Financial Management

PURPOSE

Happy Hearts Nursery believes that good financial management practices ensure long term viability of our service.

Viability – ability to survive and work successfully.

Happy Hearts Nursery does financial planning before the beginning of its new financial year.
The plan shows a record of the tentative income and expenditure.
The financial plans also reflect on the financial growth curve of the nursery.
Student fees are clearly documented, and all financial records are maintained in the bank book.
An accounting software (QuickBooks) is used, which helps in generating the Profit Loss statement at the end of each financial year.

Please refer to the following documents to ensure the effective implementation of the policy: