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Originally Posted by Dejanh
Buisiness wise reverand you said you do not keep track of your cpm expenses and that your accountant does that for you.
No, what I said was that I don't keep track of all my expenses by the mile, as none of my bills are paid by the mile. I keep track of my fixed expenses by the day, and my variable expenses by the mile. My accountant provides me with a profit/loss statement each month, as I send all my information to him.
The reason I don't keep track of my expenses by the mile, is that there is NO GUARANTEE that the figure will be accurate. Let's say you average all your expenses by the mile, and you use 10,000 miles a month to calculate it. What happens if you don't run those 10,000 miles in a month? Then all those per-mile costs that you have come up with are now too low, and won't cover your expenses.
Figuring your fixed costs on something that is CONSTANT, such as the calendar, is a much better move, as they won't suddenly start removing days from each month. Fixed costs occur even if the truck isn't moving, so they shouldn't be calculated off of something that is variable, like your mileage.
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I think somethings you can do yourself for yourself instead of paying someone else to get them done, but then again you have more expirience than me probably so that might be something i should look at as well :!:
Do you compute and file your own taxes as well? My accountant does that for me - the same accountant who has been running the numbers on my business all year long, and because he has been doing so, knows my numbers better than someone who has them thrown on them at tax time.