For many years, we have watched childcare business owners struggle with their childcare business’s bookkeeping, accounting, and financial management. Most often, the childcare owner tried to do all or part of the data entry in-house and relied upon an outside accountant to compile and prepare financial statements, tax reporting, and annual filing of their federal and state tax returns. Although some received timely, up-to-date financial statements, most waited weeks or months for their accounting firm to prepare the financial reports they needed to make decisions and manage their business finances. Some of these accountants were able to point out financial things the childcare owner should improve – labor costs, supply costs, declining profits, or limited cash flow. However, the accountant’s lack of childcare business knowledge limited the advice they could offer. So, the childcare owners’ struggle to manage cash flow, budget, and create short-term and long-term plans was an ongoing problem. This led ChildCareOwner.com to develop our full-service childcare Accounting and bookkeeping services.

You can improve profitability, manage cash flow, control unnecessary costs, ensure the accuracy of your records, and make better business decisions. Let the experts at ChildCareOwner.com help you manage your accounting and financial performance.