Paperless bookkeeping system
simplifies trucking operations
Feb 24, 2011 7:00 AM
A new system pioneered by TruckTax Inc promises to reduce the time and cost investment required by truckers to manage their bookkeeping, accounting, business tax information, and filings.
The spreadsheet bookkeeping software program, customized to meet income and expense recording categories needed by truckers to bring more meaning to business information and the bottom line, gives truckers more control over business information and source documents.
With the TruckTax system, truckers eliminate the need to package and send their income and expense invoices and receipts to an accountant to prepare and provide them with quarterly profit-loss reports and ready-to-file returns as applicable. Instead, truckers use this spreadsheet system to enter their income and expenses at a time convenient to their operating schedule. They e-mail their accountant a copy of an active spreadsheet direct from their home or laptop computer and can view or print professional reports each month to obtain a snapshot of the business and current bottom-line, all without the need of any prior bookkeeping or double-entry accounting knowledge or experience.
A few of the active reports available each month include: profit/loss report; cash flow report; and operating analysis of income per mile or kilometer, cost per mile or kilometer; and profit per mile or kilometer.
To further help truckers manage operating profitability of the business, the system has a built-in Load Profit Analysis system to allow them to know how much profit they will make on each load prior to picking up the load.
This system provides an audit-ready document management system that will incase of an audit allow the process to be hassle-free.
Visit www.trucktaxplus.com for more information.
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