#trucking
Accounting solutions for trucking and transportation businesses
Build a chart of accounts that separates carrier revenue from broker pass-throughs, handles fuel surcharges and packing inventory correctly, and reconciles driver settlements against bills of lading — the bookkeeping discipline that protects margin in local and long-distance moving operations.
IFTA returns are due quarterly on April 30, July 31, October 31, and January 31, and tax follows the miles you drove, not the fuel you bought. This guide shows owner-operators how to calculate fleet MPG, net taxable gallons, and surcharges, and which record-keeping habits survive an audit.
Form 2290 funds federal highway maintenance through an annual excise tax on vehicles with a taxable gross weight of 55,000 pounds or more. Owner-operators and fleets owe up to $550 per truck and must file by August 31 — late filings trigger a 4.5% monthly penalty and DMV registration suspension.
Learn essential financial management strategies tailored for owner-operators and small trucking fleets to navigate cash flow challenges and improve profitability in the competitive trucking industry.
Choosing the right accounting software is crucial for trucking businesses. This guide provides insights on the best options for owner-operators and fleets, focusing on cash flow management, IFTA automation, and timely driver payments.
