Transportation & Logistics
Running a transportation business means managing a constant stream of fuel receipts, maintenance costs, driver pay, and equipment expenses — all while trying to figure out whether each load is actually profitable. PrecisionPenny handles the books so you can focus on keeping things moving.
Every mile, every load, every expense — tracked and accounted for.
Running a transportation business means managing a constant stream of fuel receipts, maintenance costs, driver pay, insurance premiums, and equipment expenses — all while trying to figure out whether each load or route is actually making you money. Most owner-operators and fleet managers are so focused on keeping things moving that the books end up weeks behind, deductions get missed, and IFTA filing becomes a stressful guessing game. PrecisionPenny cleans all of that up.
Know Your Profit Per Load or Per Route
The revenue on a load is clear. The cost of that load — fuel, driver pay, tolls, maintenance allocation, insurance — is a lot harder to pin down. But if you don't know your cost per mile and your net per load, you can't price your services correctly or know which lanes are worth running. We set up your books to give you load-level and route-level financial visibility so every dispatch decision is backed by real numbers.
– Revenue tracked by load, route, or customer
– Fuel costs allocated by trip with per-mile breakdown
– Driver pay and owner-operator settlements properly recorded
– Toll, permit, and fee tracking by route
IFTA Reporting — Done Right, Every Quarter
If you operate commercial vehicles across state or provincial lines, you have IFTA filing obligations every quarter. Accurate IFTA filing requires precise mileage and fuel purchase records by jurisdiction — and getting it wrong means audits, penalties, and back payments. We maintain your IFTA-ready records throughout the year so that quarterly filing is a straightforward process, not a scramble.
Stop Losing Fuel and Maintenance Receipts
Fuel is your biggest variable cost, and every fill-up is a tax deduction. Maintenance receipts, tire replacements, oil changes — these add up to thousands of dollars per truck per year in legitimate deductions. But only if they're properly recorded. PrecisionPenny gives you a simple way to capture and store every receipt digitally so nothing falls through the cracks.
Equipment Depreciation & Fleet Costs
Trucks and trailers depreciate, and that depreciation is a real tax benefit — but only if it's being tracked correctly. We handle equipment depreciation schedules, track your fleet costs by vehicle, and make sure your books reflect the true cost of operating your assets. This gives you accurate profitability numbers and maximizes your depreciation deductions at tax time.
Cash Flow for Owner-Operators and Growing Fleets
Freight payment terms can stretch 30, 60, or even 90 days — but your expenses are due now. Fuel cards, insurance, and driver pay don't wait for the broker to settle. We track your accounts receivable closely, flag slow-paying customers, and give you monthly cash flow statements so you can anticipate gaps and plan around them before they become a problem.
Ready to get started?
Book a free consultation. We work with owner-operators, small fleets, freight brokers, couriers, and logistics companies of all sizes.
