Accounting for Event Companies
The Pros and Cons of Traditional vs. Digital Accounting for Event Companies
Transition to digital accounting from traditional methods prompts pros and cons comparison amidst intricate challenges.
Expert Accounting and Finance Services for Media and Entertainment Companies
Partner with an all-star accounting, tax and finance team that understands the big picture for media and entertainment companies.
Expert Accounting and Finance Services for Media and Entertainment Companies
Partner with an all-star accounting, tax and finance team that understands the big picture for media and entertainment companies.
A Scalable Team for Your Unique Finance and Accounting Needs
The market for media and entertainment companies looks nothing like it did ten years ago and the next revolution in consumption, technology or distribution channels is always just around the corner. But that also means forecasting and budgeting can get complicated and knowing your cash flow, costs, and tax obligations across multiple projects is vital to staying ahead.
At Scrubbed, we understand the challenges that media and entertainment companies face, including seasonal fluctuations in income, ensuring accurate revenue recognition for production costs and distribution rights, and the importance of budgeting and forecasting to effectively manage cash flows through the life of a project. We pay attention to the accounting guidance that governs the media and entertainment industries, and help you comply with multi-state tax obligations so you can focus on getting your next project across the line.
A Scalable Team For Your Unique Finance And Accounting Needs
The market for media and entertainment companies looks nothing like it did ten years ago and the next revolution in consumption, technology or distribution channels is always just around the corner. But that also means forecasting and budgeting can get complicated and knowing your cash flow, costs, and tax obligations across multiple projects is vital to staying ahead.
At Scrubbed, we understand the challenges that media and entertainment companies face, including seasonal fluctuations in income, ensuring accurate revenue recognition for production costs and distribution rights, and the importance of budgeting and forecasting to effectively manage cash flows through the life of a project. We pay attention to the accounting guidance that governs the media and entertainment industries, and help you comply with multi-state tax obligations so you can focus on getting your next project across the line.
Outsourced Tax and Accounting for Media and Entertainment Businesses
Whether you’re a rising star or a household name, Scrubbed is your expert partner when it comes to accounting, finance and tax issues. We can manage the needs of a single project or scale to provide an outsourced solution for the whole organization’s finance, accounting and tax needs.
Outsourced Tax And Accounting For Media And Entertainment Businesses
Whether you’re a rising star or a household name, Scrubbed is your expert partner when it comes to accounting, finance and tax issues. We can manage the needs of a single project or scale to provide an outsourced solution for the whole organization’s finance, accounting and tax needs.
Our services for media and entertainment clients include:
Financial Accounting, Taxation, and Corporate Finance
- Managing bookkeeping, budgets and forecasting cash flows for the life of a project.
- Handling complex revenue recognition including production costs, distribution rights and revenue sharing agreements.
- Managing the accounting and tax challenges of profit participation and licensing arrangements.
- Keeping you on the right side of online payment cybersecurity requirements and regulations.
- Managing fees for third-party vendors.
- Preparing compiled, reviewed, or audited financial statements.
- Planning for, and preparation of, federal, state, and local tax returns.
- Establishing robust, well-documented accounting processes and controls that reduce risk.
- Ensuring compliance with accounting standards and reporting requirements for the industry.
- Tracking royalties and expenses.
- Accounting for cryptocurrency and other digital assets.
Risk Advisory
- Due diligence reviews of financials for acquisitions and consolidations
- Internal Audit Co-Sourcing/Outsourcing
- SOX Compliance Assessment/Preparedness Program
- SOC Audit Preparedness
- Cybersecurity Services
Technical Accounting
- Create Technical Position Paper/White Paper Summary
- Support in technical accounting under IFRS/US GAAP
- Analyze revenue contracts in accordance with ASC 606/IFRS 15
Analyze financial instruments and assess expected credit loss model in accordance with ASC 326/IFRS 9
Analyze lease contracts analysis in accordance with ASC 842/IFRS 16
Assist in adoption of other complex emerging standards
Conduct an audit readiness program – planning, execution, and completion
Facilitate Financial Statement conversions between accounting frameworks (e.g. Local GAAP to US GAAP, IFRS to US GAAP, and vice versa)
Conduct an IPO readiness program
Account and report impact of significant unusual transactions
Support in transaction structure, including contract consultancy (acquisitions and readiness)
ESG
- Prepare sustainability reports and financial statements disclosures that meet sustainability standards (e.g., US ESG Proposals, ESRS, GRI, SASB, TCFD, etc.).
- Through our GRI Certified Sustainability Professional, conduct comprehensive training on ESG and GRI principles to help companies demonstrate their commitment to sustainability, attract investors, and improve their corporate reputation.
Assess ESG preparedness in terms of dealing with GHG emissions, value chain and other stakeholder concerns.
Account and report ESG-related assets and transactions.
Establish ESG policies and procedures in compliance with sustainability standards.
Benefit from Your Partnership with Scrubbed
Greater
Flexibility
Media and entertainment companies need to be nimble and quick to pivot, so accounting needs ebb and flow. With Scrubbed, your team can scale along with your projects.
Consistent
Service
Finding and keeping accountants who understand media and entertainment can be challenging. With Scrubbed turnover needn’t affect your business.
Increased
Efficiency
Our team is multi-national so we can offer you 24-hour attention and you can focus more energy on what you do best.
