How often do you give receipts of payment to your families? Does it make a difference how often you give the receipt? Like monthly versus yearly? I just gave my families yearly receipts last year as it states in my contract. Does it matter if you have a contract with the family or not? For example: if you have a contract with the family, you must give a receipt and claim that income. If you don't have a contract, you aren't required to give receipts? I am not sure, i have called my accountant (getting ready to do income taxes) and she's not available.

My Scenario: I have a family who requires care for their DD on a drop in basis, it's usually an hour before or after school, sometimes both. Because they are neighbour friends, i didn't ask them to sign a contract because the need for care was sporadic. Now the mom has asked for monthly receipts. I don't mind doing that but should i ask them to sign a contract or does it even make a difference? I am confused.