EZChildTrack’s online billing feature streamlines your billing and invoicing activities through automation and electronic communication. Performing all the necessary accounting and financial functions for accounts receivable using a manual process takes hours every week that you could be spending on curriculum planning and business growth.
Welcome to a taste of our ebook “10 Ways Childcare Management Software Can Improve your After School Program.”
How many hours do you spend each month on billing and payment processing? If you still perform a largely manual process, you are spending time that is better used operating and marketing your business.
Cash flow management can be a challenge for any small business. If you are still performing your billing tasks manually, you are spending quite a few hours each month printing and distributing invoices then handling payment as it comes in.
Even though Tax Day comes three days later than usual, it still strikes tension, if not fear, into the heart of every self-employed person in the United States, including those who operate a daycare business.
A budget is essential for running a profitable childcare center, and the need for budget tracking is one of the many compelling recommendations for using childcare management software. But how much does it cost for childcare software? It depends on your needs.
One of the most time-consuming tasks in a childcare facility is managing the money. Childcare is more like a subscription than a purchase, meaning you must send out weekly or monthly bills, receive and process payment, take care of refunds, and pay taxes.
Online childcare payments provide benefits to both parents and your business, improving your relationships while saving everyone time and money. Perhaps you have already received requests for online payment from your clients, and you are in the process of determining the benefits and value to your childcare facility.
One of the hardest parts of starting any business is setting your prices. Even if you have worked in childcare or enrolled your child in a childcare facility, the prices you remember may not be valid for your particular facility. There are several factors that go into calculating the right price as well as ways to get an idea what the market finds acceptable.
Late tuition payments can cause your cash flow to stutter. They also take time to administer. You and your staff must take the time to ensure all payments have been made and remind parents who have not caught up on their bill.