Daycare receipts, they're everywhere.
If you've been a daycare provider for any length of time you know how fast and easy daycare receipts can stack up.
And, if you don't have a way to organize your daycare receipts totaling your daycare tax deductible expenses can be a real chore.
So, here are 3 cheap and easy ways to organize and store your daycare receipts (that don't take a lot of time):
First, ditch the manila envelope for storage.
When I was a new daycare provider, I used to store all my daycare receipts in a big yellow, (and ugly) manila envelope which created lots of problems over time.
Not only did all of my receipts sink to the bottom of the envelope, they weren't categorized by month which caused me to spend hours (and hours) organizing receipts and tracking tax deductible expenses.
Second, buy a cheap yet efficient daycare receipt organizer.
The best daycare receipt organizer is an organizer that separates receipts by month, is expandable, and can hold lots of receipts.
While there are lots of receipt organizers on the market, here's one I absolutely love (and it's only $14.99)!
$14.99 DAYCARE RECEIPT ORGANIZER
Not only does it organize daycare receipts by the month, it's expandable, easy to store and can hold anywhere from 150 - 200 daycare receipts.
(A win-win as far as I'm concerned).
Third, split major tax deductible purchases into separate receipts.
By far, out of the ten tax deductible daycare categories, daycare providers will spend the most on food, cleaning, and daycare art/learning supplies throughout the year.
To make organizing daycare receipts and tracking tax deductible expenses easier when shopping at big box retailers like Wal-Mart and Costco that sell everything, simply split your food, cleaning, and daycare art/learning supplies into separate purchases.
That way, receipts for food, cleaning, and daycare art/learning supplies will be clear, easy to see, and easy to organize.
Cheers to tracking, storing, and filing daycare receipts simply and easily!