I do a bit of everything....
When a child is new to care or an infant I have a daily log book that is passed back and forth from home to daycare so that I (the provider) and he parent can communicate easily. When the child finishes his or her book or the parents feel the book is no longer needed then i stops.
I have a whiteboard that is posted near the coathooks with our menu for the day and daily activities written on it.
I also have a quick chat at the end of the day with each parent about their childs day/mood etc.