Accounting for Transportation Company
QuickBooks for Trucking Company
Set up a chart of accounts for the trucking company
Add all the fleets (trucks and trailers)
Add all the trucks and trailers as fixed assets and depreciations monthly and annually.
Add bank accounts
Add different trucking charges
Create a customer account and receivable balance
Vendors and payable balances
Direct cost: truck repairs and maintenance; fuel/diesel; driver wages/salaries; truck insurance, etc.
Create invoices – direct pay for transportation services
Create invoices – using the factoring company
Map a truck to invoices
Receive payments from customer
Receive payments from the Factoring Company
Record regular business expenses
Banking transactions – check, transfer funds, use register, and reconciliation.
Financial reports – income, expense, profit or loss by truck, balance
Create an invoice with Pro-transport
Upload fuel and Tolls
Statements: drivers or owners
Processing invoices to the statements
Scheduled deductions: drivers or owners
Regular deductions and credits