Provider has a system of record keeping that tracks incomes and expenses for tax purposes and individual cost of care.

To meet this Standard, the provider MUST submit:

• A logbook or spreadsheet showing BOTH:
• Dated income entries (MUST include full date: month, day, year).
• Dated expense entries (MUST include full date: month, day, year).

Attention:

• Uploaded evidence MUST be dated within the 15 months prior to Standards Inventory submission (MUST include full date: month, day, year).

Evidence Notes Box (in data system):

• If submitting a large document, enter a note in the Evidence Notes box indicating what page(s) shows the relevant information. In the large document, it must be clear what page is being referred to and the relevant text must be highlighted.

Providers who have an effective system for tracking income and expenses, will be able to pay the appropriate amount of taxes (not too much or too little) on time. This system keeps more funds available so providers can manage expenses more effectively.