How boda boda riders can track daily income and expenses

A boda boda rider may collect many small payments in one day. Some customers pay Cash, others pay by M-PESA. At the same time, the rider may spend money on fuel, lunch, repairs, parking, police-related issues, loan repayments, insurance or spare parts.

At the end of the day, the rider may feel busy but still not know how much money was actually made. This is because income alone does not show profit. A rider needs to compare fares received with the costs of keeping the motorbike on the road.

For example, a rider may collect KSh 2,800 in fares. That sounds good. But if fuel was KSh 700, lunch was KSh 200, repair savings were KSh 300 and a loan payment was KSh 500, the real remaining amount is much lower.

What a boda boda rider should record each day

• Cash fares received.
• M-PESA fares received.
• Fuel costs.
• Repairs and maintenance.
• Loan or hire-purchase payments.
• Insurance, parking or stage fees.
• Transfers between M-PESA and Cash.
• Any money taken out for personal use.

How Bizwazi helps

• Bizwazi helps a rider record income by Cash, M-PESA and Bank, record daily expenses, and review whether the day was actually profitable.
• By separating income from expenses, a boda boda rider can see whether the motorbike is making money or only creating cash movement.

Good daily habit

• Record fares and expenses every day instead of waiting until the end of the week.
• Check whether M-PESA and Cash balances match what was recorded.
• Review fuel and repair costs because they can quietly reduce profit.