I mean, we work for a living, not for just loving right? If you track expenses carefully each month, you can see where you are overspending and places you could cut back so you can keep some profits to help your family. Not to mention the expenses for all the extra supplies I need right now. This year, with the virus going around, it will be a lot more because food has been incredibly marked up. I bring in a good amount of money in a year, but just food for the kids is around $7,000 on average. Or are you spending all the profits? It’s really easy to do because everything involved in caring for children is so expensive. You need to think about whether you are spending more on your home daycare business than you are making. But even more important than being ready for tax time is budgeting. It’s a great place to start when thinking about getting things in order for taxes. Printable expense trackerĬlick on the pdf highlighted above to use the free printable expense tracker that I use.
I also used it a lot at work before I had a home daycare, so it was a natural fit for my daycare business records. I’m not really computer savvy and learned how to use excel in high school. I have always used excel and love that it adds up all the numbers for you so you don’t have to worry about the time it takes to add up a column or math errors that can happen. Or using google docs or excel is a great way to make one on the computer. You can use graph paper or lined notebook paper to set up columns if you like to make your expense spreadsheet with paper and pencil. Whether you do your home daycare budget expense tracking on paper or computer, setting up a spreadsheet is the best plan. You can find some good ones here: Daycare worksheet, report templates, and free expense report templates. There are many other expense report templates you can print out to use. For more ideas to prepare for tax time, check out this post. It also organizes those expenses so you can look back at tax time and find the total for each expense category on your Schedule C.
It’s customizable so you print it once and use it as many months as you’d like. There are easy to use columns to record all of my expenses and income and compare where I’m spending too much from week to week. There are tons of great choices for ones you can use, but this bullet journal budget form is the one I’ve been using and it’s working great for me. A bullet journal budget is a great place to track expenses.
0 kommentar(er)
