Bills, bills, bills right? There is always another fee to pay by another deadline. It’s like a never ending cycle of due dates to remember. At least income actually comes in to cover the bills, but it can be tricky to remember how much money came from where.
That’s why TruckLogics, the complete trucking business management software is here to help with their income and expense tracking features. With the help of TruckLogics, you can organize your bills to never miss a deadline and keep detailed records of all of your finances. There is no way that any pennies will come in or go out unnoticed under TruckLogic’s watch.
Expense and Income Tracking
TruckLogics makes it extremely easy to instantly record all of your expenses, even when it comes to fuel. Anytime you have an expense, you can record the type, how you paid for it, the amount, date, and more. You can also record the type and quantity.
If you’re busy and on the go, simply use the TruckLogics mobile app on your smartphone or tablet to record an expense at any time, from any location. You and your drivers can even take photos of receipts and upload them to your TruckLogics account to keep accurate records without any time-consuming hassles.
You can also use TruckLogics to avoid to hassle of entering the same expense in over and over each month, by setting up recurring expenses. For example, you have to pay your insurance bill each month, but it’s a pain to add to your records over and over. By setting up the bill as a recurring expense TruckLogics will automatically add it to your records on a monthly basis so you don’t have to worry about it.
If you frequently visit the same restaurants and truckstops add them to your smart list. This way you won’t have to add them every time you enter an expense. Plus, TruckLogics has an autofill feature to reuse information from previous entries to save time.
Every time you receive a payment you can quickly post it to TruckLogics. You can record if the payment was from a carrier or a client, how you were paid (cash, check, credit, EFT), and you can add custom notes about the payment.
With the custom invoicing feature you can instantly create professional invoices to based on your load details with custom rates and information about the load. The invoices can be printed and emailed to your clients too.
You can set a custom due date for your invoices and you will receive a reminder when the due date is coming up or is past due. You can also add a factoring company and their rate to your invoices to keep detailed records.
All of your financial information will be tracked so you can run a number of different business reports to accurately reflect how your business is doing at any time. These reports can be run for any custom date range and will clearly display your income and expenses.
For example, the Profit and Loss Report will show you your company’s profits and losses with details such as the cost per mile, revenue per mile, and profit per mile. The Driver Payment Report will show you the sum of your driver payments to see how much you paid who and in what form. Plus, the Year-End Tax report will track all of your finances to provide accurate totals for your tax reports.
If you have any questions the outstanding TruckLogics support team is here to help. We will assist you with any feature and even provide you with a full TruckLogics demo! Give us a call Monday – Friday from 9 AM to 6 PM at 704.234.6946, connect with us via live chat, or take advantage of our 24/7 email support at trucklogics.com.
But first, see how TruckLogics can make tracking your expenses and income easier than ever by signing up for your free 15-day TruckLogics trial right now!