Over the years believe me I have heard and seen it all. Well maybe not everything, but a lot. When it comes to being a Family Child Care provider you would not believe how difficult it can be to get paid on time. So today I thought I would talk to you about strategies for how to get paid on time every week.
If you are new to child care you might think, “what’s the big deal, as long you get paid right?”. Well not knowing when you will get paid can cause real problems. It can cause accounting issues, deficits and inability to pay bills or pay your assistant. Keep reading for some easy solutions to how to get paid on time.
It might come as a total surprise to you but for many parents it seems to completely escape them that your child care is your source of income. This may become evident at the first meeting where a parent will be taken aback by your rates. Or you might see it on a weekly basis when they routinely forget to submit payment.
In either case, it is in your best interest to have and enforce your tuition payment policies. This can be an area where the provider may feel uncomfortable. It can feel intimidating approaching a parent about making timely payments or late payments.