Keeping on track! Software? Help!

Leased to a company? Try QuickBooks self-employed, the app is extremely useful once you get your bank linked and everything classified.
If small buisness with your own authority, you really would need the full QuickBooks online suite.

 

Look at Letstruck.com thy have great software for tracking all that and more, it's called Profit Gauges, and a program for tracking fuel milage called Fuel Gauges.

 

Quickbooks, never depend on a website to keep your stuff safe.

 

Are you a business or a sole proprietor?

 

If it’s your first year, don’t worry about quarterly. After your first return is filed you’ll use that to estimate taxes for the next and evaluate at the end of each year for the next. You will most likely not have much of a tax burden the first year anyway as you’ll have plenty of expenses and your revenue won’t be at top potential as you’re just getting into it.
Most banks have an in house payroll service you can use and access online and it is do it yourself. Or, you can have an accountant do all that. Quikbooks is good, there are several others out there that are very similar.
If you want to track expenses and receipts only and have an accountant be your bookkeeper you don’t something like quickbooks or other accounting software. You could even go as cheap as just saving images, categorized by month, and using a simple spreadsheet to keep track of revenue and expenses.
I have my accountant handle bookkeeping and payroll and just send them all my receipts and I keep them saved for myself. I then keep track of my revenue and expenses in a simple spread sheet, as well as my empty and loaded miles, rate per mile. If you know what it costs you to run, you’ll be very close to the final numbers from the accountant.

 

Who is keeping your books? If no one then you need to immediately start.. You can use paper and pen, a $10ledger from staples, an $30 accounting software program from best buy, or go talk to an accountant, do a search for bookeepers. Once this is done you will have or can figure out. Your own monthly profit and loss. That will answer the question for you. Now if you just want a quick quess based on decades of experience.
Add up all your expenses fuel, pm's, tractor LEASE payments, scale tickets, tolls etc... subtract that number from your current year to date earnings (should be listed on your statements) deduct 25% from that number.

Multiply that number by .15. Send that in for quarter 1 and 2 of this year. Then get your books up to date.
Example year to date earnings $10,000
Year to date expenses. $3000
10,000-3000=7000
$7000-25%=$5250
$5250×.15=$787.50 send that amount.
Bear in mind I used small round numbers for sale of conversation. GET YOUR BOOKS IN ORDER!!

 

If you are using open office or microsoft spreadsheet programs, you can find a number of free or very low cost templates on line. Most are basic ledger types and easy to use. Search for accounting spreadsheet.

Open office is an open source office suite that is free to download. Find more info here Apache openoffice