For daily parent communication, I provided each of my students with a folder that they took home each night. At the front of the folder was a pouch where myself and parents put notes, lunch money, book club forms, etc. They stay safe and their 5 year olds aren't reliable for having to hold onto the money on the bus. :)
On Fridays, I would send home a newsletter telling parents what we learned that week, upcoming events, a new fun website to try, and any other information they may need.
A favorite parent-communication tool of my parents was our class website. (I deleted almost everything off of it after my last year teaching, so this would normally have more information). I used a Shutterfly Share site which is free! I would update this every week or so with new photos, any forms/paper that I sent home, new websites the kids enjoyed playing, funny quotes the kids said, and upcoming events. It would send the parents a notice when I added to the website. They could also comment on my posts/photos and order photos themselves. I had many parents who made photo books at the end of the school year from the pictures I added on the website. I could also send out a mass e-mail to all parents if needed. I even had some grandparents that asked to join so they could see what their grandkids were up to!!
As you can see, I had a variety of ways that I communicated with parents. I wanted them to see all the great things I was seeing in the classroom as well as keep them on top of how their child was doing. What's your favorite way to communicate with parents?