--- title: "About production accounting" slug: "about-production-accounting" updated: 2026-07-02T16:16:16Z published: 2026-07-02T16:16:16Z canonical: "help.wrapbook.com/about-production-accounting" --- > ## Documentation Index > Fetch the complete documentation index at: https://help.wrapbook.com/llms.txt > Use this file to discover all available pages before exploring further. # About production accounting > [!WARNING] > This help article is related to the Production Accounting Suite > > In Wrapbook, production accountants and administrators can manage budgets using either the Production Accounting Suite or [Cost tracking](https://help.wrapbook.com/docs/about-cost-tracking). To understand the differences, [click here](https://help.wrapbook.com/v1/docs/en/about-production-accounting#whats-the-difference-between-production-accounting-and-cost-tracking). ## Overview Wrapbook’s *Production Accounting Suite* (PAS) provides a centralized way to manage film and TV production finances. Wrapbook's PAS features include: - Budget/EFC tracker - Vendor management and payments - Purchase order (PO), accounts payable (AP), and payroll invoice management - Journal entries, posting, and bank reconciliation - Accounting reports including General Ledger (GL), trial balance, and cost reports ## Enable Production Accounting To use PAS features, you’ll need to contact your Customer Success Manager (CSM) or the [Support team](/v1/docs/how-to-get-help-using-wrapbook). ## Access Production Accounting > [!NOTE] > The Production Accounting Suite (PAS) is permission based > > To access PAS features in Wrapbook, your account must have one of the following [roles](/v1/docs/permissions-and-access-control) enabled: > > - Role: *Company Admin, Accountant* > - Custom role with: [*Accounting & Cost Tracking settings*](/v1/docs/roles-permissions#custom-roles) enabled Once *Production Accounting* has been enabled for your company’s account, you can access PAS features from project dashboards: 1. In the left-side navigation, click the dropdown menu 2. In the dropdown menu, select the project that you want to access *Production Accounting* for 3. On the project dashboard in the *Accounting* section, you’ll see an overview of PAS features being used When a project is selected in the left-side navigation, you can use the *Accounting* menu, that’s also in the left-side navigation to access *Production Accounting* features. ![Dashboard overview showing onboarding, timecards, payroll, and accounting details for a project.](https://cdn.us.document360.io/67f3ef76-1568-46b4-8047-4792fc3a99ce/Images/Documentation/Untitled - 2026-02-04T091345.939.png) *Select a project to see the ACCOUNTING menu in the left-side navigation and an overview of Accounting tools on the project dashboard* ## Production Accounting FAQ To help you understand *Production Accounting* in Wrapbook, we’ve put together this list of frequently-asked questions. Click the arrow next to a question to see the answer. #### What’s production accounting? Production accounting refers to the management of film and TV production finances through a centralized system. Wrapbook’s Production Accounting Suite (PAS) includes features such as budget tracking, vendor management, purchase order management, accounts payable, payroll invoice management, journal entries, and accounting reports like general ledger and cost reports #### Can anyone at the company access production accounting? To access Production Accounting in Wrapbook, your account must have one of the following roles enabled: Company Admin, Accountant, or a custom role with Accounting settings - Full access. Once you have the appropriate role, follow these steps: 1. In the left-side navigation, click the dropdown menu. 2. Select the project that you want to access production accounting for 3. On the project dashboard in the *Accounting* section, you’ll see an overview of the *Production Accounting Suite* (PAS) features being used Additionally, you can use the *Accounting* menu in the left-side navigation to access various production accounting features. #### What’s the difference between using the Production Accounting Suite (PAS) and Cost tracking/Payables in Wrapbook? *Production accounting* refers to the centralized management of film and TV production finances, which includes various features such as budget tracking, vendor management, and payroll invoice management. It provides a comprehensive overview of all financial aspects related to a production. On the other hand, *Cost tracking* and *Payables* specifically focus on generating reports that compare committed, actual, and estimated final costs for a project. This includes creating detailed reports that