Tuesday, 27 September 2016

Truck Accounting Software: Track of All Your Income and Expenses

One of the toughest aspects of running a business is tracking. Whether you’re following your income and expenditures, or tracking customer happiness, you’re bound to have a stack of notes if you take this on the old fashioned way.

Heck, even with a spreadsheet system like Excel, you’re going to find yourself losing track of your income and expenses eventually.

But with TruckLogics, we aim to simplify every aspect of trucking management that can set you back. As you grow your truck fleet with TruckLogics, you’ll come to love all of our income and expense tracking features.

Fuel Expenses

With TruckLogics, you can quickly record details from every fuel purchase by logging each time you purchase fuel, the vehicle that was filled, the number of gallons, fuel type, and total cost of the sale, the odometer reading, and the location of purchase. You can also upload an image of the receipt of that transaction itself!

Driver Settlements

Instead of bogging yourself down with complicated driver settlements, TruckLogics helps you calculate pay with deductions, reimbursements, or advances within minutes.

  • Hauling Charges: Calculate driver pay based on your settings. You can choose how you will pay your driver, and the hauling charge will be determined instantly.
  • Fuel Surcharges: Determine your fuel surcharge based on mileage, a percentage of the revenue, or a flat rate per trip.
  • Add Accessorial Fees: Add accessorial fees by choosing the fee type from the drop-down menu or choose your own custom fee type. 
  • Add Reimbursements & Deductions Amount: Reimburse drivers for expenses by adding the total and reason to the settlement, and our software automatically adds the reimbursement to their balance.
  • Advance pay for the Driver: Calculate deductions for advance pay and late deliveries from the final settlement balance by adding the cost and reason for the deduction.

Equipment Expenses

Running your company means you need to balance the books… which means you need to watch your equipment expenses! When you need to track your expenses, as well as your repairs, you need to get truck maintenance software. You need to check out TruckLogics.

I mean, spreadsheets are helpful, but they lack the insight, efficiency, and mobility you need to run a successful company. No matter how mobile your business is, you need the ability to track and manage all your expenses from anywhere.

With TruckLogics, you can record payment details by information, method of payment (cash, check, credit card (or) EFT), and the total amount of the transaction. You just select the expense category from the drop-down menu or add your own custom categories for your business. You can also split an expense between categories by clicking "split."

Invoice Creation

Need truck invoice software? After you create and dispatch a load in TruckLogics, your invoice is ready to go. All you need to add is a fuel surcharge, then send it to the client.

We don’t believe in wasting time and money, so our automated reminders will remind you when and how you’ll get paid.

No matter what your business needs are, TruckLogics is here to make it easier. If you’d like to start a 15-day free trial, let’s do this!

Related Blog: 5 Steps for Easier Dispatches: Fleet Management Software

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