Doing your own bookkeeping?

Discussion in 'Ask An Owner Operator' started by PE_T, Feb 27, 2020.

  1. tnevin225

    tnevin225 Road Train Member

    1,166
    1,601
    Jan 1, 2014
    0
    I was considering trying that this year, I got all my numbers so it should be easy enough to copy from last years tax return I had done at ATBS.
     
    PE_T Thanks this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Dave_in_AZ

    Dave_in_AZ Road Train Member

    55,967
    378,698
    May 4, 2015
    0
    I don't separate fuel and DEF. DEF = diesel exhaust FUEL.

    Unless you're tracking it for some reason, it's just more work.
     
    PE_T and Studebaker Hawk Thank this.
  4. theSoz

    theSoz Light Load Member

    161
    385
    Jan 24, 2020
    0
    Technically it's not fuel at all. It's Diesel Exhaust FLUID. It's a mix of Urea and distilled water.
     
  5. Dave_in_AZ

    Dave_in_AZ Road Train Member

    55,967
    378,698
    May 4, 2015
    0
    Well it's called fuel. In the eyes of the IRS that's all that matter.
     
  6. theSoz

    theSoz Light Load Member

    161
    385
    Jan 24, 2020
    0
    Who calls it fuel?
     
  7. Dave_in_AZ

    Dave_in_AZ Road Train Member

    55,967
    378,698
    May 4, 2015
    0
    Everyone
     
  8. theSoz

    theSoz Light Load Member

    161
    385
    Jan 24, 2020
    0
  9. Studebaker Hawk

    Studebaker Hawk Road Train Member

    2,981
    9,623
    Oct 18, 2010
    NW Indiana
    0
    I agree with many of the responses above.
    @Dave_in_AZ spread sheet system works fine
    @HopeOverMope freezer bags works great. Then just taking a cold day off in February to do all the totals
    I have been using Turbo Tax for several years. They are familiar with all sorts of industries. You give them the 6 digit code for the type of business you are in, and they compare your numbers to thousands of returns they handle, and warn you if there are any categories that are out of line.
     
  10. Dave_in_AZ

    Dave_in_AZ Road Train Member

    55,967
    378,698
    May 4, 2015
    0
    3. 3 cold days in February to input it all lol.
     
    PE_T and Studebaker Hawk Thank this.
  11. TruckerPete1990

    TruckerPete1990 Road Train Member

    8,623
    5,376
    Jul 16, 2012
    Bentonville Arkansas
    0
    If ur looking to store ur receipts i don't. I take a photo of them and upload them on the google cloud. Easy way to do it. Don't have to worry about keeping copys of them anymore
     
    PE_T and Dave_in_AZ Thank this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.