Doing your own bookkeeping?

I pay. Well lol.

I give him that spreadsheet.

I have all supporting documents down to the penny.

I highly recommend using a CPA or some form of accountant. A certified financial planner will do as well. Most of those are enrolled agents, that means they can talk to the IRS on someone's behalf.

And don't cheat. It's not worth it.

After your gross profit you'll have huge deductions for

Per diem - $66.00 day, everyday you're away from home, provable by your log. No receipts needed, that's the government's allowance.

Standard deduction- Single $12,000 Married $24,000

Small business tax credit courtesy of President Trump- 20% off the top of your gross profit.

 

I use Profit Gauges... When I used atbs. They always said I owed money... Lots of money lol
Then I use TurboTax and input everything in takes 15 mins

 

Here are two samples from Excel workbook
Notice where each sheet represents a separate cost category .

 

I highly recommend Truckin Pro. It's been mentioned here before but it literally does everything and will give you any report you could want. It's a one time fee, with no hidden cost, and free updates.

*edit*
Just wanted to point out that this system can be used completely offline, so all of your data is safe and secure. Speaking of dat, You can also back up all of your data with a click of a button to a single file. If you do this, you will always have a copy of your data should something happen to your computer or files.

 

What I’ve done for years is this: put all my expense receipts (not fuel) into a big freezer bag as I go throughout the year. I keep a smaller bag in the truck and when I get home I move them to the big bag.

This first week of January I take off. It takes me about 1-2 days, I take the receipts on my bed and separate them into categories. I then add up each category with a calculator printing machine. I write the total onto a Manila folder and stick the printed total and receipts into the folder. I do this for each category. I then proceed to make sure I got my fuel total summary from fuel card printed and in a file folder, toll summary, insurance summary, amazon purchases, tag cost recorded etc (the things that aren’t in my receipt bag) (per diem)

Once I have the category totals I write them down on a separate paper. I then go onto the computer and write a one or two paper expense report with the totals I’ve counted up already. I take my folders and file them in a file cabinet .

I then go to my QuickBooks and run a yearly summary of invoices I’ve collected. I write them down, then type up a income report. Customers name, address, phone number, and how much I collected from them.

these two reports is what I bring in to my local cpa who’s knows trucking, and that’s it. She has all my income, and all my expenses neatly typed up in categories, and I make her copies to keep.

 

I manage

Looks very neat.
I am sure I could entrust you in doing my own bookkeeping too.
How much for Quickbooks subscription?