Knowing Your Expenses
Tracking Your Expenses
Decrease Expenses, Increase ProfitDecreasing your expenses is a quick way to increase profit. It’s a simple formula that works. Analyzing your 2015 expenses is going to help you increase profit for 2016. Start off by breaking down your expenses for each month of 2015. Look at each month closely and see where you spent the most money. Determine what can be cut back and create a budget for the first three months of 2016. The goal is to spend less than the year before, but leave some room for emergencies. TruckLogics has everything you need to analyze your expenses and generate a Profit & Loss report for each month. Our P&L report breaks down all your expense categories and figures so you can quickly pinpoint the expenses that can be cut.
For more on expense management with TruckLogics, check out these blogs:Business Management Breakdown: Zen and the Art of Expense Tracking
Figuring Cost Per Mile
TruckLogics Mobile App