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Old 03-26-2001, 10:40 AM
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Fine Lines Lawn Fine Lines Lawn is offline
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Join Date: Mar 2001
Location: Indianapolis, IN
Posts: 447
Hi,
If you compensate, say .25-.30 per mile, that would cover his gas and oil expenses. Those are common rates for companies that use sales reps. who use their personal cars. Of course there is more wear and tear on a service truck so you can add any benefits you desire for the convenience of using his truck. You might also check with his and your insurance companies for those ramifications, and your CPA could help you with the bookkeeping. Assign a truck number to it, so you can track truck expenses separately. Each of my trucks have separate expense areas in Quickbooks for gas, maintenance, insurance, washing, etc. Hope this helps.
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Bill Parrish
Fine Lines Lawn
www.finelineslawn.com
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