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Bookkeeping · IFTA · Settlements · Cost Per Mile | Austin, TX · Nationwide

Books that keep pace with every mile.

IFTA fuel tax data organized quarterly, per-mile costs tracked by category, and owner-operator settlements recorded gross-to-net. We reconcile factoring advances and reserves, run driver payroll and 1099s, and show you load profitability by route — so you know your cost per mile and which lanes actually make money.

Free intro call. Instant estimate in about two minutes. No pressure, no spam.

100%
Client retention
24hr
Max response time
Day 10
Books closed monthly
Live
Cost per mile, by category
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★★★★★
5.0 from the owners, pastors and founders whose books we rebuilt

People don't usually talk about their bookkeeper like this.

Real notes from real clients, sent after we cleaned up their books. The names and the outcomes are theirs.

★★★★★
"THANK YOU SO MUCH!! I have been looking for a true finance partner like this!"

Three years of books rebuilt clean. Monthly close now lands by day 5.

Lauren
LaurenCEO · The Harbour Company
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★★★★★
"Phenomenal working with Turnkey CFO. Our finances have never been clearer."

Giving trends, fund balances and ministry spend, finally visible to leadership.

Dakota
DakotaHeirloom Church
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★★★★★
"Really encouraging to see everything tied out at the bank and the adjustments all traced. Great work."

A full deep dive on one account, every adjustment traced back to the bank.

Buck
BuckExecutive Pastor · Northpoint Church
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★★★★★
"You have been unbelievably helpful!! THANK YOU."

Multi-fund nonprofit books cleaned up. Monthly close cut from three weeks to under one.

Christy
ChristyExecutive Director · Village of Hope Maui
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★★★★★
"Turnkey handles all of it and I never think about the books. Easiest decision we made."

Full books and reporting, handled end to end.

JT
JTDoxa
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★★★★★
"Multiple companies, and every set of books is clean and current. They just handle it."

An 11-company group closed every month, entity by entity.

A
AustinMojo Coffee
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★★★★★
"Thanks Ricky. You're the best."

A monthly financial dashboard the whole leadership team actually reads.

Tawnya
TawnyaVillage of Hope Maui
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★★★★★
"The budget and dashboard work has changed how our team leads."

A full 2027 budget build and a live dashboard for the whole church.

Brent
BrentEpic Life Church
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★★★★★
"Thank you so much!! This is all great. I really appreciate it!"

Payroll handled end to end, questions answered the same day.

A
AlexandraOwner · Soularis
★★★★★
"Clear, on time, every month. Exactly what we needed."

Monthly P&L and balance sheet, delivered on schedule.

AD
AdamCornerstone Church ATX
Who we are

We're a bookkeeping firm in Austin, Texas that works with trucking companies and owner-operators — from single-truck operators to small fleets — on IFTA data, settlement reconciliation, factoring, driver payroll, and books that show cost per mile by category and load profitability by lane every month. We coordinate with your CPA on tax filings.

Ricky West, founder of Turnkey CFO
Ricky West
Founder, Turnkey CFO
"Trucking doesn't run on bank balance — it runs on cost per mile. We build books that actually show it."
See it live

A live dashboard, not a stack of PDFs.

Every client gets an always-current dashboard instead of a month-old report. For trucking, that means cost per mile, lane profitability, and cash — visible any time, on any device.

  • Cost per mile by category — fuel, maintenance, tires, insurance, and driver pay, updated monthly.
  • Load profitability by lane — which routes make money and which ones just keep the truck moving.
  • IFTA and factoring status — fuel-by-state current for quarter-end, reserve receivables reconciled.
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BUILT FOR TRUCKING

Per-mile cost, fuel, and settlements, tracked.

IFTA-ready books and driver settlements, reconciled.

What we handle

Everything your trucking business needs. Nothing it doesn't.

01

Monthly bookkeeping & close

Accurate categorization of freight revenue, fuel, maintenance, tires, insurance, driver pay, and all operating expenses. Full monthly close with P&L and balance sheet — with cost-per-mile breakout so you're managing the business with real data every month. See all services

Core
02

IFTA quarterly fuel tax data

Fuel purchases organized by state and miles traveled by state — formatted for your CPA or IFTA preparer to calculate the quarterly fuel tax liability accurately. No more scrambling at quarter-end with incomplete fuel receipts. We track it month by month so Q-end is a clean handoff, not a fire drill.

Most popular
03

Per-mile expense tracking

Total operating expenses divided by total miles, broken down by category — fuel cost per mile, maintenance per mile, tire per mile, driver pay per mile, insurance per mile. Updated monthly so you can evaluate lanes before you accept them and know which truck in the fleet is the cost outlier.

