Credits

A Credit is an expected incentive, refund, tax benefit, or other value that can be deducted from the final cost of your project. For more help with incentives make sure to check out the Entertainment Partners Production Incentives page.

Access Credits

To access Applied Credits either:

• RIGHT-CLICK a row in the Topsheet and select Apply/Create a Credit
• Click Cr (credits) in the top navigation bar
• Press CTRL + \ on a PC or CMD + \ on a Mac

The Setup page for Credits lists all the credits available in your budget in the left rail. Applied Credits (i.e., credits that are being used and deducted from your budget total) are shown with a blue dot next to their name.

Add a Credit

• Click + ADD to create a credit
• Edit the credit name if needed
• Add an overall Applied Credit Cap if there is one
  • This caps the overall credit, in addition to individual caps assigned below
• Add a Discount Percentage if there is one.
  • This reduces the credit, usually representing a fee on the credit such as a broker % fee
• Enter an Account Number if needed
• Make changes to the credit table (see below) to get to a final Net Credit amount

Note: Once a credit is added, it still needs to be Applied to change your budget.

Credit Table: Flat Amount

• Click + ADD ROW
• Click on the Description cell and edit as needed
• Click on the Gross Total cell and enter the total value of the credit
• Select a Cap Type if required (see below)
• Click to enter a Cap value if needed
• Click and enter a % for this row

The Net Total for this row will be 100% of the Gross Total. Excluded Fringes are not used in the calculation for Flat Amount credits.

Credit Table: Included Groups

• Click INCLUDE GROUPS
• Select a Group from the drop down list
• Select a Cap Type if required (see below)
• Click to enter a Cap value if needed
• Click and enter a % for this row

The Gross Total for this row will be the total value of lines tagged with the selected group. The Net Total for this row will be the Gross Total minus any selected Excluded Fringes (see below) applied to lines tagged with the selected group.

Credit Table: Excluded Fringes

To exclude certain fringes from the totals calculated for a credit, click on EXCLUDED FRINGES and select the fringes from the drop-down menu.

The EXCLUDED FRINGES button displays one of three states:

• Checkmark — all available fringes are excluded
• Dash — some fringes are excluded
• Empty — no fringes are excluded

A dynamic count appears next to the state (for example, "3 of 58 selected") so you can see at a glance how many fringes you have excluded without opening the drop-down.

Excluded Fringes affect every row in the Credit Table that is driven by an Included Group. For each Group-tagged Detail line, the selected fringe amounts are subtracted from the line's Gross Total; the result rolls up to the Net Total used in the credit calculation. Flat Amount rows are unaffected.

Credit Table: Row Values

If the Cap Type for a row is NONE then the Credit Amt for the row will be calculated as the Net Total multiplied by the %.

If a QS (Qualified Spend) Cap Type is selected then the Credit Amt is calculated as the smallest of the Net Total or the Cap multiplied by the %.

If a CR (Credit Cap) Cap Type is selected then the Credit Amt is calculated as the Net Total multiplied by the % until it reaches the value of the Cap.

Examples

A production is being shot in a location that returns 15% on a maximum of $500,000 of local qualified labor costs. To apply this qualified spend cap, include a group tagged with qualified labor, then enter 500,000 in the cap field. Next select “QS” (Qualified Spend) as the cap type. Finally, enter 15 in the percentage field. The system will calculate the 15% and stop once the qualified spend amount reaches 500,000.

A production may be shooting in a location that allows a 20% return on all expendable purchases with a limit of $100,000 for the credit. To calculate this credit cap, include a group tagged with expendable purchases. Then enter 100,000 in the cap field and select “CR” (Credit Cap) as the cap type. Finally enter 20 in the percentage field and the system will calculate 20% of that group until it reaches the limit of $100,000.

Credit Table: Final Calculation

The final Net Credit is the smallest of the total of every row's Credit Amt or the Applied Credit Cap, minus the Discount %.

Once applied, the credit appears on the Topsheet below the Grand Total as an Applied Credits subtotal, and the budget recalculates to a Net Total.

Remember: Once a credit is created, it still needs to be Applied to change your budget.

Applied Credits Subtotal & Print View

When two or more Credits are applied to a budget, an Applied Credits Subtotal row appears in the Credits Setup screen summarizing the combined Credit Amt across all applied credits.

To print or export a report of the Applied Credits directly from Setup:

• Open the Credits Setup screen
• Click PRINT REPORT VIEW
• Choose Export PDF or Print from the report toolbar

This print view mirrors the Applied Credits table in the Setup screen and is independent from the Report Setup workflow.

Delete a Credit

Note: If you simply want to un-apply the credit from your budget but keep the calculation to use again in the future, see Un-applying Credits.

• In the left rail, select the credit you want to delete
• Click the DELETE button

The credit will be deleted from your budget and your totals recalculated automatically.