Home Child Care Bookkeeping

Video Transcript

"Hi, my name is Veronica Baragas with my wigglesandgiggles.com, and I'd like to share with you, about home childcare bookkeeping. First I would start off with getting you maybe like a one inch binder and a few pieces of paper, just kind of write down your expense from head to toe, whether it be groceries, supplies, home supplies, cleaning supplies, any advertisement, definitely have a space for your expenses as well as your income, a place for receipts, a place for any drop in care, just kind of write down everything possible that's involved with your expenses, and definitely get some dividers, and just make a section for each one. And kind of get yourself a little system and what works best for you as far as keeping track of every single penny that you spend or get. And this will just save you in so many ways, not only that, but it'll be a little more productive and save you some money in the end where you can find out, where you're spending verses how much money you have coming in. So bookkeeping is the most essential part of running your home childcare, whether you are registered or not, licensed or an official business, it'll just be very well for your finances and help you in every aspect that you can possibly think of. So just try as simple as a one inch form with a couple of notebook papers and just document everything that you have."