Chart of Accounts Mapper.
It’s common for production companies to be asked to work in their co-production company’s chart of accounts (COA). Netflix prefers it, and Discovery mandates that their production partners work in their own chart of accounts. In addition, many states, such as New York, require productions to use their designated chart of accounts for tax incentive applications.
This can be a little easier to manage for independents than it is for companies that have their coding set to manage their entire slate, but many production accountants want to handle their coding the way that suits them best and managing tasks like merging a project's financial ledger into required state financial forms can be time-consuming.
It can look a little bit like this sometimes...
There's good news though!
If you are working with GreenSlate, you can code your COA any way you like and easily map the account ledger data to any other company’s or state's COA to generate Cost Reports, Trial Balance, and Bible reports.
The advantages of the Chart of Accounts Mapper are clear:
The end result is that producers and accountants can see their familiar COA and the studios can have it mapped to their specific COA.
You entirely avoid the Spiderman meme situation.
Brett Gantt, GreenSlate's SVP, Head of Accountant Relations swears by this often overlooked feature and says it can save an hour to an hour and a half of work, daily.
Want to learn more about the Chart of Accounts Mapper? Watch a demo of how our mapper works.