Similarly, as the cost of center-based infant care as a percent of median family income increases by one percentage point, the LFPR of women with children under 6 falls by 1.3 percentage points. With child care management software, your facility can send parents notifications about their child throughout the day via native mobile apps or text messaging. Generally, staff in a daycare or preschool facility handles both administrative and physical child care duties.

Simultaneously, stay on top of accounts payable by promptly paying suppliers and service providers to maintain positive business relationships. You don’t want to wait until the end of the year to find out that there are errors in your transactions. At the end of each month, compare your transactions, both revenue and expenses, with your accounting information or software. This will help you identify any clerical errors that might’ve been made during bookkeeping.

Stay on track

Turn numbers into information that can help your daycare business grow. With a treasure trove of accounting reports, you can see where your business stands within the dashboard, and you’ll have your business taxes basically done before tax time comes around. Automate child care billing to record tuition charges, supply and activity fees, sibling discounts and co-payments and family discounts in seconds.

These solutions are typically priced on a monthly or an annual subscription basis. They require low or no upfront investment, and vendors handle system maintenance and updates. This option is often best for small and midsize businesses that may not have the resources to invest in and manage an on-premise system. Every day that we come into work, we take pride in the part we play in helping our neighbors succeed.

Why Choose Better Bookkeepers

When the day is over you can generate an invoice with just a few simple clicks, or create the invoice at the end of the week with the total time of each day. Talk with a friendly Procare expert to get a tailored child care solution for the unique needs of your business. Automate billing and manage your program’s finances—all from brightwheel. Ultimately, creating a separate financial daycare bookkeeping account will lessen your chances of accidentally keeping or reporting wrong business records. Having a file box for the children’s forms, a shoe box for
receipts, and a folder for the food program forms means these items
could wind up being scattered about. If when shopping, you buy items both for your daycare and your own
household, make sure it is clear on the receipt.