Childminder accounts
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  1. #1
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    Default Childminder accounts

    Hi,
    I'm wondering if anybody can help me with working out my monthly accounts.
    So far I have taken off food expenses, wear and tear on the car based on the miles used (45p per mile) and purchases such as toys, printer ink and paint etc. For the rest such as wear and tear on house, heating electric & rent and all the other bits we can claim 10% for. What I'm stuck on is how do I work this out monthly, my understanding is that the 10% we can claim for is taken off the total yearly figure? (Eg gas/electric bill £88 per month x 12 = £1056 then take off the 10% = (105.60) but how would I work out how much to take off for the month ?

    Hope someone understands what I mean 😩😜

    Thankyou

  2. #2
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    I use this accounts spreadsheet - kindly shared by member "Happy Toddler" - you just put in your monthly figures and it works out all the percentages you can claim for you. Childminding Accounts Worksheet Download - Home

  3. #3
    Join Date
    Jan 2011
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    Neverland
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    It really doesn't matter whether you take it off monthly or annually as 10% per month is equal to 10% per year
    ie
    £88 per month @ 10% = £8.80 x 12 months = £105.60
    £88 per month x 12 months = £1056.00 @ 10% = £105.60

    I work mine out monthly as it's easier for me, plus I can work more or less hours each month so can deduct 'real time' costs as and when they happen

  4. #4
    Join Date
    Aug 2013
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    Default

    Quote Originally Posted by Bearsandgracies View Post
    Hi,
    I'm wondering if anybody can help me with working out my monthly accounts.
    So far I have taken off food expenses, wear and tear on the car based on the miles used (45p per mile) and purchases such as toys, printer ink and paint etc. For the rest such as wear and tear on house, heating electric & rent and all the other bits we can claim 10% for. What I'm stuck on is how do I work this out monthly, my understanding is that the 10% we can claim for is taken off the total yearly figure? (Eg gas/electric bill £88 per month x 12 = £1056 then take off the 10% = (105.60) but how would I work out how much to take off for the month ?

    Hope someone understands what I mean 😩😜

    Thankyou
    I think it is so much easier to use a spreadsheet / online system, so glad someone can recommend one for you.
    You can also take off cleaning equipment / consumables too remember.

  5. #5
    Join Date
    Dec 2006
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    Cheshire
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