We have all heard about the ELD mandate that’s coming and we pretty much are certain that this is going to happen. Are you still working with cell phones and trip itinerary sheets? Are you using a basic ELD and are looking to get a little bit more but are not sure where to start? Let’s take a look at a framework to help guide you.
First of all, what do you currently have – nothing, cell phones, a basic logging evict that maybe has some GPS capabilities? Are you currently on a contract? Finally, did you just expense the items or are they still on the books and depreciating each month? These are a few of the items that your Controller or CFO are going to look at as a baseline to see what sort of income statement impact this project is going to have on your organization.