The booklet ‘Community based Early Childhood Education, Managing Finances’ is available as a download on the right of this page.
The booklet has information to help you manage your community based early childhood service’s financial and taxation obligations, to make sure your finances are managed in a safe and transparent way.
Keeping up with all the complex financial obligations associated with preparing financial accounts, payment of wages, GST and other tax matters can seem daunting. This booklet outlines what it means to manage the finances of your service.
We recommend you read this booklet alongside ‘Community based Early Childhood Education Governing and Managing’ and the ‘Early childhood education funding handbook’.
Services licensed prior to 1 December 2008 can operate under the 1998 Regulations for 6 years to 30 November 2014. These services must apply to be re-licensed after 1 December 2008 and operate under the 2008 Regulations.
This booklet has 5 sections about managing your service’s finances and there are a variety of example forms throughout the book to guide you, which can be adapted for your service. A chartered accountant or financial advisor can help provide you with ongoing information and support.
- Preparing an annual budget
- Monthly reporting
- Annual reporting
- The Audit
- Taxation and the Inland Revenue Department.