Originally Posted by daycare:
how are you billing your clients?
example. I require payment if your child is in care or not. My contracts states:
your payment is due every friday in advance and will be deposited when received. Your payment is securing your child's spot, NOT based on the time that it is used.
Checks will not be held for any reason and must be paid by closing. Should the preschool be closed or owner is out on a payment due date, a new payment due date will be posted.
ALL PAYMENTS MUST BE PAID IN FULL. PARTIAL PAYMENTS WILL NOT BE ACCEPTED. FULL Payments is due regardless if your child is in attendance or not. There will be no day transfers or credits for days your child does not attend due to illness, vacation or otherwise.
Any payment that is not paid in full will be subject to a late fee as follows:
1st late fee $50
2nd late fee $100
3rd late fee $150 and termination of contract without refund.
NO PAY NO STAY: If you fail to make payment, your child will not be able to return , until payment has been made in full. Failing to contact the childcare after 3 days without payment, will result in immediate termination of contract without refund.
I know a lot of us require payment no matter if the child attends or not. It's too hard to forecast a budget otherwise.
Its like renting a house. you can't go on vacation for 3 weeks and turn around, tell your landlord, I was gone for 3 weeks so here is payment for one full week. If you want your spot to come home to, payment is required in full.
Payments are due on Mondays at the time of drop off. My contract states that tuition is based on holding your child's spot and not on attendance. Therefore there is no reduction for illness, vacation, or other reasons. I just thought I was supposed to credit them because it was my child who was sick and my decision to close. One of my parents did complain saying that they had to pay double for me being closed because they had to pay someone else to watch the child while I was closed. So I thought I was being considerate and understanding to their needs.