Monthly Archives: Settembre 2021

Dollars, Sense, and Childcare: The Importance of Daycare Profit Margin

In other words, you need to make at least $87,500 in sales per month to turn a profit. The Influence of Technology on Daycare Business By emphasizing a comprehensive, nature-centered approach, the daycare can foster community partnerships and cultivate a loyal customer base that appreciates the unique educational offerings. For many working parents with young…

Completed Contract Method Explained

Note that this change is done on a “cut-off basis,” meaning that the new method of recognizing revenue and expenses only applies to transactions on or after the reported date of the change. The revenue recognition standards that ASC 606 introduced changed the equation slightly for contractors reporting under U.S. This is because instead of…