Novack CPA

Novack CPA is a Toronto-based accounting and financial services firm specializing in comprehensive film and television production accounting tailored to Canada’s media landscape. Whether you’re managing an indie short, a feature-length project, or a larger episodic series, Novack CPA provides the financial expertise production teams need to stay on budget, compliant with funding requirements, and focused on creative execution.

Productions face unique financial challenges: shifting schedules, complex payrolls, evolving expenses, and stringent reporting demands from funding bodies like Canada Media Fund (CMF), Telefilm Canada, and major broadcasters. Novack CPA ensures that your production finances are not only well-organized but also aligned with the reporting standards required for funding, distribution, and audit purposes.

Production Accounting You Can Trust

Novack CPA delivers a full suite of production accounting services designed specifically for film and television. Their team understands the industry’s financial rhythms and the importance of detailed, accurate accounting throughout every stage of production.

Bookkeeping & Financial Reporting
Novack CPA maintains accurate, up-to-date financial records across your project’s lifecycle — from pre-production to wrap. They prepare monthly, quarterly, and annual financial statements that give producers, executive producers, and financiers crystal clarity on where every dollar is going.

Budget Management & Variance Analysis
Effective budgeting is essential for every production. Novack CPA helps you construct realistic production budgets and track actual costs against forecasts. When numbers deviate, they perform variance analysis to help you understand why and how to adjust forecasts or spending safely and strategically.

Accounts Payable & Receivable
Managing invoices and payments can quickly become overwhelming on a busy shoot. Novack CPA handles both sides of the ledger, ensuring vendors are paid on time and receivables are reconciled efficiently — giving you one less administrative burden during a demanding production schedule.

Payroll Processing for Cast & Crew
Payroll in the entertainment sector often involves union rules, tax complexities, and variable pay scales. Novack CPA simplifies payroll processing for cast and crew, ensuring compliance with Canadian tax law and labour regulations — no surprises come tax season.

Funding Agency Reporting

A significant value of Novack CPA lies in their experience with Canadian funding agencies. Funding bodies such as CMF, Telefilm Canada, Bell Fund, and others have specific reporting requirements attached to their contributions. Novack CPA prepares and submits financial reports that satisfy these requirements, helping productions secure, maintain, and close out funding with confidence and professionalism.

Why Filmmakers & Producers Partner with Novack CPA

Industry-specific expertise: Film and TV accounting isn’t generic bookkeeping — it requires knowledge of funding, union rules, and production workflows.

Clear financial documentation: Accurate reports, statements, and reconciliations you can trust from day one.

Funding compliance: Expert support preparing reports that meet stringent funder standards.

End-to-end bookkeeping and payroll: From daily expense tracking to end-of-project financials.

Strategic budget insights: Variance analysis and budget controls that help you make smarter financial decisions mid-shoot.