How do you keep track of trucking expenses?

How do you keep track of trucking expenses?

Many trucking business owners keep track of their expenses through a spreadsheet on Excel. Others prefer using pen and paper to input data. TMS, otherwise known as Trucking Management Software, however, is the most efficient way of keeping track of expenses and other data.

How do I create an Excel spreadsheet for daily expenses?

Using the Expense Report Template in Excel:

1. For each expense, enter the date and description.
2. Use the dropdown menus to select payment type and category for each expense.
3. For each expense, enter the total cost.
4. Attach all necessary receipts to the document.
5. Submit for review and approval!

How do you make an itemized spreadsheet in Excel?

How do you create an expense spreadsheet?

A spreadsheet that keeps track of expenses can serve as a ledger.

1. Use the top row of each column for the categories you’ve defined.
2. Use the far left-hand column for the date, and the column second to the left for the name of the vendor.
3. Enter the amount of each expense in the column that corresponds to its category.

How do I organize my trucking company files?

5 Tips for Managing Paperwork as an Owner-Operator in the Trucking Industry

1. Organize paperwork per trip. Whether digitally or physically, you’ll want to keep all load trip information together. …
2. Manage as much as you can digitally. …
3. Invest in a TMS. …
4. Keep your receipts. …
5. Send invoices quickly. …
6. Truckstop.com can help.

Can you use QuickBooks for trucking business?