Accounting Services for the Childcare Industry
What’s Included:
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Manage QuickBooks Online Banking Center & Rules
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Manage QuickBooks Online Classes and Locations (If applicable)
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Reconcile bank and credit cards accounts monthly
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Ensure accuracy on the Balance Sheet and Profit & Loss
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Maintain appropriate use of the Chart of Accounts
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Perform monthly financial statement review
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Generate monthly financial statements
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Tie out wages to payroll reports and tax filings
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Prepare and file yearly 1099s
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Prepare year-end financial statements so tax return can be filed by your tax professional
As a business owner, having accurate and reliable financial information on time is the difference between making an informed decision and flying blind. At TLG, we strive to give our clients just that! We hold ourselves and our clients to the highest standards and with our team of caring and strong accountants, we are a trusted partner in your financial success.
Why having accurate financial statements matters:
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They are key to knowing how your business is performing financially.
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They can lead to the ability to utilize industry benchmarks so see where you should focus attention.
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They eliminate the potential of erroneously over/underpaying on income taxes due to incorrectly reported income.
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They allow you to forecast and predict trends.
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They allow you to offer bank or investors an accurate picture of your business for loans, growth or, investment opportunities.
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It allows you to make more informed decisions for your business!
Tammy Arakelian, Oakland Schools
"TLG has been a great resource to the early childhood programs we partner with for GSRP. They help teach and support implementation of financial practices that are GAAP compliant and meet both grant and public school accounting requirements. We have had some amazing positive feedback from our partners in relation to the TLG team!"
QuickBooks Online Training Participant
"I have a degree in accounting and have used QuickBooks for years and I still learned so much!! There are so many ways we can leverage quickbooks - my main takeaway is to cleanup our chart of accounts using several of the tips shared so that our reporting will be more useful."
QuickBooks Online Training Participant
"Quickbooks content is massive. The instructor did a great job of highlighting the areas that would be relevant to child care owners. Additionally, the information in the workbook provided further understanding."
QuickBooks Online Training Participant
"I've been in childcare for 25 years and have used QBs for multiple groups throughout my career. I did not expect to learn anything new. The training was efficient, insightful and engaging. I used two pieces of information in an investor meeting the next day and directed my business manager to immediately change a pending classification for two of our clients. Thank you! Looking forward to joining more trainings."
Tricia Abbott, CEO, SpringStone Montessori School
"TLG Financial has been awesome to work with over the past two years. They’re super responsive and always on top of things, which makes everything so much easier on our end. Our financials are consistently completed and uploaded to our portal at the beginning of each month, so we always know where we stand. Every quarter, we do a one-hour deep dive to go over our profit and loss, budgeting, and how each of our six locations compares to industry benchmarks.
One of our biggest business goals was to truly understand our books, and thanks to TLG, we’ve finally reached that point. It feels amazing to have clarity and confidence in our financials—and we couldn’t be happier with their service."