The Best Alternative to CAPS Payroll Services
Meet Wrapbook: The Best Alternative to CAPS Payroll Services
Searching for a CAPS Payroll alternative? Then look no further than Wrapbook, a modern film payroll company, automating everything from onboarding crew to handling compliance to running payroll – all in one intuitive app.
Wrapbook is Made for Indie Filmmakers
Whether you’re working with CAPS Payroll Services in Los Angeles or NYC, viewing your production’s finances should only take seconds.
With traditional companies like CAPS Payroll, locating a document often requires a few phone calls and, in some grave cases, faxing.
Wrapbook organizes indie filmmakers and producers’ entire production finances on one neat dashboard. After onboarding cast and crew through the app, timesheets and expenses appear in real time each time your crew submits them.
Approve invoices, and when you’re ready to run payroll, just click “Run Payroll.” Sending money to your employees and freelancers takes in seconds, since Wrapbook is one of the few entertainment payroll companies that supports direct deposit.
Plus, unlike CAPS Payroll, it’s entirely paperless.
What is CAPS Payroll Services?
Purchased by Cast & Crew in 2016, CAPS Payroll (also known as CAPS Universal Payroll) provides accounting services out of Culver City, CA.
If you’ve ever worked on high budget commercial shoot, music tour, or live event, there’s a good chance have a CAPS Payroll login, as they primarily cover these types of projects. While retaining their original name, CAPS Payroll is more or less Cast & Crew with different packaging.
In addition to accounting, they offer electronic time cards and CAPSPay, a digital hours to gross tool, that crew can use to spin up their timesheets and then submit.
Wrapbook Has Transparent, Affordable Pricing
Like most film payroll companies, CAPS Payroll requires filmmakers to get a quote for their production. This usually includes a weekly fee to use their services, a fee to cut checks, a fee per SAG pension and health report, a fee for onset accounting, plus a percentage of your gross wages.
Once you’ve finally raised enough money to green light your project, the last thing you want to do is spend it on film payroll.
Wrapbook only 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 depend on the state you’re shooting in, Wrapbook is tailored to productions operating with medium to low budgets so you can stop worrying about paperwork and get back to creating. And since they’re no quote wall, you know you’re always getting the best deal.
Wrapbook Offers Smart, Digital Onboarding
If you wanted to add a member of the crew, it can be a headache. You have to get all their materials, fax them off, and then freelancers create a CAPS Payroll login so they can track the status of their payments.
And perhaps even more frustratingly, 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 timecard or a pension and health report is submitted to a union. Right from being hired, Wrapbook is the app for your freelancers.
And when it comes time for tax season, Wrapbook will automatically send out W2’s and 1099s. Utilizing Wrapbook’s direct deposit feature, you can onboard and pay crew in the same hour, versus Entertainment Partner’s lengthy set up time.
Wrapbook Automatically Calculates Wages
Your production company is based in Maryland, but you’re shooting in Massachusetts, and your director is based in Colorado and has an S-Corp.
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 to CAPS Payroll in NYC, you’ll get a call telling you how much you owe a few days later.
Wrapbook gives you the same answer in seconds.
Drawing from the latest tax codes, Wrapbook calculates employer taxes automatically in the Wrapbook app, so that you can preview your payroll instantly, without ever involving an accountant.
Wrapbook is calibrated so you’re always up to date with every union regulation, keeping your production 100% compliant.
When onboarding crew, all you need to do is flag your crew members’ respective guilds. And when you run payroll, the Wrapbook app will automatically use this information to calculate pension and health in their payroll preview.
Wrapbook submits pension and health to:
Wrapbook is free to get started
While you have to wait to get a quote from CAPS 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’re finally ready to cut checks or pay out via direct deposit.
And unlike CAPS Payroll Services, 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 CAPS Payroll Services…
Because it allows indie filmmakers and producers to put more money into their projects’ actual budget.
Wrapbook isn’t just a great CAPS alternative – it’s an alternative to boxes on boxes of paperwork and endless phone calls.