The Creative Studio Financial Problem
Project revenue across entities
Your production entity bills the client. Your equipment entity owns the gear. Your holding company owns both. In QuickBooks, this is three separate subscriptions and three separate spreadsheets to reconcile at tax time.
Intercompany equipment fees
Your equipment LLC charges your production LLC for gear rental. This intercompany transaction needs to appear on both ledgers — and needs to be eliminated when you consolidate. Most studios handle this in Excel. You shouldn’t have to.
Project-level profitability
You need to know: did that 12-day commercial shoot actually make money across all the entity boundaries involved? FIRMA gives you project-level P&L with intercompany costs properly allocated.
FIRMA for Creative Studios
Entity-level books for every entity
Production company, talent management LLC, licensing entity, holding company — each gets its own complete double-entry ledger in one dashboard.
Equipment and resource intercompany
Track equipment rental charges between entities. Post both sides. Include in consolidated financials with proper elimination.
Creative revenue recognition
Handle licensing revenue, royalties, advance payments, and milestone billing — with entity-appropriate accounting treatment for each revenue stream.
Works alongside HoneyBook / 17hats
FIRMA is your GL and financial reporting layer. Keep using your CRM workflow tools — FIRMA handles the books those tools can’t.
FIRMA vs HoneyBook and 17hats
They handle the workflow. FIRMA handles the books. Both are necessary.