Accounting

Accounting for a small carrier is uniquely complex due to IFTA reporting, per-diem rules, and varying broker settlements. Setting up your books correctly at launch saves countless hours during tax season.

Essential Records to Track

• Fuel Receipts: Critical for IFTA quarterly filings.
• Bill of Ladings (BOL): Your proof of service and revenue trigger.
• Maintenance Logs: Essential for safety audits and expense deductions.
• Settlement Sheets: Tracking gross vs. net revenue after fees.