The Expense report is a feature that will streamline expense tracking, giving you greater control over your company’s financial health.

Accurate profit and Loss (P&L) reporting is crucial. It helps us understand profitability and make informed financial decisions that can drive business growth. Therefore, enhancing how CarrierTMS tracks and reports expenses is an essential improvement.

With CarrierTMS, you can add expenses and customize expense templates for all your organizations. Now, you can also add asset-related expenses to the system. All expenses (trucks, trailers, or drivers) are related to the asset and can have different categories.

How to do it 

Please go to the menu “Settings,” choose the option “General Settings,” and then go to the tab “Document Types/Expenses” and edit the categories as you wish. A new "+Add Document Type/Expense" button on the right side has been added to the menu to make it easier.

You can customize the Document Types, allowing you to create and adapt document types to fit your operations. This flexibility is now extended to cover expenses, making it easier to track all costs accurately.

Here is an example:

Examples of Common Expenses Tracked

Here are examples of expenses commonly tracked using our system:

• Annual violation review: Validate driver qualifications and avoid safety concerns.
• Truck Maintenance: Regular upkeep to ensure optimal performance and longevity.
• Oil Changes: Essential for engine health and efficiency.
• Tire Replacements: Ensuring safety and reducing downtime.
• ELD Rent: Essential for compliance and operational efficiency.
• Truck and Trailer Washes: Maintaining cleanliness and appearance.
• Insurance: Coverage for both trucks and trailers to protect against risks.

Please refer to our support team for further assistance or if you have questions about setting up these features.