Accounts Receivable

If your daycare allows families to pay for child care after you've rendered the service, managing your accounts receivable will be one of your business' top priorities. Diligent and accurate accounting of accounts receivable ensures your daycare collects payments owed and receives the necessary cash to cover expenses.

Accounts receivable software can automatically track and analyze your clients' debt and provide tools to aide you in collecting such as generating cash receipts, invoices, and credit memos.

At the very least, an accounts receivable software should track amounts owed, the age of the debts, and incoming payments.