Essential Tools for Box Truck Owner Operators: Fuel Cards, Factoring, ELD, and More

[@jbtrading1116]

While other box truckers boast about money 💰 bags and shoes 👟, you put out valuable and informative content that makes business sense. Thanks for teaching me

[@BookkeepingExpert]

Genuine honest info!

[@TK-lt9kr]

Zach is the absolute best! I paid to make an appointment with him to go through all my questions and he took over a dozen questions and answered them all quickly and thoroughly. I'd recommend anyone who is serious about getting into the business and want to do it right to schedule some time with him!

[@BookkeepingExpert]

thanks!

[@travisstuckey5018]

Preciate your honesty! I’ve been looking at different videos on pre/post trip and asking different KZbin channels to get different perspectives. You provide good info for people like me who are researching to get in the business!

[@BookkeepingExpert]

Glad it was helpful!

[@bobbybobby6435]

Thanks for the free game, I'm going to school for accounting and saving to start a box truck business with my brother as the driver, you are a big help, you inspire me and keep me motivated, you help me see whats possible, I appreciate it.

[@BookkeepingExpert]

I'm so happy to be helping!

[@irishkustomz6974]

I really appreciate all the advice and tips from a business stand point. I am starting my own company right now and all the advice is easing my stress, so thank you so much. Keep up on the videos this is great knowledge for the new owners.

[@BookkeepingExpert]

I am happy to help!

[@adamstyles]

Thank you for just getting right to facts and details and not talking about your life great information love the videos

[@BookkeepingExpert]

always

[@msrednosepit8434]

Love your transparency! Gonna sign up for your bookkeeping course

[@BookkeepingExpert]

Awesome! Thank you!

[@BookkeepingExpert]

I created a 30-day marketing strategy just for you! Use code 50OFF to get a huge discount. www.harrisburgbookkeeping.com/store/p/30-days-of-social-media-marketing-strategy

[@andresfajardo4535]

Great video! Thank you

[@BookkeepingExpert]

Glad you liked it!

[@willcomplete7427]

Thank you for your videos

[@BookkeepingExpert]

Glad you like them!

[@theodorej.hewingjr.2226]

Thank you.

[@BookkeepingExpert]

You're welcome!

[@JorWol886]

You are a genius sir, I have been learning a lot from your videos and want to thank you for taking time to do this. I hope to talk to you soon.

[@BookkeepingExpert]

I appreciate your support!

[@ayyoubkamalou4393]

Good information. Thanks

[@BookkeepingExpert]

I’m happy you found it useful!

[@prevgoated]

great content this really helped !

[@BookkeepingExpert]

I’m happy it helped!

[@sachaarthurton6451]

always dropping heat

[@BookkeepingExpert]

We are out here helping each other succeed

[@m5hector31]

Great Content 👍

[@BookkeepingExpert]

Thank you!

[@yvonnegtz1100]

Do you have a video on how to post you factory fees/ payment on QBooks? Or how you track you Income / Expenses. Or recommend any help would be great.

[@BookkeepingExpert]

kzbin.info/www/bejne/i2HJamqMYtqGirc

[@PT-jl3is]

Can you get an example of a contract for the driver to protect the business. For example what happens if he crashes the truck being a 1099 contractor or if he gets paid if he leaves the vehicle and quits.

[@BookkeepingExpert]

I recommend going to websites like Rocket Lawyer

[@SDEMEDIA400]

good info

[@BookkeepingExpert]

thanks!

[@Bossturner23]

Hey about to book a consultation with you next week!

[@BookkeepingExpert]

Ok Awesome!

[@IRAKLICHIKHLADZE]

Zach, one question, just one. What happened if you have owner operators leased to your authority?

[@joshuayoung9913]

A lot off ppl do that to age their own authority and they pay the company a percentage of each load for running under them. But I personally wouldn’t do it.

[@BookkeepingExpert]

I would recommend having a lot of paperwork to cover all liability!

[@IRAKLICHIKHLADZE]

@@joshuayoung9913 Josh, how about an independent contractor framework for trucking. What would you say if a 3pl company with authority would operate based on an independent contractor framework?

[@IRAKLICHIKHLADZE]

@@BookkeepingExpert Zach, I would like to discuss with you the format of the trucking business with as diversified as possible liabilities. Would you consider it reasonable to operate the business as a 3PL authority but instead of asset-based trucking turn it to the contract-based operation? Considering the box truck business of course?

[@IRAKLICHIKHLADZE]

Good morning Zach

[@BookkeepingExpert]

Bless you!

[@stagecoachexpressllc1004]

Is QuickBooks online and quick books app the same ?

[@BookkeepingExpert]

Yes, but I never use the app

[@ericramirez6146]

Do u pay your drivers a percentage of the gross or net?

[@BookkeepingExpert]

Pay 18 to 30 % of gross

[@ericramirez6146]

@@BookkeepingExpert ok ty

[@dakotasteed8110]

Thanks for the solid info!!! How much did you pay your brother when he drove? Curious because I will be driving for a friend and not sure what to negotiate. Thanks in advance!

[@BookkeepingExpert]

I pay 55 cents/mile but that is way too much. 45 cents/mile is a much better starting rate to pay a non CDL driver

[@BookkeepingExpert]

I think like 40 cents per mile

[@vanessadunston4953]

When owing a box truck do you have worry about IFTA I think that's what you called it for miles. Or is it just for cdl drivers.

[@BookkeepingExpert]

IFTA is only for CDL

[@waynerogers389]

Do you have a sample contract for 1099 drivers?

[@BookkeepingExpert]

www.harrisburgbookkeeping.com/store

[@jaynecios]

Question, why not purchase a garmin for trucks, instead of buying an ipad and have a monthly subscription?

[@BookkeepingExpert]

My driver uses the ipad for taking pictures, sending BOL and ELD

[@watchmegoGA]

In Quickbooks, is there a special way we track payments for loads that were factored? I feel like I'm missing something.

[@BookkeepingExpert]

kzbin.info/www/bejne/i2HJamqMYtqGirc

[@ladyados]

What are your thoughts about paying a driver 25% after fuel?

[@BookkeepingExpert]

Fuel cost is about 15-25% of revenue so you’ll basically just be paying your driver 25% of 75% which is close to 20% and is on the low end of a fair rate.

[@sheritaluckett2649]

Are your drivers 1099 or W2 employees?

[@BookkeepingExpert]

1099

[@cody.laluyan]

Not all factoring companies are the same. There are myths about factoring that need to be debunked.

[@cody.laluyan]

Not all factors hold a reserve, some companies arent transparent, which is unfortunate

[@BookkeepingExpert]

That's true!

[@premierproperties240]

A new truck for 80k lmao. Not anymore smh. A lot of good info but I'm sad to know that prices jumped 100% in 2 months

[@BookkeepingExpert]

It's expensive for sure

[@premierproperties240]

@@BookkeepingExpert love your videos too. Learning more everyday. Plan to get started next month. I was thinking instead of buying stock buy box trucks and sale them in 6 months for a profit 😄

[@BookkeepingExpert]

@@premierproperties240 I bought my truck in 2021 for $20,000 & I might sell it

[@premierproperties240]

@@BookkeepingExpert of course you know its all about your long term goals. If you want to sell for semi its great idea or just for profits if you want to reduce trucks you have. Easily you can sell for 55k and this is without me know year, make, model and mileage. This goes up to 75k depending on those details

[@fernandomoniz9155]

Good information thanks 👍👍

[@BookkeepingExpert]

thanks!