Kevin Rutherford Profit Gauges?

I just got it back in September and like it. I have always kept a ledger on my actual miles and revenue for each load but never did the profit & loss part of it. I knew approximately where I stood on that but it sure is nice to know exactly to a T now. I've got the first 3 quarters of input on it already. Need to sit down one day and do the 4th quarter. I think for an operator that's leased on punching in the data once a week when you get your settlement will probably take you 5 or 10 minutes to do that and all your other expenses. I suppose under your own authority doing it weekly would keep from having to deal with the hassle of an hour or more doing a whole quarter. Now that I see exactly what a P&L is comprised of I could do it on my own without any program but it would be time consuming that way.

 

Hmm. I've never used his "gauges" products mostly because I figure he is profiting from selling that data. I've always used Excel. How does profit gauges make it easier than Excel....you still have all the data entry work right?

 

He probably is and I'm not in the fan club. But hey, that's the American way right? Anyways you're speaking Chinese. I don't even know what excel is. My ledger with miles and revenues is old school pen and paper. Input on profit gauges consists of me thumbing through a stack of receipts and bills - typing in that info. It's really that simple. I suppose there might be more computer savvy ways but this works fine for me and I don't spend much time doing it.

 

You need to click around on it some more and figure it out. It has expense categories for any and everything you can even create your own. I was a tad frustrated when I first started using it until I figured it out.

 

Ahh I see. Sounds like what I thought then. It's just a data base (like Excel from Microsoft) but he has pre defined some catagories and packaged it up in a colorful web site (probably with ads).

 

I use it, it works for me as a 1 truck, leased on - but allows you to enter for multiple trucks I think.

As RC said, I enter my settlement weekly, takes 5 minutes.

Use the folder system for fuel/maintenance/ supplies etc. Sit down at month end and enter that, longest part for me is retrieving post discount fuel price from Comdata.

Click save month, and go on. All the accounts are done for the year, just waiting on 1099 etc, before a trip to the tax man.

Call the help line if you have problems, they're helpful, and obviously keen on you using the product.

I'm not good with computers and spread sheets so it works for me.