Importance of Having a Specialized Child Care Accounting Chart of Accounts
A child care business-specific accounting – chart of accounts is crucial for any child care owner to assist with financial management. This comprehensive financial tool…
Category: Financial
The Impact of Unreported Income and Non-Business Expenses on Child Care Business Value
“If You Hide the Money Too Well, Nobody Will Be Able to Find It.” When I started my business brokerage career in 1995, it was…
Effective Strategies to Reduce Labor Costs in Childcare
Optimizing Workforce Efficiency and Reducing Expenses Labor costs constitute a significant portion (often the largest expense) of overall childcare business expenses. Reducing these costs while…
The Why of ChildCareOwner
Earlier this year, I celebrated 29 years in the child care industry. My story and journey are different from most, as I have never worked…
Fair Market Rent How it Affects the Value of Your Child Care Business
Every child care business operates in a facility—a building and land. Some child care owners lease the building and land from a third-party owner. The…
Having QuickBooks Does Not Make You an Accountant
I have always found it curious that the focus on financial management for childcare business owners is learning to use QuickBooks (or any accounting software)…