Childcare centre bookkeeping: why you need a bookkeeper in Melbourne

February 21, 2018

Childcare is a booming industry in Australia. Thanks to climbing birth rates and the prevalence of both parents in the workforce, there has been steady growth in childcare services nationwide the last couple of years.

So it’s no surprise that new kindergartens, daycare centres, and other facilities are popping up left and right!

While centred on taking care of children in the one of the most crucial stages of their lives, a child care institution runs like any other business. And like any other business, accurate bookkeeping is crucial.

If you run a childcare or kindergarten or any early learning program, there are several bookkeeping services that you may need help with.

This is where Maximum Business Solutions comes in. We’re a bookkeeper in Melbourne providing a broad range of bookkeeping services across Bayside and Melbourne for businesses of all stripes.

Find out how our team of talented bookies can keep your childcare facility going… and growing.

Account management

Busy businesses make for busy owners.

While the surge in demand for childcare is a good thing for childcare operators, it also comes with its own set of unique problems.

Simply put, it means you might find yourself spending more time looking after your finances instead of looking after your kids!

With the growing demand for childcare, those running early learning institutions might find themselves overwhelmed by mounting bookkeeping tasks.

At Maximum Business Solutions, we offer comprehensive account management services.

We’ll help facilitate and maintain up-to-date accounts as well as the accurate financial data and information you need to make the right calls. That way, you can get back to running your childcare.

Our account management services include the following:

  • Receipts
  • Payroll
  • Budgeting
  • Revenue
  • Assisting with audit preparation
  • Debt collection

Account clean up

As a childcare operator, you probably spend a lot of your time cleaning up children’s messes. But have you thought about your own (bookkeeping) mess?

Not everybody is a trained bookie. If you’ve been looking after the finances of your kindergarten all on your own, your finances could be just as messy!

Like in any other business, childcare centres and kindergartens aren’t immune to financial messes.

  • A mountain of receipts
  • Uncategorised expenses
  • Delayed reports
  • Inaccurate lodgements

It can indeed be difficult to see where your business’s finances stand.

The longer you leave a mess, the worse it becomes! What might have started off as a handful of receipts can quickly snowball into a mountain of papers – you mightn’t even remember what most of them are for!

At this point, it might be a good idea to call a bookkeeper.

When you talk to Maximum Business Solutions, you can be confident we’ll clean your accounts up… and keep them that way! Call our expert Melbourne bookkeepers today on (03) 9589 0128 or let’s catch up over coffee.

Process implementation

Your time is precious. We’re firm believers in taking steps to maximise your time and maximise your accounts!

As demand for childcare continues to rise, your centre might experience unprecedented growth. If you simply can’t deal with the sheer volume of numbers coming in, it might be time to take a look at your bookkeeping practices.

Whether it’s streamlining existing processes or implementing efficient new processes, it’s important to look into the what works and what doesn’t. Here’s how we work:

  • We identify areas that need to be improved and refined in order for you to maximise your business’ potential
  • After the assessment, we plan and create a realistic solution that fits your business’s requirement
  • With strategies and plans in motion, it’s time to put these into practice!

After successful planning and implementation, you’ll have efficient systems that enable you to manage on your own. However, we’re always just a phone call away should you need or (or if you decide you want us to manage it all).

Read more about our process implementation strategy .

Xero partner and training

In additional to our bookkeeping services, we also believe in empowering you and making your bookkeeping as seamless as possible.

We’re all about giving you full control over your bookkeeping. That’s why Maximum Business Solutions works with Xero, one of the most comprehensive cloud-based bookkeeping systems around.

Xero is an automated system that updates in real-time. All your accounts and transactions are recorded as they come in, eliminating messes and the risk of human error.

As Xero is cloud-based, you can access invoices, receipts, and other transactions anytime you need – from any device.

As well as using Xero for your bookkeeping requirements, we also make sure that you and your staff have ample knowledge about the system. Through our comprehensive Xero training, you will learn the ins and outs of this fantastic cloud-based software.

Find out more about the benefits of cloud bookkeeping for your business.

Bookkeeping for children

Searching for a bookkeeping solution in Melbourne?

Contact Maximum Business Solutions’ qualified team of bookkeepers

As a childcare operator, you and your staff are essentially a second set of parents to the children in your care. As such, your hands are going to be full… and not just with taking care of the kids.

If you are in need of bookkeeping assistance for your childcare centre, family day care centre, or kindergarten, there’s one name you can trust: Maximum Business Solutions.

We are a Beaumaris-based team of bookkeeping experts that offer bookkeeping services to businesses all shapes and sizes across Melbourne. If you’re drowning under mountains of paperwork, Maximum Business Solutions can help!

We’d be more than happy to chat with you – give us a call on (03) 9589 0128 today or “let’s catch up over a coffee “!

You can also visit us for bookkeeping service in Melbourne: pop into our office at 13 North Concourse, Beaumaris 3193.