Financial Management for Trucking Companies, Drivers, and Investors

The Carhaul & Hotshot Accounting Department ensures complete financial oversight: from driver settlements and factoring to tax, profit, and expense reporting. We eliminate routine accounting burdens so you can earn transparently and reliably.

Financial Management for Trucking Companies, Drivers, and Investors

Start

Key Services

Weekly Settlements

— Preparing settlement statements by driver and truck — Percentage-based calculations: 30% of gross (drivers), 88% (owner-operators) — Expense tracking: fuel, tolls, repairs, factoring, commissions — Automated trip and weekly financial reports

Document Flow & Invoices

— Creating and submitting invoices to factoring companies — Uploading and archiving BOLs, PODs, Rate Confirmations — Monitoring status for each load — Generating daily/weekly payment reports

Financial Reporting

— Income and expense tracking — P&L (Profit & Loss), Cash Flow, ROI statements — Reporting by truck, trailer, and driver — Financial analytics by fleet, region, and broker

Accounts Receivable

— Broker payment verification — Monitoring overdue invoices — Filing bond claims if unpaid — Debt collection support

Taxes & Year-End Reporting

— QuickBooks or Google Sheets recordkeeping — Preparation of 1099s, Schedule C, and P&L — CPA coordination — Support for residents and non-residents (with ITIN, EIN)