Dance Studio monthly financial report
A dance studio report should keep costume and recital money apart from tuition. It passes through the studio and inflates the balance for months.
The six numbers for a dance studio
| Number | How to work it out | What it warns you about |
|---|---|---|
| Students enrolled | From your studio software | Tuition follows enrollment |
| Tuition collected against billed | Collected ÷ billed | Failed drafts and late families |
| Teacher pay, share of revenue | Teacher pay ÷ tuition | Classes running below full |
| Costume and recital money held | Fees collected, not yet paid out | Pass-through cash that is not yours |
| Rent, share of revenue | Rent ÷ revenue | Space you pay for in empty hours |
| Weeks of costs in the bank | Cash ÷ weekly costs | Room for the summer dip |
Use these six in place of the general ones on the template's Report tab.
What to watch in a dance studio
- Costume fees collected against orders still to pay
- Summer enrollment against last year
- Families behind on tuition drafts
Not sure how much cash you should hold? Use the dance studio cash calculator.
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