The Best Alternative to ABS Payroll Services
Meet Wrapbook: The Best Alternative to ABS Payroll Services
Looking for a more efficient (and cheaper solution) to ABS Payroll Services? Then look no further than Wrapbook. Wrapbook is an entertainment payroll company supporting film, TV, and commercial production. Check out our side-by-side comparison.
1. Easily track and send payments in Wrapbook
Wrapbook’s intuitive software allows you to track your productions’ timesheets and expenses, and run your payroll in real time. After onboarding cast and crew through the app, timesheets and expenses appear in app every time your crew submits them, under their affiliated production.
Easily toggle between your various productions. When you’re ready to run payroll, just click “Run Payroll.” Send money to your freelancers and employees in seconds, since Wrapbook is one of the few entertainment payroll companies that supports direct deposit.
ABS Payroll Services is an accounting firm that you send invoices to and a whole stack of paper documents. After sifting through your production’s books, they pay out your talent and crew.
In order to track a payment or expense, you have to dial up one of their staff members, costing your time and unnecessary fees.
What is ABS Payroll Services?
For forty years, ABS Payroll and Production Accounting Services has offered payroll support to indie features, commercials, and low budget projects. Cost varies based on production, as they require you to ask for a quote.
2.Wrapbook has transparent pricing & will save you money
Once you’ve raised enough money to greenlight your project, the last thing you want to do is spend it on entertainment payroll.
Hiding their prices behind a quote wall, ABS Services typically charges you a weekly fee just to use their services, a fee per paper check, a fee per SAG pension and health report, plus a percentage of your payroll.
Wrapbook charges 0.5% of your gross wages and a one-time setup fee for unlimited access to their intuitive software. And that’s it.
While Worker’s Comp rates depends on what state you’re shooting in, Wrapbook typically is two percent lower than ABS Payroll Services.
This alone can save you thousands of dollars on your shoot.
3. Wrapbook automatically calculates film payroll fringes
Your production company is based in New York, but you’re shooting in Georgia, and your cinematographer are based in Texas and union. How exactly do the taxes on that work on that?
After you have everyone on set fill out a stack of paperwork and fax it off, ABS Payroll Services will then tell you how much you owe them via email.
Wrapbook gives you the same answer in seconds.
Drawing from the latest tax codes, Wrapbook calculates employer taxes automatically in the Wrapbook app automatically, so that you can preview your payroll instantly, without ever involving an accountant.
4. Wrapbook offers Smart Onboarding
At entertainment payroll companies like ABS Payroll Services, onboarding crew and running payroll are treated as two separate entities – despite the fact that they share essential information.
Wrapbook automatically collects forms from your crew and actors when they join your production – all on the app.
It then uses that same information whenever a time cards is submitted or a pension and health report is submitted to a union. You have better things to do than keep on faxing information to your payroll company!
Utilizing Wrapbook’s direct deposit feature, you can onboard and pay crew in the same hour, versus ABS Payroll Services’ lengthy set up time.
5. Union approved
Wrapbook keeps up with every union regulation, keeping your entire production compliant. All you need to do is flag your crew members respective guilds, when you run your payroll, the Wrapbook app will automatically use this information to calculate their pension and health in their payroll preview.
Wrapbook submits pension and health to following guilds:
6. Wrapbook is free to get started
While you have to wait to get a quote from ABS Payroll Services, it’s absolutely free to sign up for Wrapbook until you process a payment.
Set up your production, collect timesheets, onboard your team, and get everything just the way you like it. Wrapbook only charges a fraction of a percent when you finally cut the checks or pay out via direct deposit.
Plus, Wrapbook doesn’t require a payroll bond, so you can pay your crew without having to front your entire budget upfront.
Click here to sign up free.
Wrapbook Is The Best Alternative to ABS Payroll Services…
Because it allows you to put more money into your actual film’s budget. Producing a film is a long and difficult process. Entertainment payroll shouldn’t be.