Industry-Specific
Expertise
Scrubbed understands the complicated accounting and finance needs of media and entertainment companies. We stay on top of the relevant standards and regulations across every distribution channel.
Want to chat? Pick the time that works best for you!
Let’s talk about your business and how Scrubbed can help make financial reporting and accounting for media and entertainment businesses more effective.
Want to chat? Pick the time that works best for you!
Let’s talk about your business and how Scrubbed can help make financial reporting and accounting for media and entertainment businesses more effective.
Scrubbed Helps An Early Stage Start-up Company Achieve $7 Million Fundraising Round
As they prepared to launch a seed fundraising round intended to secure $5 million in capital, Hyperreal Digital Inc., a metaverse media entertainment company, the management team recognized they couldn’t attract investors without solid financial forecasts and a sound operating budget.
Scrubbed Helps An Early Stage Start-up Company Achieve $7 Million Fundraising Round
As they prepared to launch a seed fundraising round intended to secure $5 million in capital, Hyperreal Digital Inc., a metaverse media entertainment company, the management team recognized they couldn’t attract investors without solid financial forecasts and a sound operating budget.
Steady Financial and Tax Services for a Volatile Industry.
At Scrubbed, we invest time learning as much as we can about the companies that partner with us, so we can provide the highest level of support possible and become a critical part of the team. As distribution channels change, production costs skyrocket, and audience behaviors evolve, we focus on providing clear and actionable financial reporting and tax strategies that help you keep the show on the road.
Download Capabilities Brochure here:
Want to learn more about our services or meet more of the Scrubbed Team?
Steady Financial and Tax Services for a Volatile Industry.
At Scrubbed, we invest time learning as much as we can about the companies that partner with us, so we can provide the highest level of support possible and become a critical part of the team. As distribution channels change, production costs skyrocket, and audience behaviors evolve, we focus on providing clear and actionable financial reporting and tax strategies that help you keep the show on the road.
Insights for Your Media & Entertainment Company
Blogs
Tips, Guides, & Case Studies
Case Study
Next Day Better & Scrubbed: Seamless Collaboration, Informed Decisions
Next Day Better is a media and agency platform that focuses on the stories and
Guide
Mastering the Budget: The Ultimate Guide to Project Expense Monitoring for Media & Entertainment Professionals
Effective project expense and budget monitoring in the dynamic and high-stakes media and entertainment industry
Case Study
Scrubbed Helps An Early Stage Start-up Company Achieve $7 Million Fundraising Round
As they prepared to launch a seed fundraising round intended to secure $5 million in
The Leadership Team
Arlene Tapispisan
Arlene has more than 21 years experience in the following fields of expertise: – external audit with the big 4 – internal audit with transportation and logistics companies. – end to end finance and accounting – general management and administration. She is currently a Director for Financial Reporting and Accounting Services with Scrubbed, responsible for the overall leadership and management of a group of diverse accounting professionals that caters to companies in the Information, Media and Entertainment, Manufacturing and Distribution, Cannabis, Real Estate, SaaS, Clean Technology and Renewable Energy spaces.
Paulina Parpan
Paulina is the Diverse Accounting Group Manager with over a decade of experience in bookkeeping, accounts receivable, and cash flow management. She began her accounting career in banking, spending six years handling back office accounting and marketing for various financial products. At Scrubbed for nearly six years, Paulina excels in bookkeeping and advisory services. Her leadership skills are exceptional, and she effectively manages teams to achieve professional, personal, and team goals. Paulina is also a board member of the Scrubbed Social Impact Event, demonstrating her commitment to social responsibility. She holds a Bachelor of Science in Business Administration with a Major in Accounting from Holy Angel University. Outside of work, she enjoys reading, with top picks including Simon Sinek’s “Start with Why” and “The Power of Influence.”
Arlene Tapispisan
Arlene has more than 21 years experience in the following fields of expertise: – external audit with the big 4 – internal audit with transportation and logistics companies. – end to end finance and accounting – general management and administration. She is currently a Director for Financial Reporting and Accounting Services with Scrubbed, responsible for the overall leadership and management of a group of diverse accounting professionals that caters to companies in the Information, Media and Entertainment, Manufacturing and Distribution, Cannabis, Real Estate, SaaS, Clean Technology and Renewable Energy spaces.
Paulina Parpan
Paulina is the Diverse Accounting Group Manager with over a decade of experience in bookkeeping, accounts receivable, and cash flow management. She began her accounting career in banking, spending six years handling back office accounting and marketing for various financial products. At Scrubbed for nearly six years, Paulina excels in bookkeeping and advisory services. Her leadership skills are exceptional, and she effectively manages teams to achieve professional, personal, and team goals. Paulina is also a board member of the Scrubbed Social Impact Event, demonstrating her commitment to social responsibility. She holds a Bachelor of Science in Business Administration with a Major in Accounting from Holy Angel University. Outside of work, she enjoys reading, with top picks including Simon Sinek’s “Start with Why” and “The Power of Influence.”
Ready for Scrubbed to help?
Want to learn more? Let’s discuss how we can help by managing your day-to-day accounting needs or taking on a larger financial management role, so you can continue to focus on expanding your reach and meeting the needs of your audience.
Ready for Scrubbed to help?
Want to learn more? Let’s discuss how we can help by managing your day-to-day accounting needs or taking on a larger financial management role, so you can continue to focus on expanding your reach and meeting the needs of your audience.