So you can lessen your load, we’ve compiled a list of the best trucking bookkeeping services to make your life a little easier. From filing quarterly IFTA fuel taxes to invoicing, there is a trucking bookkeeping solution for your business. Check out these five nationwide trucking bookkeeping services to get started today. Created by a professional accounting firm in Atlanta, Georgia, TranspoCFO provides quality bookkeeping services to trucking businesses. Ideal for small transportation companies without in-house accounting, their team of accountants can take care of your accounting and tax preparation needs so you don’t have to.

You can concentrate on driving, and someone else cares about economic matters. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.

Keeping compliant is as important as finding loads to haul and keeping a well-maintained vehicle. If you decide to hire a compliance service, this e-book will guide you through some of the regulatory and safety questions to help you get the most for your money. Every day, bookkeeping services help trucking companies manage their money.

I couldn’t imagine being out here on the road without the support that Trucker CFO provides for our business. FreightWaves Ratings reference a list of approved sources for use of research to support editorial research and drafting. In addition to accounting, a truck driver must also control his working hours and record activities. It is necessary not only to comply with the rules but also to improve road safety.

  1. A competent and error-free accounting solution will provide the necessary data and tools to ensure effective trucking management.
  2. The registration process will ask you a number of questions about your vehicle, cargo, number of trucks, weight, and more.
  3. Read and download our DOT Compliance e-book to learn how to stay DOT compliant.
  4. Successfully establish your business with help from our expert team.
  5. All the transportation companies need to file the fuel consumption Tax every quarter to keep operating without penalties.
  6. So their accountants and bookkeepers work tirelessly to offer high-quality services to trucking companies nationwide.

With over 50 years of experience, Truckers Bookkeeping Service makes trucking easier with cutting-edge technology and quality customer service. We want to help drivers get established and stay compliant. The good news is, Truckers Bookkeeping Service has over 50 years of experience in the transportation industry and we’ve helped thousands of truckers get their trucking authority.

Owner-Operator Compliance Package

Keeping your business’ books is a full-time job and a critical part of your operation. The Trucker CFO is a Certified Public Accountant (CPA) who specializes in helping owner-operators, independent contractors, fleet owners and trucking entrepreneurs. With our bookkeeping service, we utilize strategies and solutions to help you manage your money effectively and help increase your profits. All motor carriers operating with a combined weight of 60,000 pounds or more must have a Kentucky weight distance tax account. When the account is opened, quarterly reports must be filed in addition to your IFTA license. You are required to update your truck inventory list, which is verified through USDOT numbers.

Don’t hesitate become The Trucker’s Bookkeeper today because they are depending on us. Your out-of-pocket cost will be the $300 Federal Motor Carrier Safety Administration (FMCSA) registration fee and the $50 BOC-3 registration fee which covers the lower 48 states. Let TBS deal with the mountains of paperwork and complicated forms. Our experts will make sure everything is processed correctly the first time, so you won’t have to wait to get those big rig wheels turning. We’ve been helping independent owner-operators like you for over 50 years. Let our experts help with permitting, compliance, insurance down payments, and more so you don’t have to tackle it all alone.

I understand that you want your business streamlined and successful. You don’t have to make the mistakes I made early on. I can help you make smart decisions that will make your life easier and increase your profits in the long run.

Accurate, Efficient & Affordable Accounting for Your Trucking Business

TBS is dedicated to spending the next 50 years making it easy for independents to get started and stay rolling. TBS will process your MC#/USDOT Number and BOC-3 for free (both are required to activate your truckers bookkeeping service authority), with no annual membership fee or application processing fee. When compiling this list, we focused on what 5 different services would be most important to truckers when managing their books.

Register for your International Registration Plan (IRP)

Entrepreneurship isn’t for everyone, but anyone can become a successful entrepreneur. With my support, you’ll be guided on how to get started. All you really need to be an entrepreneur is willpower and resources. You can also get in touch to see if we are a good fit. Once you’ve completed all the steps required to legally operate on the road, there are continual regulations from the DOT to keep up with. Failing to stay compliant with the DOT can result in severe consequences, ranging from hefty fines to being put out-of-service entirely.

TBS has helped me all the way with starting up my company (EAD TRANSPORT AND LOGISTICS LLC), Caroline Cristophel, is one of the best assets of this company. If she doesn’t know something she will get you the answer. In addition to your MC#, many states require an intrastate authority if you pick up and deliver loads within the borders of one state. You https://turbo-tax.org/ may submit a summary of your expenses using our online form or you may choose to include it in your monthly expense envelopes that you provide to us. Save all the receipts of the expenses you have on the road and send them weekly. By the end of the month, you will receive financial statements and explanations of what these mean to your bottom line.

Bookkeeping and Tax Services

Regardless of the business’s size and how long you’ve been in the business, knowing the ins and outs of trucking bookkeeping will help you stay within industry laws. It will also let you make informed decisions and find resources for the company’s future development. We recommend seeking professional help to avoid accounting mistakes, increase profitability and save time.

Have Any Questions?

A BOC stands for “blanket of coverage.” The FMCSA requires that you have a process agent in every state that you travel through or do business in. Services can vary based on company operations and gross vehicle weight (GVW). All companies and individuals must file an Annual Income Tax Report according to their earnings or received incomes during the year.

Besides, the accounting service prepares tax documentation according to legal requirements. With ATBS, a dedicated consultant will walk you through the entire process of preparing and filing your taxes so you can be confident everything is accurate. A reliable tax partner makes filing your taxes easier than ever. We use dedicated people and clever technology to safeguard our platform. She provides you with excellent expierence and help and understands your needs. I have been extremely happy with the service that was provided to me by TBS.