Originally Posted by LittleScholars:
Since opening I've used two different CPAs, and each use slightly different categories (some overlap, of course, but others do not). Do you all lump activities/toys/supplies under materials and supplies, or do you break these out?
Are there any other categories your CPA adds that are useful for daycare? For example, last year our CPA added "small furniture" because I was purchasing lots of smaller pieces for our new space.
There is no rule about what category you can put an expense in. See my article:
http://tomcopelandblog.com/go-list-expense-categories