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-   -   Time-Space question after closing daycare? (https://www.daycare.com/forum/showthread.php?t=85564)

Darling 02-26-2017 06:03 PM

Time-Space question after closing daycare?
 
In 2016 we were in business through the end of July. How does this effect our time-space percentage? The Tom Copeland book gives the equation as total hours worked through the year, but if hours worked stopped in July, shouldn't the ratio adjust for that? If we were a 30% TS% for the months in business, we would just apply that to expenses accrued through the end of July correct?

TomCopeland 02-27-2017 10:30 AM

time-space %
 
Quote:

Originally Posted by Darling (Post 625856)
In 2016 we were in business through the end of July. How does this effect our time-space percentage? The Tom Copeland book gives the equation as total hours worked through the year, but if hours worked stopped in July, shouldn't the ratio adjust for that? If we were a 30% TS% for the months in business, we would just apply that to expenses accrued through the end of July correct?

Calculate your time-space % based on the number of hours from January - end of July. If that is 30%, then use 30% of the household expenses for the first 7 months of the year.

Darling 02-28-2017 12:09 AM

Thank you Tom. Now, I wish Minute Menu would let you adjust that. We will have to manually calculate each section now.


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