Managing the bookkeeping for a childcare center can be a time-consuming process. Time that you’d prefer to spend taking care of the children and engaging with parents. This is why we understand the importance of outsourcing your bookkeeping. In this blog, we’ll discuss what’s involved in childcare center bookkeeping and how our bookkeepers can assist your daycare center.
Childcare Center Bookkeeping: What Does It Encompass?
Maintaining the bookkeeping for a daycare center is as crucial as it is for any other business. Childcare centers also have laws and regulations concerning their records. This includes managing personnel salaries, bills you pay, and payments received from customers. For childcare organizations, additional obligations come into play, such as:
- Maintaining a list of everyone working at the childcare center who requires a Certificate of Good Conduct (VOG).
- Copies of all conduct statements (VOG).
- A summary of the composition and size of the parent committee.
- The parent committee’s regulations.
- A monthly overview of the hours consumed per parent at what average hourly rate.
Additionally, several supplementary details are needed for childcare allowance purposes, including:
- The child’s name and date of birth, as well as the parents’ BSN numbers.
- The number of childcare hours taken.
- The average hourly rate for the hours taken.
- The start and end dates of the care.
- Payment methods used by parents.
We Do More Than Childcare Administration
Childcare administration involves much more than financial record-keeping. Our specialists possess industry-specific knowledge of childcare centers. They ensure that administrative tasks are processed within 24 hours. With their expertise in childcare administration, they can offer proactive advice, such as helping you determine whether you can finance new plans. They also stay up-to-date with all laws and regulations, quickly adapting to changes that may impact your daycare center. For any tax-related queries, our services include fiscal and business advice.
Your Daycare Center’s Bookkeeping with Practical Accounting: How Does It Work?
When you outsource your daycare center’s bookkeeping to us, you’ll have a dedicated specialist who understands your industry. Whether it’s a grant application or providing a declaration for it, our tailor-made solutions ensure that, as a business owner, you no longer have to be occupied with daily administrative tasks. We integrate all information into a single platform, providing you with daily insights into your business’s data.
With our daycare center-specific bookkeeping software, you won’t need to do any manual entries. All information is neatly presented in your bookkeeping records. Real-time insights enable you to make data-driven decisions and focus on your daycare center’s overall management. We’re committed to growing your business so you can concentrate on other critical responsibilities.
Payroll Administration for Daycare Centers
Payroll administration for daycare centers is often considered a complex task. Managing part-time or call-in staff can be challenging as they are paid based on the hours worked. Keeping track of this can be difficult, which is why we offer payroll administration services for your daycare center. We are more than willing to advise you on the Working Conditions Act (WKR) and employee compensation.
As an office, we can provide a comprehensive solution as an accountant for daycare centers, encompassing not only bookkeeping but also fiscal and legal advice. We also handle payroll administration. Finally, we prepare and review your annual financial statements. If you have a mandatory audit, you can rely on us for financial audits and controls. This way, you’ll have a single point of contact for all your daycare center’s financial matters.
Curious about how you, as an entrepreneur, can benefit optimally from the discussed topics? Read further in our blogs and discover the keys to current insight and solid financial management, where our office does more than just accounting. Whether it’s tax benefits, payroll administration, or optimizing your accounting, we have the insights you need. Contact our specialists today for a personal advisory session. Discover how we can help you optimize your financial strategies and achieve relational insight so you can steer based on facts rather than assumptions.
