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Opting-In to Pay Parity Funding. Some service may opt-out and then lose their teachers to other services that have opted in. Others opting-in to pay
Retention of Records: Paperwork and what’s Required to be Kept by the Ministry and Various Agencies, including IRD and the Charities Commission. Issues of safety, privacy, and storage. Early childhood service reports and records should always be kept in a […]
Financial Improvement of ECE Services Following Covid-19 Lockdowns. On this page you can find out what centres and home-based services are doing in respect of: fees,staffing,ways that they are cutting back on spending (or not),marketing approaches and new markets being […]
20-Hours ECE Changes. When a service is closed for statutory holidays and is not providing care for children it does not receive funding. Unfortunately this can mean a loss of income for a service, which is difficult especially when there […]
Late Fee. Should you charge a late fee for late collection of children? Or charge the parents of children who arrive early? Some early childhood services ‘fine’ parents to try to deter them from leaving their child outside of hours that […]
Preparing for a Funding Claim Audit. Purpose The general purpose of a visiting audit from the Ministry of Education is to: Verify that the service is claiming and receiving the correct amount of MoE funding,Verify that a service is meeting […]
Accounting and Financial Terms Explained for ECE Service Providers. Accounts Receivable or Accounts Payable: See “Ledger” below. Accounting Reports: See definitions below for each of: Balance Sheet – same as Statement of Financial PositionCash flow reportFlow of Funds Income and Expenditure […]
Early Childhood Service Internal Financial Control Systems. By Bevin Fitzsimons. Why internal control? Internal control systems are normal in business and society and will be expected of you by your staff, fellow owners, parents, board members, bankers and financiers.They help […]
Managing arrears in fees can be a headache for service providers, and especially when parents are on the WINZ subsidy. Several centre and home-based service providers have mentioned a problem they have when parents who are receiving a WINZ subsidy […]
Parents Wishing to Bargain Over Childcare Fees. Do you find some parents who are used to bargaining in their own countries are less accepting of price increases and accepting set prices? Are you cautious when increasing fees or other charges […]
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