Trucking Accounting: Manual vs. Software Approach

The trucking business has been there from ages and so is the associated complexity. Like every business, the trucking business traditionally employed a large number of people. There were different employees’ managing truckloads, trip report, truck expenses, track income and IFTA trucking and reporting. The manual approach was always time-consuming and prone to human errors.

Manual approach to the business also demanded a large chunk of profits to be distributed to the employees. As the competition grew bigger, the manual approach became tough. Then there was the introduction of the IFTA software to the trucking business. The truck owners who were in the business for decades slowly but steady started adopting the Trucking Accounting software.

Knowing the fact that an employee can do a large amount of work but IFTA software can do in a matter of seconds. The one-time investment did sound interesting to the business owners and the popularity of a tms management software raised multi-fold. The best IFTA software is easily affordable for large to small scale businesses.

Far and away the best prize that life offers is the chance to work hard at work worth doing. – Theodore Roosevelt

This software will help to run trip reports, manage expenses, paying drivers and file the Quarterly International fuel tax agreement (IFTA). Let us look at some of the features in brief and understand how a trucking accounting software benefits a business. The IFTA software will automatically track all the changing rules and will help to calculate error-free IFTA.

The Trucking accounting software can bill the customers after the delivery. The IFTA software will help in running a report that includes vehicle maintenance and mileage. The pay drivers and IFTA reports are also added to the reports. The trucking accounting software will keep track of fuel, parking, tolls and other expenses of the fleet. The trucking software is easily integrated into the existing operations and help the business run smoothly.

Video credit: Axon Software

The days of manual errors and tasks are gone. The business owners do not have to worry about the wait times and uncertainty. The adoption of transportation scheduling software helps in the reduction of paperwork, overtime, administrative errors and repetitive data entry tasks. From the above points, it is clear that the trucking software has changed the face of the trucking industry. The changing rules, worrying about the penalties, a large workforce are not a concern anymore.

Software for transport company

Just by adopting efficient trucking software removes all ambiguity. You can be rest assure of the accounting needs and just concentrate on the business. There is efficient and popular software available in the market. It is imperative to do thorough research before implementing the one for your business. You have to judge all parameters before doing.

Software that can be integrated with your existing account seamlessly is the one you should go for. Businesses from all across the world are implementing IFTA software to simplify their daily accounting, billing, and invoicing process. If you have not already used the software that it is the high time to do so. Just get the best software and restructure your business to achieve the highest goals.