An account that lists or tracks (with amounts) people that owe your child care business money. This most often will be parents that owe tuition payments.
TIP: Accounts Receivables – overdue parent tuition payments can lead to financial problems for a child care business. It is very important that your child care business has adequate systems in place to prevent parents from getting behind on tuition payments. Continuing to provide child care services for parents that are not paying often results in a lack of cash flow to fund business operations, and increases the chances of possibly not being able to collect funds due.« Back to Glossary Index