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lady boss
17-03-2008, 08:13 PM
Hi,

When you claim back expenses such as food, crafts, ect. How do you do this?
Who do you send your reciepts too, and do you get reinbursed monthly/weekly into your bank account?

Sorry if this is a really dumb question but i just havent a clue about this:o x

sarah707
17-03-2008, 08:25 PM
1. Add up everything you have earned from childminding

2. Add up everything you have spent while childminding

3. 1 - 2 = profit

4. Invest in some poly wallets or envelopes to store all the receipts in... add the costs to 2.

Hope this helps :D

avril
17-03-2008, 08:29 PM
Try using the NCMA accounts book I find this very good as set out simple for fools like me!! :blush:

I also staple my receipts to each page so I know were they are and what they are for.

Avril x:)

casey's mum
17-03-2008, 08:30 PM
Not sure if it a case of being reinbursed what you have spent it just means you have less profit to be taxed on. Think that right.

Angela xx

Noodles
17-03-2008, 08:35 PM
all your expenses are added up and then taken of your yearly earnings on you self assesment.
You dont physically receive the money back into your bank account
It brings your earnings down so you dont pay as much tax at the end of the year
dont know if that makes sense i know wha im trying to say :blush:

lady boss
17-03-2008, 08:43 PM
Oh i see now. Doh ! Thanks everyone x