Accounting Services for Daycares

After graduating from KU in 2009 with an accounting degree, Dowell earned her master’s in accounting from the University of Arizona and started her career in Kansas City at CBIZ’s tax department. The position offered her many professional opportunities, but when she started thinking about her future two years ago, she wasn’t sure she wanted to stay in accounting. Four years ago, alumna Meagan Dowell never thought she would open her own business.

Our new business advisor services are designed to help businesses owners minimize tax liability, establish the right accounting system, and avoid costly mistakes. Heyward CPA offers full payroll outsourcing services to medical practices and healthcare-related businesses. Establishing how much to charge their customers is probably one of the most complex tasks preschool owners have to go through. Although ideally, one naturally wants to charge high but is unsure if their customers will be comfortable with those rates. Anyhow, the rates have to be set at a level that helps the owners recover from all their operating expenses, pay the salaries of their employees, and earn enough themselves to make their hard work worthwhile. With ATS Accounting & Tax Edmonton you will have access to a talented team of experts with several years of experience in providing accounting services in a wide range of industries.

It’s quick and easy to get started

Running a fast-paced daycare business leaves little time for managing your books. Before you get behind on organizing and maintaining your financial records, contact The Simple Solution Organization. We’re a trusted Florida CPA firm with staff dedicated to providing accounting and tax services to child care businesses.

• Even though this decision is ultimately yours, it’s important to have this discussion with a daycare accountant so that you can afford your monthly expenses and earn a stable profit.
• Additionally, our team can provide you with forecasts so that you can plan ahead to prepare and meet future challenges.
• Heyward CPA offers full payroll outsourcing services to medical practices and healthcare-related businesses.
• After graduating from KU in 2009 with an accounting degree, Dowell earned her master’s in accounting from the University of Arizona and started her career in Kansas City at CBIZ’s tax department.
• The attachment must specify the number of trainees who received funds for childcare costs in the (prior) reporting period.
• Our high service quality and “raving fan” clients are the result of our commitment to excellence.

Record business expenses in KidKare to help you with your tax deductions each year. As Dowell researched the industry, she reconnected with a few former colleagues who had started their own business. For more information on the average small business loan rates, please read here.

Reports

Get a full understanding of your company finances and make profitable business decisions based on revenue flow. Maintain a record of your vendors, payment terms and standard expense categories like classroom supplies, maintenance, utilities and rent. Then establish a budget, enter beginning balances, select a fiscal year and reconcile your checkbook. Procare’s daycare bookkeeping software even allows you to make journal entries for expenses like bank fees or track credit card purchases. Automate child care billing to record tuition charges, supply and activity fees, sibling discounts and co-payments and family discounts in seconds.

Running a daycare center is challenging enough on its own for you to have to worry about managing your expenses, which, as you may have already figured, is not as simple as one may think. You probably think of managing your accounts to be something like receiving and giving away cash, and yes, daycare accounting things do work that way too, but that does not mean that there aren’t other options available. Every state has their own tax rates, insurance rates and licensing requirements. They should be noted and discussed with your accountant so that you can avoid any penalties for late payments/default.

Our Clients Reviews

Reach out to one of our child care management professionals, or find us on social media. Understanding your numbers will help you see trends and areas for improvement. For large, multi-center operations, our enterprise level data aggregation provides dashboards and custom reports with consolidated information for a great business overview.

You can quickly and easily enter expenses, mileage, hours and care so that you can claim them as business expenses. The program can also calculate the time/space % for your home, so that you can claim the parts of your home that you use for your business (play area, office area, kitchen, etc.) on your taxes. Manage payments from agencies like DHS, DFACS, DCFS, Head Start and similar programs for subsidized child care programs.