Paying cast and crew is one of the most important tasks a production company has. Luckily, Wrapbook’s software makes staying on top of invoices, timecards, and payments easy.
Plus, it only takes a few minutes to get setup.
Once you sign up for an account and receive a welcome email, you’ll be taken to this dashboard. You’ll see a numbered list of four things you need to do set up your production company.
When you first sign up for Wrapbook, you’ll be prompted to enter your production company’s name. This step is usually already completed upon signing up for a Wrapbook account. It can also be changed at any time once you finish set-up.
You’ll notice that the second item on your itinerary is paying a one-setup fee. By clicking on “Pay Setup Fee” a new window will pop-up where you can enter your credit card information.
This set-up fee is only charged once per production company, no matter how many productions you run.
The third prompt asks you to enter your tax information so that Wrapbook can generate tax documents for both you and your employees.
Wrapbook will ask you to enter:
Employer Identification Number (EIN): This is a nine digit number assigned to your business from the IRS so they can track payments come tax season. If you can’t remember or lost your production company’s EIN, the IRS has compiled a nifty guide here.
Legal Name: This is the legal name of your company, as registered with the IRS.
Address: The business address of your company.
Once you’ve knocked out the first three items, you’re finally ready to create your first project.