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Released April 2011, ProfitGauges is the simplest yet most efficient accounting program for your trucking business.

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Entering expenses on ProfitGuages

How do I enter expense receipts on the expense side of profit gauges if the expense has been pulled out of my settlement as a deduction? For instance, I have a receipt for a truck wash that I used a Plus Check from the company for so I had no out of pocket expense for it. It was then taken out of my settlement. I have it entered in the expenses section of my weekly settlement. So under monthly expenses do I use retained earnings and then put a category in for the truck wash under it?

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1 Answer

Keep all of your settlement information under the settlement section. Only use the expense section of profit gauges for out of pocket expenses that you wish to track. If you have it under the settlements, leave it there so your settlements always balance out. All of the expense under settlement get pulled over into your tax report. You DO NOT have to enter the information twice. Best way is enter all settlement info then go to expense section and enter your mileage and days out info. You can then enter the monthly total for CASH expenses.

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