What are Fringes?
In the world of film production budgeting, fringes refer to additional costs or benefits added to employee wages. This can include common overheads like taxes and insurance, often termed as "non-union fringes." On the other hand, union fringes pertain to additional costs and benefits associated with union work, like union pensions and health benefits. Essentially, fringes help in ensuring that you account for all the expenses associated with hiring a crew member beyond just their base pay.
How to Add and Manage Fringes in Saturation:
Accessing the Fringe Table:
Navigate to the Fringe table located on the left menu.
Alternatively, hover over the top of the fringes column in your budget. Click on the button that appears to be directed to the fringes setup table.
Setting Up Fringes:
Name: Add a shorthand or abbreviation for the fringe.
Description: Provide a detailed descriptor of what the fringe covers.
Rate: Define how much the fringe costs.
Unit: Specify if the fringe value is a percentage (%) or a flat figure ($/€/£ etc.).
Cut Off: Indicate the point where the fringe calculation stops. Some fringes might only apply up to a certain amount per annum.
Color: Choose a color for easy identification of your fringe within the budget.
Adding Fringes to Your Budget:
Within your budget, navigate to the fringes column.
Start typing the fringe name (e.g., "DGA"). A dropdown will appear, showing available fringes. Select the desired fringe to add it to that line item. Remember, multiple fringes can be selected for a single line.
All selected fringes get summed up at the bottom of the table, providing a clear view of the total fringe costs.
When to Use Fringes in Saturation:
Fringes become invaluable especially when:
Processing payroll.
Handling taxes and VAT.
Working with unions and accounting for their associated costs.
By efficiently managing and applying fringes, users can ensure that their budget is comprehensive, transparent, and in alignment with industry standards.
Note: Customization is at the heart of Saturation's Fringe system. Users are encouraged to tailor the fringes as per their specific requirements, ensuring every production cost is captured accurately.
🔗 Related Articles: [Setting up your budget in Saturation], [Understanding payroll calculations], [Working with unions in Saturation]
Remember, fringes are not just a minor detail; they are essential in ensuring you get the full picture of your project's financial needs. Utilize Saturation's intuitive fringe system and ensure every penny is accounted for.