When making financial decisions for your business, you generally don’t project profits by studying an income statement and balance sheet. Financial accounting based on historical performance just doesn’t cut it any longer. The most important decision that a small business owner will ever make is how to price jobs and services to determine what those jobs truly cost and to avoid overruns.
It’s important to be able to track key performance Indicators (KPI) such as loading times, unloading times, loop times, and returning dollar per hour information on each load and job. Knowing this information allows trucking companies to measure its performance on each job and to determine which aspects of the business are more profitable.
