Bookkeeping and accounting services for Santa Fe and Northern New Mexico small businesses.

Call or Text: (505) 629-0818

How do I track maintenance and repair costs by truck?

Tracking maintenance by individual truck helps you spot which vehicles are draining money and when it’s time to replace instead of repair. Without per-truck data, you just see a lump sum for repairs each month with no way to know if one truck is responsible for most of it.

In QuickBooks, use classes or locations to assign each expense to a specific truck. Create a class for each vehicle using the unit number or VIN last four digits. When you enter a repair bill, assign the expense to that truck’s class. This lets you run profit and loss reports by class and see exactly what each vehicle costs you.

If you’re using QuickBooks Online, tags work similarly to classes. Some trucking companies prefer sub-accounts under vehicle expense, creating separate accounts like “Repairs - Truck 101” and “Repairs - Truck 102.” This approach works but can clutter your chart of accounts if you have a large fleet. Classes or tags keep the chart of accounts clean while still giving you the breakdown.

Capture more than just the dollar amount when recording repairs. Note the mileage at time of service, what was repaired or replaced, and whether it was scheduled maintenance or a breakdown. This context matters when you’re reviewing costs six months later trying to decide whether to sell a truck that keeps having problems.

Trucking companies that track consistently can calculate cost per mile by truck. Divide total maintenance and repair costs by miles driven over the same period. A truck costing $0.08 per mile in repairs while another costs $0.25 per mile tells you something important about which asset is worth keeping.

Build the habit of coding expenses correctly as they happen. When a repair invoice comes in, assign it to the right truck before you pay it or file it away. Waiting until month end to sort through a stack of invoices means you’ll guess wrong on some of them or skip the truck assignment entirely because it takes too long.

Run a by-truck cost report quarterly at minimum. Look for trucks with repair costs climbing sharply or trucks that have repeated issues with the same components. This data supports real decisions like whether to invest in a major repair or sell the truck while it still has value.

If the setup feels complicated or you’re not sure how to structure the tracking in your accounting software, a bookkeeper for trucking businesses can configure the system properly from the start. Getting the structure right upfront means the reports actually show you what you need to see without manual spreadsheet work later.

Santa Fe's Small Business Bookkeeper

The Next Step:
A Quick Conversation

Tell us about your business and what you're dealing with. We'll listen, ask a few questions, and give you a straightforward quote.

More Questions

What happens if I file my GRT return late?

New Mexico charges a 2% penalty per month on unpaid GRT, capped at 20% of the tax due. Interest also accrues on the balance. The sooner you file, the less you'll pay in penalties.

Read answer

How do I set up invoicing in QuickBooks?

Complete your company info, customize your invoice template, set up products and services, and connect a payment option. Use recurring invoices for regular clients and track outstanding balances from the Sales tab.

Read answer

How do I track depreciation on rental properties?

Track rental property depreciation by setting up a depreciation schedule when you acquire each property, recording annual entries in your accounting software, and keeping detailed records of your cost basis and improvements.

Read answer

What is the GRT rate in Santa Fe?

The combined GRT rate in Santa Fe city is approximately 8.4375%, combining state, county, and city portions. Your exact rate depends on your business location and can be verified through the New Mexico Taxation and Revenue Department.

Read answer

Do I need separate bookkeeping for each short-term rental?

It depends on your legal structure. If each property is in a separate LLC, yes. If they're all under one entity, you can use one set of books with class tracking to see each property's performance individually.

Read answer

Can a bookkeeper fix years of disorganized records?

Yes, a skilled bookkeeper can reconstruct and organize financial records going back several years. Bank statements provide the foundation, and missing documentation can usually be worked around. The longer you wait, the harder it becomes.

Read answer

Focus Point Accounting provides bookkeeping and accounting services for small businesses across Santa Fe and Northern New Mexico. Led by Stephen Vigil, a Certified Internal Auditor with 20+ years of experience. We bring an auditor's precision to your financial records.

Client Reviews

5-Star Rated Firm
  • Certified Internal Auditor badge
  • Intuit Bookkeeping Certification badge
  • QuickBooks Online Certification Level 1 badge
  • Gusto Payroll Certification badge
  • Santa Fe Chamber of Commerce logo
  • Better Business Bureau badge

© 2026 Focus Point Accounting LLC