PRODUCTION MANAGEMENT & ACCOUNTING

Strong production management plays another role in any project’s success. Here, that responsibility falls on to two key individuals – production manager and production accountant. It is the responsibility of these individuals to work hand in hand and to see that the project remains on budget and on schedule. 

Here are the standard accounting procedures:

Accounting top sheet

Budget report summary

Detailed cost report (no negative ETC’s)

Trial balance sheet (assets, liabilities & production expenses)

General ledger

Check register

Cashet/petty cash expenditures 

Production management (when applied successfully) is a check and balance system between the production manager and accountant.