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- Click ‘Get Form’ to open the daycare profit and loss statement in the editor.
- Begin by entering the total amount paid to you by parents each week. Multiply this figure by 4.33 to calculate your total monthly parent fees.
- Next, input the amount received from the Child and Adult Care Food Program reimbursement in the designated field.
- Record any subsidies received from the Department of Social Services for children in your care.
- Add up all sources of income to determine your total monthly revenue.
- Proceed to list your expenses, starting with food costs, followed by toys, staffing, crafts, transportation, training, gifts, and any other expenses. Ensure you specify any additional costs in the provided section.
- Calculate your total monthly expenses by adding all expense entries together.
- Finally, subtract your total monthly expenses from your total monthly revenue to find your monthly earnings.
- Complete the statement and signature section at the end of the form to attest that all information is accurate.
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