Monthly business expenses excel spreadsheet template
You won’t have to worry when several trucks require repairs if you have cash for unforeseen expenses. Trucking industry professionals frequently perform repairs and maintenance. You can easily do this using an expense tracking spreadsheet. There should always be some money left aside in this budget for unforeseen expenses in the future. You have the risk of running a successful business to the ground if you don’t keep funds to a budget. Here, you document if you need new equipment, the number of drivers you are managing, and the trucking equipment you need. What matters is that you need to have one. It doesn’t matter if your business plan covers the next few months or the upcoming years. Your business plan is your roadmap to running not only a successful but also an efficient trucking business. Here are some things you can do to make your trucking business more efficient. Not all trucking businesses are being run as they should, as many managers don’t keep the proper records efficiently. How Can You Make Your Trucking Business More Efficient Feel free to add additional expenses to your owner-operator trucking expenses spreadsheet, but this can be a great place to start. The variable expenses can include costs like fuel, vehicle maintenance, tolls, and taxes. The fixed expenses in your spreadsheet can include vehicle payments, permit costs, insurance, licensing fees, physical damages, and other miscellaneous expenses. These costs will increase as the miles driven increase. The variable costs include the costs incurred when your trucks are being driven. These costs may remain the same but change based on inflation. The fixed costs are costs that you will have whether you’re actively running the trucking business or your trucks stay idle in the parking lot.
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You should look to add these to your trucking business expenses spreadsheet. These include some fixed and variable costs. Look to classify all your expenditures into two categories. However, truckers should be aware of some of the most critical trucking expenses to run a successful business. Knowing where your cash goes in and out of your business is totally up to you.
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So, if you spend more than you budgeted for, the value in the Difference column will be red - to help it stand out as a warning. The spreadsheet uses the accounting format where negative numbers are in parenthesis like (115.00), and conditional formatting is used to make the negative numbers red - red means bad in this case. The calculations in the "Difference" column are set up so that negative numbers are bad. Using the Personal Monthly Budget Template See our articles Make a Budget and 5 Basic Budgeting Tips if you are just getting started or new to budgeting.
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At the end of the month, you record in the "Actual" column how much you really spent during the month.įor a more detailed set of budget categories, see the Household Budget worksheet. This represents your goal - you're trying to keep from spending more than this amount.
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You record your desired budget for each category in the "Budget" column. The purpose of this type of budget worksheet is to compare your monthly budget with your actual income and expenses. Some numbers are included in the Home Expenses category as an example, but you'll want to replace those numbers with your own. To use this template, just fill in numbers that are highlighted with a light-blue background (the Budget and Actual columns).