We specialise in implementing best practice for your childcare business – freeing you up to focus on what you do best in the business… and on your future.
By working with us to implement a streamlined and efficient business solution, you’ll be able to focus on the job at hand –managing staff, admin and compliance – and more time on developing key strategies to grow your business and your future prospects.
How we add value to your business
Target Accounting Service specialises in helping childcare businesses streamline processes, improve efficiencies and maximise business value. Regardless of where you are in your business journey (starting, growing or selling), we will help you build a sustainable and pro table business model, freeing you up to focus on what you do best in the business and on your future.
How we can assist you achieve your business objectives
Target Accounting Service can take control of your bookkeeping requirements and work with you to achieve each step in the process towards maximising your business value.
Step 1 Vison and Objective
The successful business owner understands why they are in business and what their business objective is. You may be in business for various reasons, no doubt you have a passion for childcare and you want a meaningful career; you want to be your own boss with flexible hours; you want financial independence and earn profit from your investment and not merely income from your hours worked. Whatever your reasons for going into business, Target Accounting can assist you develop the strategy plan needed to achieve your business objectives.
Step 2 Streamline administration
Your expertise in childcare is your ‘product’, it’s what generates your revenue. Administrative functions are overheads. We can implement automation and cloud based applications to take care of the time-consuming, non-productive tasks. This saves both the costs of manual entry and the inefficiencies of human error. As far as possible we aim to make your administration a by-product of your production. Delegating the bookkeeping functions means you can ‘work on the business rather in the business’, and you only pay for the services required, creating savings without sacrificing quality.
Step 3 Understand the data
There are a range of financial and non-financial reports available, the key is to use them for management not just compliance. Target Accounting will ensure you capture the right data, and understand what it means, to properly manager and improve your business performance and to make informed decisions in a timely manner. We also conduct accredited Xero courses can train staff, as well as owners who want to gain knowledge of the accounting tools.
Step 4 Maximising business value
To achieve your business objective so you can be rewarded for your risk and effort, you need a Strong Team, Effective Leadership, Policies and Procedures, Innovation and Business Continuity. Target Accounting can develop the structures to bring all this together to allow you to focus on what you do best. Enterprise wide redundancy of key functions ensures the business won’t flounder with the loss of a system of any one person (including the owner, key employees or contractors). At this point the business is sustainable, scalable and valuable. It’s a successful enterprise existing independent from the individual people who work in it.
Not only will you see a reduction in the time you spend on admin, you’ll know where you are with your financials, thanks to a seamless flow of real-time information. You feel more proactive and start to gain the competitive advantage that comes from better engagement with your staff, parents and children. Find out more about our pricing plans for Childcare Management.
Take our free Financial Healthcheck to help identify potential issues and inefficiencies in your childcare business.