Tutoring Center monthly financial report
A tutoring center report should show prepaid sessions still owed. That cash is not yet earned.
The six numbers for a tutoring center
| Number | How to work it out | What it warns you about |
|---|---|---|
| Sessions taught | From your scheduling software | Revenue you have earned |
| Prepaid sessions still owed | Unearned revenue on the balance sheet | Cash that belongs to future sessions |
| Tutor pay, share of revenue | Tutor pay ÷ revenue | Small groups priced like private sessions |
| Active students | Students with a session this month | Next month's demand |
| Rent, share of revenue | Rent ÷ revenue | Rooms paid for in empty hours |
| Weeks of costs in the bank | Cash ÷ weekly costs | Room for the summer drop |
Use these six in place of the general ones on the template's Report tab.
What to watch in a tutoring center
- Prepaid sessions owed against cash in the bank
- Summer enrollment against last year
- Tutor hours booked against hours paid
Not sure how much cash you should hold? Use the tutoring center cash calculator.
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One Page CFO reads your QuickBooks, builds your 13-week cash forecast and your one-page report, and a CFO checks both. $500 a month.