The Cost Report and Trial Balance Report have been updated for projects using Production Accounting with:

• New filters to run the reports by period or effective date range and filter by location, production, set, and free field tags
• The ability to run the Cost Report for one or multiple budgets
• New reporting options like show/hiding $0 account balances, variances, and export options 

To learn more, visit Accounting Reports.

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

Save time with multi-day selection for allowances and other payables.

Now you can select multiple dates at once when adding allowances or other payable types to a worker's timecard. This new feature automatically creates identical entries across all selected dates, copying all your entered data—making bulk entries faster and easier than ever!

To learn more, visit Add an allowance to a workers timecard.

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

Effective March 3, 2025, Wrapbook will collect a new Benefit Cost Rate (BCR) add-on tax for wages paid in California, New York, and Connecticut. The BCR add-on is a supplemental employer tax related to Federal Unemployment Tax Act (FUTA) charges.

BCR add-on rates & annual employer maximums, per employee:

• California: 3.7% ($259 max)
• New York: 1.1% ($77 max)
• Connecticut: 0.8% ($56 max)

What you need to know:

• BCR add-on applies to all wages processed in these states going forward (up to the $7,000 federal wage base).
• There is a possibility that the BCR add-on for 2025 will be waived at the federal level. The waiver decision should be made by September 30, 2025. We will inform you of the waiver decision as soon as we have it.
• If the BCR add-on is waived, we will refund the BCR add-on fees collected.
• If the BCR add-on is not waived, we may retroactively collect for this period for employees who worked January 1 - March 2, but did not work a sufficient amount after March 2 to reach the $7,000 wage base.

Based on crew workers continuing to be employed throughout the year in these states, we believe we can shoulder this burden together and come through stronger.

Questions? Contact us.

Approval workflows for timecards, expenses, and POs can be assigned to specific Organizational Units (OUs).

Customize approval workflows for each organizational unit and designate specific approvers. This ensures approvers can only access and review timecards, expenses, and purchase orders within their assigned unit.

To learn more visit, Creating a new approval workflow.

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

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.

In 2024, the state of Connecticut paid off its federal unemployment loan, causing the FUTA Supplemental rate to drop to 0%. However, as of January 1st, 2025, the state now has a new outstanding loan. Due to Connecticut’s borrowing history—four consecutive years between 2022 and 2025—the state will be subjected to a supplemental 1.2% on FUTA for the current tax year.

Accordingly, projects in Connecticut will see a 1.2% increase in FUTA Supplemental on all future payrolls. 

Please note that the change will only apply to payrolls going forward; we will not be back-collecting on any previously-run payrolls.

Questions? Reach out to us anytime at 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