Daycare.com Forum

Go Back   Daycare.com Forum > Main Category > Daycare Center and Family Home Forum

Daycare Center and Family Home Forum Daycare Center and Family Home owners, Directors, Operators and Assistants should post and ask questions here.

Reply
 
Thread Tools Display Modes
  #1  
Old 12-12-2010, 10:47 AM
SunflowerMama's Avatar
SunflowerMama SunflowerMama is offline
Advanced Daycare.com Member
 
Join Date: Mar 2010
Location: Texas
Posts: 1,113
Default Payment Collection Question - WWYD?

I have a quick question about collecting payment over the holidays.

My only paid vacation during the year is the week after Christmas.

So my last day open before the holidays is Thursday the 23rd. I re-open on Monday the 3rd.

Payments are due every Friday for the following week. So on the 23rd families will pay for the week after Christmas that I will be closed.

Then the next payment would be due on the 31st for the 1st week of January but I am closed that whole week.

Should I....

1) Ask for the payment due on the 31st to be paid on the 23rd since I will be closed on the 31st. (I just think 2 weeks at once would be hard for some of my families)

2) Ask parents to drop off payment on the 31st even though I will be closed that day.

3) Give them the option of #1 or #2

4) Allow them to just pay for that 1st week of Jan on the 3rd when everyone is back. And then they would turn around and have another payment 4 days later.

Any advice would be great! I'd love to send out an email this weekend with my reminder about holiday dates and payment dates.
Reply With Quote
  #2  
Old 12-12-2010, 10:50 AM
marniewon's Avatar
marniewon marniewon is offline
Daycare.com Member
 
Join Date: Aug 2010
Location: Michigan
Posts: 895
Default

I think I would give the families a choice of all that you mentioned. Let them decide what would work best for them, unless you need the money on a certain date.

Actually, what I would probably do, now that I think about it, ask them to write a post-dated check for the 31st and give it to you with their 23rd payment.
Reply With Quote
  #3  
Old 12-12-2010, 10:53 AM
KEG123's Avatar
KEG123 KEG123 is offline
Where Children Grow
 
Join Date: Nov 2010
Location: Illinois
Posts: 1,254
Default

Quote:
Originally Posted by marniewon View Post
I think I would give the families a choice of all that you mentioned. Let them decide what would work best for them, unless you need the money on a certain date.

Actually, what I would probably do, now that I think about it, ask them to write a post-dated check for the 31st and give it to you with their 23rd payment.
I was thinking what you were thinking at first, but I really like the second idea you came up with.
Reply With Quote
  #4  
Old 12-12-2010, 10:53 AM
SunflowerMama's Avatar
SunflowerMama SunflowerMama is offline
Advanced Daycare.com Member
 
Join Date: Mar 2010
Location: Texas
Posts: 1,113
Default

The post-dated checks are a very good idea.
Reply With Quote
  #5  
Old 12-12-2010, 11:07 AM
nannyde's Avatar
nannyde nannyde is offline
All powerful, all knowing daycare whisperer
 
Join Date: Mar 2010
Location: Des Moines
Posts: 7,233
Default

Quote:
Originally Posted by SunflowerMama View Post
I have a quick question about collecting payment over the holidays.

My only paid vacation during the year is the week after Christmas.

So my last day open before the holidays is Thursday the 23rd. I re-open on Monday the 3rd.

Payments are due every Friday for the following week. So on the 23rd families will pay for the week after Christmas that I will be closed.

Then the next payment would be due on the 31st for the 1st week of January but I am closed that whole week.

Should I....

1) Ask for the payment due on the 31st to be paid on the 23rd since I will be closed on the 31st. (I just think 2 weeks at once would be hard for some of my families)

2) Ask parents to drop off payment on the 31st even though I will be closed that day.

3) Give them the option of #1 or #2

4) Allow them to just pay for that 1st week of Jan on the 3rd when everyone is back. And then they would turn around and have another payment 4 days later.

Any advice would be great! I'd love to send out an email this weekend with my reminder about holiday dates and payment dates.
Don't give up one of your days off to collect payments. It can end up being a lot of texting and arranging to get them to get it to you.

Have them give you the post dated checks for any of the paydays you will be off.

Don't let them wait till they return in January to give you the money. It's HARD for people to stay on a budget over Christmas. You could be setting yourself up for a lot of issues at the first of the year. If you can get cash upfront on their last day of attendance. If you have clients that have had any payment issues put their post dated checks in the day you know they get paid... first thing in the morning.
Reply With Quote
  #6  
Old 12-12-2010, 12:10 PM
Blackcat31's Avatar
Blackcat31 Blackcat31 is offline
 
Join Date: Oct 2010
Posts: 16,628
Default

I have the same situation and I have those that write checks give me a post dated check for the day payment is due and for those who pay cash; they have to have the payment IN FULL at drop off the next open business day. NO CASH...NO SERVICES.
Reply With Quote
  #7  
Old 12-12-2010, 01:14 PM
Mom&Provider's Avatar
Mom&Provider Mom&Provider is offline
Daycare.com Member
 
Join Date: Dec 2010
Posts: 378
Default

Giving a choice seems best...that way they decide if they want/can afford the double payment or not in the same week or they could post date, which also makes alot of sense!
Reply With Quote
Reply

Tags
payment, payment collection, wwyd

Thread Tools
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Question About Payment When Parents Are Separated.... MARSTELAC Daycare Center and Family Home Forum 2 11-02-2010 07:02 AM
Payment Question Unregistered Parents and Guardians Forum 6 07-21-2010 11:56 AM
WWYD - Pricing B & A School Question momofboys Daycare Center and Family Home Forum 10 06-13-2010 06:23 PM
How Do You Ask For Payment? SunflowerMama Daycare Center and Family Home Forum 20 04-26-2010 07:49 AM
Question of Payment Unregistered Parents and Guardians Forum 1 01-09-2008 09:51 PM


All times are GMT -7. The time now is 04:44 AM.



Daycare.com         Find A Daycare         List Your Daycare         Toys & Products                 About Us

Daycare.com
Please read our Disclaimer before continuing.

Topics pertain mainly to the following States:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming