Bookkeeping for Moving Companies
A moving company's profit depends on how efficiently trucks and crews are used. Bookkeeping that tracks each move and each truck tells you what to charge and where money leaks out.
Track profitability per move
For each job, record revenue, crew hours, truck time, fuel, tolls, packing materials, and any storage. Comparing local hourly moves to long-distance flat-rate moves shows which work is worth chasing.
Truck costs by vehicle
Fuel, insurance, registration, maintenance, and repairs are your biggest overhead. Track them by truck. An older truck that costs more to keep running than it earns is easy to spot when the numbers are separated. Record trucks as assets and keep purchase records.
Crew payroll and classification
Movers and drivers who work your schedule under your direction are generally employees. Run payroll properly, track hours and overtime, and keep timesheets. Day labor brought on during peak season still needs to be classified correctly; see 1099 vs. W-2.
Deposits, cancellations, and tips
Record booking deposits against the move date and track cancellations under your policy. Tips paid to crews through the business have payroll implications, so keep them separate from revenue.
Damage claims
Track claim payments and repair costs as their own expense line. Rising claims point to training or packing issues and affect insurance costs.
Peak season planning
Summer and month-end are busy; winter is quieter. Build a budget that sets aside peak-season cash for slower months and for estimated taxes.
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