Pryce Accounting & Tax Services, CPA, PLLC: A professional tax and accounting firm in Brooklyn, New York: Home

The Trucker CFO Team truly understands and deeplyappreciates that handling someone else’s moneyis an incredibly big deal. Our team does not takethat responsibility lightly.This is why we start by gettingto know you personally. Later, after working in the software industry a few years, I realized I could make a truly great program for her. There’s no software to download and your data is always available to you. You’ll always up to date so you know what a load costs you today – not last year and not three months ago. Your business would run like well-oiled machine, and suddenly great opportunities would become crystal clear – giving you the facts you need to double or triple your profit.

• The clearer you are about mileage and fuel purchases, the harder it will be for customers to debate the cost.
• That way, you can compare your write-off amount with each method and see which one ends up bigger.
• Its powerful mobile app is great for tracking receipts and expenses or creating invoices on the go, making it convenient to store your financial information securely in one place.
• Also, we deducted a few points for ease of use because the dashboard is not that organized, with some features concealed within each other, making it a bit difficult to navigate.
• Trucking accounting software encompasses a wide range of technological solutions you can use to maintain your trucking business’s finances.
• The IFTA office in your home state will allocate your payments to the proper jurisdictions and determine whether you owe more or deserve a refund.
• It provides tools and functions that are tailored to the specific financial and accounting needs of your business and manage its overall financial health.

Should you use actual expenses or a per diem rate?

If necessary and available, we sign up for these platforms and closely study how the features work in real-world scenarios. Technically not a software solution but an alternative, https://www.bookstime.com/nonprofit-organizations TruckBytes provides free pre-made spreadsheets to streamline invoicing, trip reports, and IFTA filing. Tailwind TMS provides a full range of invoicing and bill payment features.

Our Solutions

• However, this approach is very time-consuming and does not help with more complicated accounting.
• They should also have a good understanding of the software and tools you use.
• General accounting software is typically the cheapest, followed by trucking-specific accounting software.
• The software offers a range of pricing plans, including a starter plan for individuals and a standard plan for small businesses.
• By working with us, you’ll be able to start truly enjoying the opportunity to run your own business.

Each membership tier allows for a different integration into a third-party system, which lets the trucking company select the software that will help them maintain their fleet. The standard and lowest truckers bookkeeping plan is $12/month per organization for up to 3 users, but there are plenty of options to explore. Nick Gallo is a Certified Public Accountant and content marketer for the financial industry.

“Shoeboxed makes it stupid simple to scan receipts…”

However, while it’s a full-fledged double-entry bookkeeping software, its accounting features are not as robust as that of QuickBooks. For instance, unlike QuickBooks, you can’t customize the chart of accounts and generate recurring invoices in Q7. Tailwind TMS achieved a perfect mark in the trucking category and slightly above-average scores for the other categories.

Yet many clients drag their feet and draw out the billing process as long as possible. With accounting software, you can ensure accuracy when sending itemized invoices to your customers, showing exactly what they owe and why. The clearer you are about mileage and fuel purchases, the harder it will be for customers to debate the cost. Zoho Books facilitates online payment acceptance through integration with over ten third-party payment gateways, such as Stripe and PayPal.

• Rigbooks is a budget-friendly accounting software option for small trucking companies.
• This can include tax planning, developing financial statements, and analyzing cash flow.
• Each option offers different features, strengths, and weaknesses, so consider each to choose the best solution for your business.
• These include focused tools for freight haulers, freight brokers, and oilfield trucking.
• As a result, many truck drivers handle a significant portion of their bookkeeping without much assistance.
• Mixing personal and business finances can make it harder to track expenses and manage cash flow.
• The Trucker CFO Team truly understands and deeplyappreciates that handling someone else’s moneyis an incredibly big deal.

Stop worrying about messy books. Get started for free.