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One method for tracking expenses is to buy a record book specifically suited to truckers that allows owner-operators to record their expenses on a daily or monthly basis by type of expense. It may be more convenient to record your expenses monthly. You would record your income as it's received. An alternative approach would be to set up separate file folders for each type of expense (for example: fuel, parts, tires, repairs, supplies) and then total them at the end of each month.

There are many good software programs available specifically designed for trucking or you can simply use a spreadsheet program such as Microsoft Excel. You would gather all the same income and expense information a professional bookkeeper would need and enter that information into your own bookkeeping software program or spreadsheet, etc. You want to make sure to enter your information as regularly as possible.

An independent driver owns his or her own equipment - anything from a straight truck to a flatbed tractor-trailer - and hauls freight on a contractual basis. Husband-and-wife teams are very common, especially in the household moving industry. It's possible to make a good living but, like most small businesses, the competition is tough and there are many overhead expenses involved - equipment purchases, maintenance, fuel and insurance, to name just a few. Most begin their careers as salaried drivers with a motor carrier before starting their own business.

The Successful Truck Owner Operator book was designed for the company driver who wishes to move towards self-employment and to help you become a profitable business person. The first rule of business is to keep your costs low.

An important thing to do before you settle on a career is to talk to other people in the industry. Those who have just started and those who have been through the weather. When you encounter someone whose experience is negative, ask what he or she would do differently if they could start over. Plenty of independents operate legally and make a good living.