Industries
Accounting for owner-operator truckers
Organize freight income, operating costs, equipment records and tax payments around your business.
Track the cost of operating
Separate fuel, maintenance, insurance, permits, financing and owner transactions. Keep settlement statements and receipts linked to the books so revenue and deductions can be reconciled.
Keep mileage and travel records
Maintain trip and state-mileage records and document the business purpose of expenses. IFTA, per-diem eligibility and income-tax deductions are separate questions; confirm which filings your engagement includes.
Evaluate equipment and entity decisions
Buying or financing a truck affects cash flow and depreciation. An S election may or may not help after compensation and compliance costs. Review the entire year rather than choosing a structure from a headline savings claim.
Prepare for a review
Bring settlement statements, expense reports, mileage logs, equipment agreements, prior returns and estimated-payment records.