Getting Your Finances in Order - overdriveonline.com€¦ · 2010-05-18 · Getting Your Finances In Order ... May 18th 2010 Truckers News CPA and Owner of The Trucker’s Accountant

Getting Your Finances In Order

Editor

Randy Grider John Turner

May 18th 2010

Truckers News

CPA and Owner of The Trucker’s

Accountant

Tips for

using

the

control

panel


Editor

Randy Grider John Turner

May 18th 2010

Truckers News

CPA and Owner of The Trucker’s

Accountant

Getting Your Finances

in Order

John E. Turner, P.C.

John E. Turner, CPA

The Trucker’s Accountant

May 18, 2010

It’s not an event . . .

It’s a PROCESS

Getting Your Financesin Order

5www.truckcpa.comMay 18, 2010

What is the

PROCESS?



PLAN



Plan

EXECUTE



Plan

Execute

MEASURE



Plan

Execute

Measure

ANALYZE



PlanExecuteMeasureAnalyze

ADJUST11www.truckcpa.comMay 18, 2010


PLAN



Plan

FINANCIAL PLAN



Plan

Financial Plan

OPERATING PLAN



Plan

FINANCIAL PLAN



Financial Plan:

BUDGET



Financial Plan:

PERSONAL BUDGET



Financial Plan:

BUSINESS BUDGET



Plan:

Business Budget

CAPITAL BUDGET



Plan:

Business Budget

Capital Budget

OPERATING BUDGET20www.truckcpa.comMay 18, 2010


Plan

EXECUTE



Execute:

ACCORDING TO

YOUR PLAN



Plan

Execute

MEASURE



MEASURE



Measure:

KEY PERFORMANCEINDICATORS (KPIs)



Measure:

EXTERNAL KPIs



Measure:

External KPIs

FUEL PRICES FREIGHT PROJECTIONS



Measure:

EXTERNAL (KPIs)

INTERNAL (KPIs)



Measure:

Internal KPIs

CURRENT FINANCIALSTATEMENTS

ESTIMATED TAX LIABILITY29www.truckcpa.comMay 18, 2010


Plan

Execute

Measure

ANALYZE



Analyze:

PERSONAL ANALYSIS



Analyze:

Personal Analysis

PROFESSIONAL ANALYSIS



PlanExecuteMeasureAnalyzeAdjust



Financing packages designed to reduce the risks associated with starting your own

business. Schneider Finance’s Smart Start program offers a special, no money

down, low monthly leasing plan on late-model used trucks.

Climb into the rig of your dreams with one-stop shopping on new or used tractors.

Includes an “engine-off” auxiliary cooling and heating system designed to keep you

as profitable as possible, while still being as comfortable as possible.

Schneider Finance is part of Schneider National, a nationally-recognized company

with a 75 year history. We have the largest freight base in the industry – giving

independent contractors the freight they need, when they need it.

Schneider National also provides independent contractors access to the resources

they need, such as 22 Operating Centers and our Purchase Power program that

allows you to leverage our big-company buying power (fuel, maintenance, tires,

insurance, etc.) against your operating costs for deep discounts and a higher profit

margin.

Proprietary & Confidential

Schneider Finance Provides Independent Contractors

the Tools They Need to Be Successful

Schneider Finance’s Tips For Becoming an

Independent Contractor

Gain experience with the type of freight you plan to haul (typically one to

four years experience).

Saving for a down payment is optional, but can help strengthen your

application by showing commitment to the business. It also a key to help

make your truck payment more affordable.

Take responsibility for your credit history: know what’s on your credit

report and offer a clear explanation and corrective steps you have taken

to clear up past credit blemishes.

Obtain training on the business of being an owner operator (self-paced

classes are a useful resource). Learn as much as you can about being a

successful business owner to help pave your path to success.

For more information on tractor and financing opportunities with Schneider Finance,

visit www.sfitrucks.com or call 1-800-521-5859

Proprietary & Confidential

http://www.schneiderjobs.com/

Schneider Offers Choices in Compensation to Fit the Needs

of Each Independent Contractor

Mileage-Based Leasing Program

90¢ per mile, plus fuel surcharge and accessorial pay.

This alternative allows you to get behind the wheel and drive. Schneider handles all

load assignments for you, ensuring maximum optimization. Mileage-Based leasing is

right for you if you are an owner-operator who enjoys the driving aspect of trucking and

you prefer to receive load assignments based on optimum utilization.

Choice-based Lease Program

Offers 65% of line-haul revenue.

This option affords you maximum control. Choice-based lease program is right for you

if you are an owner-operator who has a good grasp of the business and overall

trucking industry and you are persistent about cost management, with a high level of

initiative.

For more information on Independent Contractor opportunities with Schneider

National, visit www.schneiderjobs.com or call 1-800-44-PRIDE.Proprietary & Confidential

http://www.schneiderjobs.com/

QUESTIONS??

Randy Grider

800-633-5953 ext 1054

[email protected]

John Turner

www.truckcpa.com

www.jturnercpa.com

281-464-9443

Download the


webinar and Power Point at

www.truckerwebinars.com

mailto:[email protected]

http://www.truckcpa.com/

http://www.jturnercpa.com/

http://www.rmrconsultants.com/

Next Webinar

Emerging Driver Shortage Speakers: Neal Perry managing director and senior

consultant of FTR Associates and Tom Kretsinger Jr.

president and chief operating officer of

American Central Transport

June 24th

3:00pm CDT

Register Today:

www.truckerwebinars.com

mailto:[email protected]

Documents

Getting Your Finances in Order - overdriveonline.com€¦ · 2010-05-18 · Getting Your Finances In Order ... May 18th 2010 Truckers News CPA and Owner of The Trucker’s Accountant