Do you archive your payroll raw data? Here’s one reason why you should. If the right data is collected you can learn more about your business and make better decisions.
For example, what mileage information do you collect? Some companies pay all miles and some pay loaded miles and there are many other ways to do it. If you can collect the hub miles whether you pay them or not, you can compare the hub miles to your billed miles and get a better idea of which runs have your deadhead miles.
Many trucking companies look at total deadhead miles but looking at them by run or by round trip will provide you with the extra information to make a better, more informed decision about that lane’s profitability.
There are many other non-payroll related reasons to mine this data. I’ll share some more in a future post.
Mike Ritzema
Superior Trucking Payroll Service
It’s a great payroll tips for the accountants and the businessman. Thanks for sharing it.
Thanks!
The blog moved to my website at http://www.truckingpayroll.com. Tell everyone in Alberta I said Hi, I have family outside Edmonton.