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Understanding Break-Even Break-even is the minimal amount of income/revenue a child care center must earn to cover all expenses without losing money or making money.  Therefore, all income above the break-even point would be profits. To calculate your

What Does a Lender Look For? The 5 C’S of Lending Lenders and investors look not only at the business numbers when making a loan but also take into consideration intangible things. These intangible considerations are often referred

Increasing Cash Flow Successful cash flow management requires managing the money that comes in and flows out of your child care business. The goal is to maintain smooth, consistent cash flow. Large increases in expenses and drops in

Preventive Maintenance – A Cost or a Savings? Preventive maintenance is planned or scheduled maintenance with the goal of preventing breakdowns and failures by keeping things repaired and in good working condition. Preventive maintenance in a child care

How to Choose the Right Accountant for Your Child Care Business Your accountant should be looked at as a valuable member of your professional team.  A qualified accountant can provide you with advice on your accounting system, tax

“If it wasn’t for the “paperwork” running a child care business would be more fun.”  Unfortunately, the IRS says you must keep records as longs as it may be necessary to support the income and deductions you reported