Accounting for Truckers
Trucking operations tend to run on narrow margins, and so must operate well-designed accounting systems to help them identify and correct problems as quickly as possible. In the Accounting for Truckers course, we describe the general principles of accounting as they apply to trucking operations, identify accounting transactions specific to trucking, demonstrate how to set up a record keeping system, control costs, measure performance, and much more.
Format
PDF Course
Level
Overview
Duration
4 Hours
Course Information
Author: Steven Bragg
Course Number: AC1150
Table of Contents
Chapter 1. General Principles
Chapter 2. Accounting Transactions for Trucking
Chapter 3. Payroll Processing
Chapter 4. Accounting Record Keeping
Chapter 5. How to Organize the Business
Chapter 6. Cost Controls
Chapter 7. Trucker Metrics
Learning Objectives
- Identify how the accounting cycle operates.
- Specify the characteristics of a double entry accounting system.
- Describe how the accrual method of accounting works.
- Identify the accounts typically included in a trucker’s financial statements.
- Specify how a balance sheet is constructed.
- Identify the general account classifications used on a balance sheet.
- Recall the elements of the journal entries used by a trucking business.
- Specify the contents of a payroll register.
- Identify the responsibilities of the parties when payroll is outsourced.
- Specify how to set up a record storage system.
- Specify the rules for dealing with cross-referencing in a filing system.
- Recall the physical storage systems that can be used for record storage.
- Recall the advantages and disadvantages of the different legal structures that a trucking business might use.
- Specify how freight factoring works for a trucking business.
- Identify the coverage provided by a claims-made policy.
- Recall the advantages of using a fuel card.
- Recall the advantages of setting up freight lanes.
- Identify the metrics that can be used to monitor the performance of a trucking business.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: January 2026
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.