How does life cycle cost analysis help quantify the decision-making process for determining when a piece of equipment needs replacing? How can you use benchmarking principles to ensure your fleet operates optimally? While many organizations have an accounting department for handling finances, effective fleet management also requires knowledge of the financial considerations that affect their fleet operations. This 2023 Automotive Fleet Guidebook presents these general finance competencies every fleet manager should know, including analysis of various acquisition options, ability to conduct a life cycle analysis, basic accounting principles, benchmarking, outsourcing decisions, and preparing and implementing a fleet budget.