Accessing your financial data just got more intuitive. Our new AI-enabled General Ledger allows you to find exactly what you're looking for using simple, everyday language.

Simply ask questions like "Show me all payroll expenses from January" or "What were our location rentals costs last quarter?" in the quick filters search field. AI will apply the appropriate filters, which you can review and adjust before downloading your report.

Watch a demo of the feature here.

This feature is available to customers using Wrapbook's Production Accounting Suite and can be enabled by contacting your Customer Success Manager or support@wrapbook.com.

A refreshed interface and enhanced functionality make managing your POs more efficient for projects using Wrapbook's Production Accounting Suite. Here's what's new:

• Redesigned purchase order page featuring an updated grid layout, enhanced filtering, and flexible PO settings—including manual or automatic PO numbering and department requirements
• New export options including Hot Budget, Showbiz, PO Binder, and Backup
• Streamlined PO entry screen with an improved entry grid, simplified header, and quick PO creation

Questions? We’re here to help. Reach out to support@wrapbook.com.

We're excited to announce new features to help production companies better control their organizational setup, permissions, and payroll processing workflows in Wrapbook. With Org Hierarchies you can now seamlessly replicate your real-world organizational structure within Wrapbook.

New Organizational Unit (OU) settings enable you to create business units in Wrapbook and assign people and projects to them so that you can easily control access and permissions across your entire production company. In addition, you can now setup multiple Production Entities (PEs) in Wrapbook and select which projects are run through each entity.

For more information on these new settings, check our our Help Center Articles, Organizational Structure Setup & Management and Production Entity Setup & Management. You will need to contact your Customer Success Manager or support@wrapbook.com to implement these settings.

Questions? We’re here to help. Reach out to support@wrapbook.com.

In observance of Presidents' Day, banks and Wrapbook will be closed on Monday, February 17th. 

Please plan for additional payroll processing time to avoid any delays in payment. 

If you have any questions or concerns, please reach out to us at support@wrapbook.com.

Have a SAG worker with escrow requirements? If they’re earning under $65,000, you can now track these funds in Wrapbook, even if they’re paid outside the platform.

You can:

• Track escrow balances, payments and remaining funds in real time.
• Provide clear reporting to SAG with detailed payments and work history documentation.

To learn more, visit SAG Escrows

Questions? We’re here to help. Reach out to support@wrapbook.com

We're excited to announce that you can now duplicate projects in Wrapbook! This new feature allows you to duplicate project details from previous projects which makes project creation faster and more efficient. To duplicate a project, locate the project in the All Projects Dashboard, click the three-dot menu next to the project, and click Duplicate. Input the new project's name, start and end dates, shoot days, and project number and you're good to go! 

In observance of Martin Luther King Jr. Day, banks and Wrapbook will be closed on Monday January 20th. 

Please plan for additional payroll processing time to avoid any delays in payment.

If you have any questions, please reach out to us at support@wrapbook.com. 

Wrapbook’s new 1099 Reporting page makes it easy to prepare and e-file Forms 1099-NEC and 1099-MISC for vendors who have received an AP invoice payment through Wrapbook in 2024. Starting today, customers with Production Accounting enabled can click 1099 Reporting from the left-hand navigation to review, modify, and export 1099 vendor transactions to prepare for 2024 tax filing.

In January, we will notify you when the filing window opens and you can e-file your 1099s with the IRS through Wrapbook. Please note, you are responsible for printing and mailing 1099s to vendors for AP payments. To learn more about the new 1099 Reporting page, see our Help Center article, Vendor 1099s.

Questions? We’re here to help. Reach out to productionaccounting@wrapbook.com.

Creating a project in Wrapbook is now more flexible and collaborative than ever before! Now when creating a project in Wrapbook, you can:

• Input project details section by section, save progress, and return to project setup through a new Draft tab on the All Projects Dashboard.
• Collaborate with multiple team members to complete project setup.
• Access and manage project settings while in draft mode to set up production accounting, approval workflows, and other project specific settings. 

To learn more about the new project creation workflow, see our Help Center article, Create a Project. 

Questions? We’re here to help. Reach out to support@wrapbook.com.

Please be advised that Wrapbook's pricing will see some modest adjustments in the new year, effective January 2, 2025.  

Here's what's changing: 

• Loan-out and Contractor Payments: The standard flat rate for payments to loan-outs and contractors will increase to $18.00 per payment. 
• Workers' Compensation Rates: These rates will undergo slight annual adjustments, as always, varying by state. 
• State Unemployment Insurance (SUI): Rates will adjust according to state-specific guidelines. Some changes will take effect in January, while others will roll out through the first quarter of 2025. 
  • California and New York will remain on the FUTA Credit Reduction list, resulting in an increase of 0.3% to FUTA Supplemental rate.  
  • Connecticut is no longer on the FUTA Credit Reduction list, decreasing FUTA Supplemental rate to 0%. 

Questions? We're here to help. Please reach out to our Support team at support@wrapbook.com.