Common Frustrations Trucking Companies Have with Accountants

Lack of Industry-Specific Knowledge

Truckers often find that general accounting services lack an understanding of the trucking industry's specific needs, regulations, and challenges. This can lead to less optimized financial advice and strategies, potentially impacting the trucker’s income and business operations.

The “Brand Name” Advantage: We have over 30 years of experience in the transportation industry and use that knowledge base to find operational advantages. By working with 100s of trucking companies of different sizes we have found common elements that lead to successful outcomes across tax, payroll, bookkeeping, and more.

Communication Gaps

Timely and clear communication is crucial. Truckers, often on the road, may find it challenging to communicate with accountants who are not responsive or available. Even if your days on the road have been replaced with managing a trucking operation, it’s still fast-paced. Delays or miscommunications can lead to missed opportunities or errors in financial management.

The “Brand Name” Advantage: Every client has a dedicated account specialist who is assigned to their business. Aside from the quick response time, this account specialist learns the ins and outs of your operation. Which means you are speaking the same language when you communicate.

Technology Integration Issues

Some accounting services may not be well-integrated with modern technology, making remote access to financial data or digital communication challenging. Truckers may find it difficult to manage and monitor their financial data on the go, which is essential given their mobile profession.

The “Brand Name” Advantage: We use QuickBooks as our go-to provider for accounting software and also support other integrations (via QuickBooks). Aside from QuickBooks, we use modern technology across our organization to better serve our trucking clients.

Administrative Delays

Truckers are fast-paced professionals and may get frustrated with the slow, bureaucratic processes of traditional accounting firms. Delays can impact decision-making, tax filings, and other time-sensitive financial matters.

The “Brand Name” Advantage: Dedicated Account Specialists.

The complexity of Financial Data

Truckers may find that the financial data and reports provided by accounting services are too complex and not easily understandable. It can lead to a lack of clarity in financial standings and decision-making challenges.

The “Brand Name” Advantage: We break down reports so that they can be easily understood with the relevant information and operating context of your business.

Cost Concerns

The cost of hiring accounting services can sometimes be a concern for truckers, especially if the value provided does not align with the expenses. Truckers might either avoid using accounting services or not get the full suite of services needed to optimize their financial management.

The “Brand Name” Advantage: Operations in a box comes with clear and transparent monthly pricing. We can improve your financial operations by acting as a thoughtful and dedicated partner, completely invested in your company's success.

Concluding thoughts

There are many things to consider when deciding how to run an efficient financial operation, which is critical to the success of any trucking company. What we’ve listed above are common frustrations that we’ve heard clients describe when working with professionals not accustomed to the trucking industry. If you have faced or are facing some of these challenges, give us a call and we’d be happy to help you decide if we are the right fit for your company. We believe in a guided consultative approach, just like when transporting freight, never overpromise and under-deliver!

We’ll leave you with a tax joke today:

For every tax problem, there is a solution that is straightforward, uncomplicated, and wrong.