Childcare Bookkeeping with GLG Accounting
You have devoted your life to helping children. Whether you are running a day care center out of your home or another place, even if you just go to a client’s home to care for their children, your reputation is your calling card. This is your dream business, but the paperwork and finances are a nightmare. GLG Accounting’s professionals have the same desire to maintain an excellent reputation as you do.
Why does a day care service or nanny need an accounting firm?
Your small business lives in a world of taxes and regulations that can often cause you a headache. The time spent doing paperwork is time away from the most important elements of your business, the children. Most small companies cannot keep up with the changing world of regulations and so find themselves falling farther behind. Even with the highest attention to detail, mistakes can be made. These mistakes can end up costing you clients and even your business, in the most extreme cases. However, with an accounting firm to assist you, many of these issues can be eliminated. Easing your mind and allowing you to focus more on the children in your care. You don’t have to concern yourself with keeping up with all the new regulations policies and necessary forms to run your business on a daily basis.
Are you using the most updated software? Are you efficient in its use? Staying current with the ongoing changes in both technology and regulations GLG Accounting’s business. We can integrate your current software of choice or start you out with something new. We can customize our service to meet each of our client’s needs.
Need help with your basic bookkeeping? Let GLG Accounting do it for you. Accounts payable and receivables, balance sheets, or any other report you need, our accountants can help you simplify your day-to-day processes. Clerical mistakes can cost you time and money. With trained and dedicated people, an accounting firm can help minimize these issues. Maybe you just need a second pair of eyes to make sure everything is correct, GLG Accounting can be those eyes.
Are you working under the right entity?
Running your business under a sole proprietorship or partnership may seem best, but is it? Changing to an S Corporation or an LLC that acts like a corporation can save you money. Adjusting your tax status can decrease your tax liability between 30 to 50%. A business advisory service that can help you determine the best course of action for you is one of the things GLG Accounting can assist you with.
If you are running a business with more than just yourself, you need to keep your employees happy. If the paychecks are not on time or are incorrect, employees become unhappy, and your business and reputation both suffer. This makes payroll one of the most necessary yet most complicated tasks, in the world of business. However, you cannot run your business without it.
Sick day and vacation reporting, new hire paperwork, management of garnishments handled properly are ways that GLG Accounting can help with payroll. Thereby freeing up time and resources for you to focus on the children in your care. Want a report specific way? We can do that as well.
Accounting for Daycares
Is it time for new toys or games? Perhaps some outdoor playground improvements? Want to take the kids on a special field trip? Is it affordable? A comprehensive analysis of your cash flow can help you determine that. We use the newest technology and software to provide you with the best overview of you cash flow. Just want to see where your money is going? A GLG Accounting cash flow analysis can help you with that. Many ways to save money can be found once everything is laid out for you.
Our employees are handpicked for those with years of accounting experience. Our diverse field of employees with backgrounds many types of businesses allow us to find you the best options for your business. This allows us to pool our assets to better understand how different programs and regulations can affect you. Whether you are just starting or have been in business for a while, GLG Accounting can customize our services to your needs. With modern accounting methods and compliance with all tax regulations, our goal is to give you the best experience possible.
To start getting assistance with your bookkeeping and payroll needs as a Daycare provider, contact GLG Accounting today.