We’re confident Xero needs no introduction, but just in case you’ve been living under a rock for the past few years, Xero is the fastest evolving cloud-based accounting software in Australia; connecting people with the right numbers anytime, on any device, anywhere in the world. Xero Gold Champion Partner status
Welcome to Early Learning Management’s A-Z of childcare and childcare management.
Single Touch Payroll is a change in the way employers report their PAYG and super information to the ATO. Employers with 20 or more employees will now be required to report PAYG and super after payroll has been processed, rather than previously reporting monthly or quarterly. In addition to PAYG,
Many childcare business owners do not understand the importance of the break-even point and how it is calculated. While breaking even might not seem like much of a business goal, it’s an essential reference for the financial success of the business. Your break-even points provide vital benchmarks in long-term planning.
From 1 January 2020, providers of long day care services & preschools/kindergartens will need to have a second early childhood teacher or, alternatively, a ‘suitably qualified person’ in attendance when 60 or more children preschool age or under are being educated & cared for. Services located in NSW are unaffected
Fiscus Business Intelligence “Fiscus, from which comes the English term fiscal, was the name of the personal chest of the emperors of Rome. The word is literally translated as “basket” or “purse” & was used to describe those forms of revenue collected from the provinces, which were then granted to
Be Clear on Decision Making! The Early Learning Management Team has been developing high quality, scalable financial childcare centric models for clients. We now have a cost-effective premium financial modelling service, at more affordable prices than other consultants charge to build static, non-best practice financial models. We have been working
The Finance Team is delighted to announce our new Team member Jenna Dawes. Jenna has extensive knowledge in the fields of accounting & experience implementing new accounting packages/processes into growing businesses. Jenna has over nine years’ experience in financial-based roles & 5.5 years’ experience in an office managerial role which
Financial forecasting is one of the important aspects of starting a childcare centre. It involves projecting the financial impact of trends & changes in a childcare centre’s operations. A critical step in the forecasting process is developing a start-up budget. Setting a budget helps you estimate your income & expenditures
Money is the lifeline of your childcare business. The money coming in & going out of your accounts makes or breaks your business. The most effective way to manage your finances is to set a budget & monitor how closely you are able to stick to it. Underst&ing the financial
Financial forecasting is critical to a business’ success. It enables business owners to minimise risks & make sound decisions in anticipation of unforeseen circumstances. By looking at internal & external historical data, businesses can make assumptions on the challenges or opportunities that they will need to prepare for. Financial forecasting,
Nobody knows what the future holds. One minute there’s a growing trend of children enrolling at your centre; the next minute, there’s a change in the economic climate forcing you to cut down on expenses. Childcare centre owners have to find a way to make good decisions based both on