Ready, Set,,,,Here I go.....

I don't have an accountant, although I do have a daughter that has her Master's in accounting,,I don't use her. I use Profit Gauges,,,go ahead and slam me, I don't care.. Anyway back to subject, I do my own accounting, not that dang hard. The taxes aren't hard either, I just hear so many different ways to do them, and I just want to do it the right way and the way that profits me more than the IRS. It sounds like you really have a handle on the way to do it and you do it yourself so,,,pm me...lol

 

I do apologize, honestly... I could give you a dozen excuses why I don't get on here every night and give an up date but, I won't. In the end, it is just me not getting it done. For the last couple of weeks I have been doing pretty good. The End of Week 09/08 were as follows; Total Miles = 1982 Total Revenue = $4650.00 which works out to $2.35 RPM Now that is To The Truck My settlement for that weekly totals works out like this. $3,942.35 paid to me for the 5 loads I hauled. Out of that comes; $1,122.03 for Toll's, Fuel, and Maint Escrow account. Also; $1,137.90 for Truck payment, trailer rental, Ins, HVUT and elogs app. So, that gave me $1,682.42 before taxes.

End of last week;
Total Miles = 2446
Total Revenue = $5372.60
$2.20RPM

I made $4533.60
Minus; $2,152.28 for fuel, Maint Escrow, and toll's
Minus; $1,137.90 for Truck payment, trailer rental, HVUT, Pre Pass and elogs app

My check before taxes was $1,29362


I realize I am not making much more than a company driver but, I am paying off a truck and shortly will be using that trailer rental payment as a trailer buy payment. IF things continue the way they are, I will be happy and IF the truck doesn't fall on its face, I will be happy doing what I am until the truck is paid off, in 2.5 years. At which time the trailer I will be buying will be paid off as well.