As an owner/operator of an ECE school, you may find the one thing you constantly don’t have, is time.

Sound, about right? You’ve created a warm, welcoming, and safe environment for your staff and families. You’ve provided your staff with course materials and guidance to help them grow in their career and fully understand your business. On top of all that, you’re constantly making sure the day-to-day operation of your school(s) runs as smoothly as possible. What’s left?

Finances

In addition to everything else our members manage daily, finances can be a daunting task. Many of us, even with a financial mind, do not have time or, sometimes, the experience to know if your profit and loss numbers on your balance sheet are where they should be.

Making a profit in the ECE industry is similar to a when the flight attendant tells you to “put your oxygen mask on first.” Just like you would be no help to other people on the plane with no oxygen, you can’t help others in the ECE industry if you’re out of business due to lack of profit. So, let’s get you that oxygen. With decades of experience in the ECE industry, our Financial Experts review your financial statements monthly and provide a list of areas in need of improvement and recommendations on how to increase revenue. Our Financial Experts will also…

• Review your chart of accounts and propose necessary changes.
• Calculate your Key Performance Indicators (KPIs) and establish goals for each KPI.

1. Childcare occupancy %
2. Revenue per child
3. Operating profit
4. Labor ratios

• Compare your financial information and KPIs to other Child Care Centers and provide a summary report.
• Review your statement of cash flows to assist in managing cash flow.

Furthermore, with all of the tax considerations, corporate structure options, and most recently taking advantage of incentives and stimulus like the Cares Act, an extension of your financial team is almost a must to truly stay ahead.

*There is an additional fee for this solution.