Even though our production module was developed specifically for producers, non-producers will also benefit. Efficient money management is critical for ensuring maximum profit. It’s also a big part of getting paid more quickly. The faster you wrap and submit your invoice, the faster you'll get paid.
Thanks to BlinkBid:
- Tracking your receipts while in production makes wrapping the job much easier.
- You have the option to mark a receipt as anticipated so you can enter what the vendor charge will be, but also be aware that you have not received the actual invoice yet.
- You can manage your budget well—key to higher profits per jobs, and critical for tracking expenditures so you don’t lose money.
Watch the video for more details
keep track of your budget
Take a look at your estimate. Each line item is going to have a bunch of costs associated with it. For example, a props line item in your estimate which totals $1500 will have many receipts from a few different prop-rental houses. As you add receipts into the line item in the production module, you may find that you only spent $1100 bucks. That leaves you with a surplus of $400 dollars.
move money around
But wait. The client loves sushi, and you were going to serve hot dogs for lunch. Now your meals line item needs a little extra money. In BlinkBid that’s no problem. The Production Module allows you to take surplus money from one line item and give it another. Once you do that, you can see at a glance how all your line items and your overall budget is doing.
easily wrap you job
Best of all, you can print a production report and a wrap report with the actual expenditures (called actuals) displayed so you can wrap your job and paste up your receipts much more efficiently. This “actual tracking” is a key part of letting you know how much profit you made on each job.