Most popular
04

Driver settlement reconciliation

Owner-operator settlements reconciled gross-to-net — gross revenue recorded as freight income, fuel advance expensed, escrow treated as a liability, insurance chargeback expensed, and net deposit matched to the bank. Every settlement line is in the books correctly so your P&L shows true revenue and true cost, not just what hit your account.

Ops
05

Factoring receivables reconciliation

Factoring advances recorded as partial payment against the invoice, reserve balance tracked as a receivable, factoring fee expensed as a financing cost, and remittance matched to the bank when the load pays. Your books reflect true freight revenue — not just cash received from the factoring company at unpredictable intervals.

Ops
06

Driver payroll (W-2 + 1099)

W-2 payroll for employee drivers via Gusto — correct classification, quarterly 941 filing, per-diem reimbursement documented separately from wages. 1099-NEC for owner-operators paid $2,000+ by January 31. Worker classification tracked and gray areas flagged for your attorney — the IRS and DOL actively audit trucking companies on misclassification.

Compliance
07

Load profitability by route

Freight revenue minus direct costs (driver pay, fuel, factoring fee, dispatcher commission) tracked by lane or route category so you know which runs are making money and which ones are being accepted because the truck would sit empty. The data to negotiate better rates or drop the wrong freight. Behind on your books? Catch-up bookkeeping

Most popular

Tax filings, IFTA returns, and legal matters — coordinated with your CPA or attorney. Turnkey CFO is a bookkeeping firm; we keep your books filing-ready and support the process end to end. For tax or legal questions, talk to your CPA or attorney.

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Client retention
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Max response time
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Business-day close
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To get started
Getting started

Onboarding takes days, not months.

Step 1
Day 1

15-minute intro call

We learn your fleet size, driver mix (W-2 vs 1099), factoring relationship, dispatch software, and where the books are currently breaking down — so we set up right the first time.

Step 2
Days 2 to 5

Chart of accounts setup

Freight revenue, fuel by state, IFTA tracking, settlement deduction categories, factoring advance and reserve, per-diem payroll — all built before we touch a transaction.

Step 3
Within 2 weeks

Live visibility

Full close every month with cost per mile by category, IFTA data current for quarter-end, factoring receivables reconciled, and a load profitability summary — so you're running the business on real data.

Industries

Bookkeeping that speaks your industry.

Questions

Questions trucking companies ask us first.

Do you replace our CPA?+
No — we work alongside your CPA. We keep books clean and filing-ready year-round so your CPA can file without a month of cleanup. If you need a CPA who understands trucking businesses, we can refer one.
Can you organize our IFTA data?+
Yes. We organize the fuel purchases by state and miles traveled by state that your CPA or IFTA preparer needs to calculate your quarterly fuel tax liability. We don't file the IFTA return (that's your CPA or a specialized preparer), but we give them clean, organized data so the filing is accurate and fast.
How do you handle owner-operator settlements?+
Owner-operator settlements come as a gross revenue figure minus deductions (fuel advance, escrow, insurance chargeback, trailer rental, etc.) = net deposit. We record gross revenue as revenue, then expense each deduction category separately so your P&L shows true revenue and true cost — not just the net wire.
Can you handle factoring?+
Yes. Factoring companies advance a percentage of invoice value immediately, hold a reserve, then remit the balance (minus their fee) when the load pays. We record the advance as a partial payment, the reserve as a receivable, and the factoring fee as a financing cost — so your books reflect true load revenue, not just cash received.
What is cost per mile and how do you track it?+
Cost per mile is your total operating expenses divided by total miles driven — broken into categories like fuel, driver pay, maintenance, tires, insurance, and deadhead. It's the most useful management metric in trucking because it lets you evaluate lanes and loads before you accept them. We track it monthly by category so you know where your costs per mile are rising.
How do you handle owner-operators who are 1099 contractors vs W-2 drivers?+
This is one of the highest-risk compliance areas in trucking. We track the classification criteria for each driver, issue 1099-NEC for owner-operators paid $2,000+ by January 31, and run W-2 payroll for employee drivers via Gusto. We flag classification gray areas for your attorney or CPA — the IRS and DOL actively audit trucking companies on misclassification.
Is our data secure?+
Everything lives in QuickBooks Online, Gusto, and Ramp — enterprise-grade platforms with role-scoped access. Credentials are never shared by email and we maintain professional liability insurance.
Can we cancel?+
Month-to-month, 30-day notice. No multi-year contracts. We keep clients because the work is good, not because the paperwork traps them.
Ready when you are

Know your cost per mile and which lanes are actually profitable.

Get your instant estimate, then book a 15-minute call to talk through fit and scope. No pressure, no sales pitch.

  • ✓Free 15-minute call, straight answers
  • ✓Instant estimate available before you ever talk to us
  • ✓For tax or legal questions, talk to your CPA or attorney
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