Trying to do IFTA with QuickBooks?

Making an attempt to do IFTA with QuickBooks?

The quarterly IFTA submitting is due quickly. It’s taxes, proper? So utilizing an accounting software program like QuickBooks is smart to compute your IFTA taxes due. Individuals are in search of that proper button or menu in an ordinary accounting program proper now, and so they’re not discovering it. In the event that they had been utilizing TruckingOffice PRO, it’s simple to seek out with our IFTA report characteristic. In the event that they’re utilizing QuickBooks, it’s not simple. It’s not even doable.

IFTA with QuickBooks?

Did we simply say you may’t compute your IFTA taxes due with QuickBooks? Sure, we mentioned that. QuickBooks doesn’t compute miles per state or observe tax charges per state. So you may’t use it for IFTA.

If you happen to google search IFTA and QuickBooks, there’s a years-old blogpost on the Intuit website with rationalization of IFTA. It’s fundamental and incomplete. It by no means mentions that QuickBooks doesn’t do IFTA. One other hyperlink goes to a discussion board with questions on how one can observe gas utilization per truck. The reply was sophisticated and doubtless not very helpful for IFTA.

It’s not that we don’t like QuickBooks. Under no circumstances! We respect it. We perceive why the trucking business expects to make use of it. For many companies, QuickBooks is the usual. For owner-operators, nonetheless, it’s going to allow you to down.

However My Accountant Does IFTA with QuickBooks!

Are you certain about that?

To not spill the tea, however we now have lots of accountants who use TruckingOffice PRO to compute your IFTA submitting.

That’s proper. You give all of them that knowledge and so they add it to TruckingOffice PRO to get the report.

That strikes us as barely amusing and downright intelligent. They’re utilizing the proper device for the venture. We will’t blame them for utilizing a program that they’ve realized to belief for correct computations and exact outcomes.

Right here’s the factor that ought to concern you. They’re utilizing your knowledge to get just one (or possibly two) stories on your trucking enterprise.

TruckingOffice does greater than IFTA

We get that the accountants may not inform you that they’re utilizing TruckingOffice PRO. In spite of everything, they’re getting paid to do a job that you simply don’t wish to do, don’t have time to do, or are afraid of doing fallacious.

Once they use TruckingOffice PRO as an alternative of you, as an owner-operator, you’re lacking out on all the pieces else TruckingOffice PRO can do for you.

  • Handle all of your invoices: unpaid, paid, and late. TruckingOffice PRO collects all of your bills and produces an bill from a dispatch. No further knowledge entry. Our simple knowledge entry will be achieved from a cab or from a desktop. Anywhere that has web entry and an owner-operator can put together an bill and ship it out, no drawback. Think about how nice it will really feel to get the bill despatched whereas the load is being unloaded as an alternative of ready until you bought dwelling? (And also you receives a commission quicker, too!)
  • Observe your upkeep: accomplished and scheduled. DOT and FMSCA audits require data of truck upkeep, so it’s a must to have that knowledge simply accessible. However even when they didn’t demand it, preserving your rig in its greatest form is the neatest factor you are able to do as an owner-operator. Figuring out what must be achieved and when is the important thing to forestall an on-the-road disaster pushing you completely out of enterprise.
  • Run your profitable trucking enterprise: overlaying your prices and making a revenue. Defending your enterprise and household by realizing how a lot it’s essential to make per mile for a load must be one of the best information a trucker can have. As a substitute of paying for hauling freight, receives a commission a good quantity. Know your value!
When your accountant is utilizing TruckingOffice PRO for you, you’re lacking out on the safety you’ll get whenever you
  • know your prices per mile
  • discover your income per load
  • deal with IFTA and IRP computations with out further knowledge entry.

Belief QuickBooks for Your Private Revenue Taxes and Enterprise Taxes? Sure. Belief IFTA with QuickBooks? No.

Don’t attempt to do IFTA with QuickBooks. It’s the fallacious device. That doesn’t make a foul device. It’s an awesome device for your enterprise taxes and revenue taxes. However truck owner-operators know that TruckingOffice PRO is the proper device for trucking taxes like IFTA and IRP.

We’ll even provide you with a free trial to find for your self the facility of the proper device. And in case your accountant wants it, it’s doable to switch knowledge from TruckingOffice PRO to QuickBooks.

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