analyze costs per worker, grouped by cost code, and allows for insights into payroll expenses and departmental costs. To learn more, see the [Cost tracking](/v1/docs/cost-tracking) & [Payables](/v1/docs/about-payables) sections of the Help Center. #### I have PAS enabled and have selected a project in the drop-down menu, but I don't see the Vendor Payments option anymore. What happened? Your *Vendor Payments* dashboard has been consolidated into the project’s [**Accounts payable**](/v1/docs/about-ap-invoices-pas#access-the-accounts-payable-dashboard) dashboard as part of our recent updates to streamline your payment workflow. **Where to find vendor payments now:** 1. In the left-side navigation, click the dropdown menu and select the project the payment is associated with 2. Expand the **ACCOUNTING** menu and click **Accounts payable** 3. Your vendor payment information is now organized into the following tabs in the *Accounts payable* dashboard: - *Posted & unpaid* - List of finalized and unpaid invoice transactions - *Payment approvals* - Track and manage vendor payment batches that have been submitted for approval - *Paid* - Shows [vendor payments](/v1/docs/about-vendor-payments-pas) and payables that have been fully completed and paid **Why this changed:** We consolidated vendor payments into the [*Accounts payable*](/v1/docs/about-ap-invoices-pas) workflow so you can manage everything from invoice creation through approvals to payments in one place, without switching between different pages. **What this means for you:** - All your existing vendor payment data is still available - You can still pay vendors using CASHétPay, paper checks, and ACH bank transfers - Payment approvals now follow the same workflow as your other AP approvals - Your payment history is complete and filterable in the *Paid* tab If you need help navigating the updated interface, see [About Accounts payable (PAS)](https://help.wrapbook.com/docs/about-ap-invoices-pas) or contact your *Customer Success Manager*. #### How do I mark an AP transaction as urgent? If your company has Wrapbook’s *Production Accounting Suite* enabled, [authorized](/v1/docs/roles-permissions) production accountants and administrators can use these steps to mark an AP invoice as *urgent***:** 1. Open the invoice from the [Accounts payable](/v1/docs/about-ap-invoices-pas#access-the-accounts-payable-dashboard) dashboard 2. Click the **More** button, then select **Mark as urgent** **What happens when a transaction is marked urgent?** - An **Urgent** indicator appears next to the AP transaction number - The *Activity* log records who marked it urgent and when - The *Accounts Payable* dashboard shows an inline urgent alert, and you can use the **Urgency** filter to view **Any**, **Urgent**, or **Not Urgent** transactions - On the *Payment approvals* tab, any batch that contains an urgent transaction is flagged - On the *Batch* page, urgent transactions are labeled, and the *Activity* log records who marked them urgent and when **To unmark a transaction as urgent** 1. Open the invoice from the [Accounts payable](/v1/docs/about-ap-invoices-pas#access-the-accounts-payable-dashboard) dashboard 2. Click the **More** button, then select **Unmark as urgent** To learn more about AP transactions in PAS, see [About Accounts payable (PAS)](/v1/docs/about-ap-invoices-pas). #### Can I reopen a closed accounting period? No, once a period is closed, there is no self-serve option to reverse this action. **If you accidentally closed a period**, please contact [Wrapbook Support](/v1/docs/how-to-get-help-using-wrapbook). The Support Team can reopen the period on your behalf. Estimated Final Cost: A number that updates bad on acutal costs incurred against the budget (Purchase Order) A financial document committing the production to expenditure. (Accounts Payable) Cash disbursements through the payment of vendor invoices and other payables Vendor billing for products or services rendered. Recording entries to the general ledger in the computer accounting system. The procedure of reconciling (sometimes referred to as balancing cash) the bank balance reflected on a ledger to the bank balance reflected on a bank statement for a given period; to balance a bank statement. Original and detailed book of record for all accounting transactions arranged by departmental account codes that occurs throughout the lifetime of a production. (General Ledger) Original and detailed book of record for all accounting transactions arranged by departmental account codes that occurs throughout the lifetime of a production. The summary statement of all accounts in the general ledger. This document accompanies the weekly Cost Report.