Financial Planning and Best Practice
Why is this important?
Financial planning allows you to ensure your organisation has sufficient funds to cover its obligations, to plan, and to maintain reporting compliance. Best practice helps you ensure fees are paid.
Description
This section contains resources and guides about various financial matters to help providers better understand their finances and how to chase unpaid fees.
Supports
Financial planning. Sustainability.
Note: Resources open in a new tab
5 numbers to help track your nursery’s finances
Blog with useful guidance about important numbers to track in nursery finances (with relevance to all childcare providers)
from Famly
How To Guides
Step by Step Guide on practical financial matters including keeping on top of numbers, finding an accountant, and when to register for VAT or as self-employed
from Small Business Britain
Profit and loss statements
An introduction to Profit and Loss Statements
from NatWest Business Builder
Basics of bookkeeping
Basics of Bookkeeping
from NatWest Business Builder
Cash Flow Forecast template
Cash flow – information and template
from Start Up Loans
Provider Business Planning Support
Finances for childcare – bite sized videos
from Childcare Works
Digital banking: Choosing the right bank account for your business
Choosing the right bank account for your business
from FSB
Make a court claim for money: What a court claim is
Make a court claim for money
from GOV.UK
Finance
An overview of financial best practice for nurseries
from PACEY
Financial planning and funding sources
Financial Planning and funding sources for Early Years
from Early years alliance
FREE: Effective Financial Planning and Management – online course
Financial planning for nursery owners – free course
from NDNA
