Wrapping up 2024

As 2024 draws to a close, we’ve compiled a list of articles to guide you through completing those end-of-year tasks!

Essential Resources

How do I print or email End-of-Year Statements to all my families?
How do I write off bad debt?
May I add days the center is closed to my calendar for the new year?
How do I add paid holidays to all staff at once?
How do I change the Payroll Year?
How do I zero out vacation so it does not carry forward to next year?
How do I add new families and resolve duplicate accounts?

Reports

It's essential to have a clear picture of financial and operational performance. Family Accounting and Agency Reports help you understand your revenue, manage outstanding balances, and ensure compliance with tax regulations. They also allow you to analyze your financial performance, identify trends, and make informed decisions for the upcoming year.

Expenses and Ledger

Although it’s not necessary to formally “close” a year, you will want to calculate beginning balances for the new year, prior to running any overall financial reports for that year. How to Calculate Beginning Balances for New Year

You may wish to make a year to date entry for each vendor showing the total paid to them in one lump sum.

Staff Management

With the holiday season approaching, re-visit how to Batch Post Employee Time Card: Holiday Pay to add paid holidays to all staff at once.

How do I order Tax Tables for the New Year?

Tax Tables are no longer purchased separately and are part of the Procare Annual Maintenance bundle. Tax Tables for the New Year will show you how to download tax tables for next year.