Sample Chart Of Accounts Movie Production Company

Sample Chart Of Accounts Movie Production Company

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Finally, be sure to download the Form NYS-3800, Accounting For Property and Services Used in Production, Distribution and Exhibition of Motion Picture Films and follow these three steps when completing each of the return sections:

Line 1 is the name of the person making the donation. If the donation is made by a company, the name of the company should be listed. If the donation is made by an individual or another entity, the name of the donor should be listed.

Line 3 is the original value of the gift, if known. If the value of the gift is not known, leave it blank. You can refer to the chart on page 1-1 of the Guide for more details on what is taxable and what is exempt. If you make donations to another entity, be sure to note that on line 2 of the return and attach the documentation to support the value of the donation.

The chart of accounts streamlines various asset accounts by organizing them into line items so that you can track multiple components easily. Asset accounts can be confusing because they not only track what you paid for each asset, but they also follow processes like depreciation.

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