Bookkeeping, payroll, and accounting services for small businesses across Northwest Arkansas.

Call or Text: (479) 685-9673

What financial reports do trucking companies need monthly?

Trucking companies need the standard financial reports every business needs plus several trucking-specific reports that track the metrics unique to this industry.

Start with a Profit and Loss statement structured for trucking. Revenue should separate line haul, accessorial charges, and fuel surcharges. Expenses should show fixed costs like insurance and truck payments separately from variable costs like fuel and driver pay. This structure lets you see if you’re actually profitable on the loads you’re running instead of just whether money came in.

A Cash Flow report matters more in trucking than most industries. Slow-paying brokers, the gap between when you pay for fuel and when you collect on loads, and unexpected repairs can create cash problems even when you’re profitable on paper. Monthly cash flow reports show whether you’ll have money to cover next week’s expenses or if you need to chase receivables harder.

Accounts Receivable Aging is critical for trucking companies. The industry typically runs 30 to 60 day payment cycles. Knowing which customers are current, which are 30 days late, and which are heading toward uncollectible helps you decide who to follow up with and who to stop hauling for entirely.

Cost Per Mile reporting breaks down what it actually costs to move a truck. Include fuel, driver pay, insurance, truck payments, maintenance, permits, and overhead. When you know your cost per mile, you can evaluate whether a load makes money before you agree to haul it. Taking loads below your cost per mile is how trucking companies go broke while staying busy.

Fuel Cost reports track your largest variable expense. Monthly fuel spending by truck and driver helps identify inefficient routes, driving habits that waste fuel, or fuel card misuse. Clean monthly fuel data also makes IFTA quarterly filings straightforward instead of a scramble.

Equipment Maintenance Cost reports track spending by vehicle. A truck costing more in repairs than it generates in revenue needs to go. You can’t make that decision without data showing what each truck is actually costing you over time.

Revenue Per Truck shows which assets are earning their keep. Comparing trucks against each other reveals underperformers. Maybe it’s the truck, maybe it’s the driver, maybe it’s the routes they’re running. The report gives you a starting point for figuring out why one truck produces and another doesn’t.

Owner-operators need fewer reports than fleet owners, but the core set remains the same. You still need to know if you’re making money, where cash is going, and what each mile costs you.

Having a bookkeeper near Bentonville who understands trucking prepare these reports makes a real difference. Generic financial statements don’t capture cost per mile or revenue per truck. Someone familiar with the industry sets up your chart of accounts correctly from the start and produces reports that actually help you make decisions about your business.

Northwest Arkansas's Dedicated Bookkeeping Partner

The Next Step:
A Quick Conversation

Tell us about your business and where you need help. We'll listen, ask a few questions, and give you a clear plan and honest price.

More Questions

What's the best way to organize receipts as a truck driver?

Capture receipts digitally the moment you get them using your phone or an app. Organize by expense category and back up to cloud storage so nothing gets lost in the cab.

Read answer

How do I find a trustworthy bookkeeper near me?

Start with referrals from other local business owners in your industry. Beyond that, look for relevant experience, proper certifications, and someone who communicates clearly and seems genuinely interested in understanding your business.

Read answer

What is the Heavy Vehicle Use Tax and how do I account for it?

Heavy Vehicle Use Tax is a federal tax on vehicles weighing 55,000 pounds or more that operate on public highways. File Form 2290 by August 31 annually, and either expense the payment immediately or record it as a prepaid expense and amortize monthly.

Read answer

What bookkeeping software do contractors recommend?

QuickBooks Online is the most common choice for contractors because of its job costing features and mobile access. But software choice matters less than how it's set up and whether you use it consistently.

Read answer

What financial reports should contractors review monthly?

Job cost reports are the most important because they show profitability by project, not just overall. Beyond that, review your profit and loss, cash flow position, accounts receivable aging, and accounts payable aging every month.

Read answer

What's the difference between job costing and regular accounting?

Regular accounting shows your overall business performance. Job costing breaks down revenue and expenses by individual project so you can see which jobs actually make money and which ones lose it.

Read answer

Oliver Bookkeeping Solutions offers monthly bookkeeping, payroll, and accounting services to small businesses in Benton County and across Northwest Arkansas.

Client Reviews

5-Star Rated Firm

Social

  • QuickBooks Level 1 Certified badge
  • QuickBooks Level 2 Certified badge
  • QuickBooks Payroll Certified badge

© 2026 Oliver Bookkeeping Solutions, LLC