Introduction:
In 2021, Netflix decided to produce “A Naija Christmas,” a Christmas movie directed by the award-winning Kunle Afolayan. The film was set in Nigeria, and as such, Netflix needed a reliable accounting firm that understands the complexities of film production accounting. Netflix reached out to Pillarcraft Accounting and provided an outsourced accounting service for all the production stages of “A Naija Christmas.”
Background:
Pillarcraft Accounting is an outsourced accounting firm that provides SMEs in Nigeria with complete outsourced accounting services, including bookkeeping, payroll, tax compliance, and CFO services. The firm has built a reputation for being a specialist in various sectors, such as film production, agriculture, and real estate.
Services Provided:
Pillarcraft Accounting provided Netflix with a comprehensive range of accounting services for “A Naija Christmas” production. The services included bookkeeping, payroll, tax compliance, and CFO services. The firm was responsible for ensuring that all financial transactions related to the film production were properly recorded and reported.
Benefits:
Netflix was able to focus on the production aspects of the film, while Pillarcraft Accounting took care of the financial and accounting aspects of the film production. This allowed Netflix to produce the film on time and within budget. Additionally, Pillarcraft Accounting’s expertise in film production accounting helped Netflix to navigate the complex financial landscape of film production in Nigeria.
Unique Value Proposition:
Pillarcraft Accounting’s CEO, Bayode Agbi FCA, made an acting debut in the film by starring as the Cable Boss. This added a unique value proposition to the partnership as it allowed Netflix to tap into the CEO’s acting talent while providing the firm with a platform to showcase its expertise in film production accounting.
Conclusion:
The partnership between Netflix and Pillarcraft Accounting was successful, as the film was produced on time and within budget. The partnership was a great example of how an outsourced accounting firm can provide valuable services to a film production company, allowing it to focus on production.
