Product

Spending Insights: revenue & expense tracking for truck drivers

Trucksmarter

Nov 28, 2023

We hear you–tracking your revenue and expenses as an owner-operator is tough. Either you’re doing all your own bookkeeping, juggling different programs to save time, or you’re trusting your books to an accountant, an expensive and often confusing process. It’s easy to lose track of how much you’re spending in certain areas of your business, and the tools at your disposal aren’t made for truck drivers–so you’re constantly faced with questions like, “Does this expense fall into any of these categories?”  or “Have I done all I need to do to be ready for tax season?”

Spending Insights: spend and save smarter

TruckSmarter’s Spending Insights helps owner-operators monitor their monthly spending, compare expenses and revenue over time, separate business and personal expenses, and get a trucking-first view of their finances. Here's how.

1. Trucking-specific expense categories

We automatically organize your transactions into categories made for your trucking business, including:

  • Fuel

  • Maintenance

  • Commissions & fees

  • Parking & tolls

  • And more 

Spending Insights makes it easy to accurately categorize a transaction so you’re getting a clear picture of exactly where your money is going.

2. Monthly revenue and expense reports

We make it easy to track your spending and compare profit, revenue, and expenses month-over-month. At a glance, you can monitor your business performance over the last six months to see how your revenue this month compares to months prior and track your spending over that time as well.

3. Know (and grow) your profit

Based on how you categorize your transactions in the app, we can calculate your monthly profit, dividing out your business and personal expenses. We’ll also alert you to uncategorized transactions so you can review, assign a category, and get a 100% accurate profit calculation.

A part of our TruckSmarter Banking suite of products, Spending Insights is available to all drivers who factor with us and have a TruckSmarter Checking Account. 

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TruckSmarter is a financial technology company, and is not a bank. Banking services provided by Blue Ridge Bank, N.A. and Thread Bank, Members FDIC. The TruckSmarter Visa Debit Card is issued by Blue Ridge Bank, N.A. and Thread Bank, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa is accepted. FDIC insurance is available for funds on deposit up to $250,000 through Blue Ridge Bank, N.A. or Thread Bank, Members FDIC.

*Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.

TruckSmarter Logo Asphalt Grey Footer

TruckSmarter is a financial technology company, and is not a bank. Banking services provided by Blue Ridge Bank, N.A. and Thread Bank, Members FDIC. The TruckSmarter Visa Debit Card is issued by Blue Ridge Bank, N.A. and Thread Bank, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa is accepted. FDIC insurance is available for funds on deposit up to $250,000 through Blue Ridge Bank, N.A. or Thread Bank, Members FDIC.

*Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.

TruckSmarter Logo Asphalt Grey Footer

TruckSmarter is a financial technology company, and is not a bank. Banking services provided by Blue Ridge Bank, N.A. and Thread Bank, Members FDIC. The TruckSmarter Visa Debit Card is issued by Blue Ridge Bank, N.A. and Thread Bank, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa is accepted. FDIC insurance is available for funds on deposit up to $250,000 through Blue Ridge Bank, N.A. or Thread Bank, Members FDIC.

*Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.

TruckSmarter Logo Asphalt Grey Footer

TruckSmarter is a financial technology company, and is not a bank. Banking services provided by Blue Ridge Bank, N.A. and Thread Bank, Members FDIC. The TruckSmarter Visa Debit Card is issued by Blue Ridge Bank, N.A. and Thread Bank, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa is accepted. FDIC insurance is available for funds on deposit up to $250,000 through Blue Ridge Bank, N.A. or Thread Bank, Members FDIC.

*Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.