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Outsourced Accounting and Fractional CFO for Transportation Companies

Cost per mile you can price against, a capitalization policy that holds up, and settlements that reconcile.

Who this covers
Trucking and freight, Logistics and brokerage, Last mile and delivery, Fleet services, Marine and rail
Industry accounting and CFO services

Every pricing decision in transportation depends on cost per mile, and cost per mile depends on allocating fuel, driver, maintenance, and equipment cost correctly. Most operators are working from a number that was accurate two years ago.

We run the accounting and CFO function for carriers, brokers, and fleet operators where a few cents per mile decides the year.

Where it breaks

What usually goes wrong

Cost per mile that's stale or missing

Without fuel, driver, maintenance, and equipment cost allocated per mile and per load, lane pricing is guesswork and the unprofitable lanes stay unprofitable.

Fleet capitalization done inconsistently

Tractors, trailers, and major repairs sit between capex and expense. Handled inconsistently, both earnings and taxable income get distorted.

Fuel tax and per diem compliance

Multi-state fuel tax reporting and driver per diem carry substantiation requirements and cash consequences that accumulate.

Settlements nobody can reconcile

Owner-operator settlements, accessorials, detention, and fuel surcharges make revenue per load hard to pin down.

Our approach

How we run this finance function

We build cost per mile and per load with fuel, driver, maintenance, and equipment cost allocated properly, apply a documented capitalization policy across the fleet, and reconcile settlements so revenue per load is a number you can price against.

Cherry Hill accounting and CFO support
What is in scope

Accounting and CFO scope

Cost per mile and per load modeling

By lane, by unit, by customer.

Fleet capitalization and depreciation

A written policy applied consistently.

IFTA and multi-state fuel tax support

Data discipline and filing coordination.

Settlement reconciliation

Owner-operator and driver pay tied to loads.

Equipment financing and cash forecasting

Refresh cycles modeled before commitment.

Systems we work in
QuickBooks Online, TMS platforms, Fuel card systems, Ramp
What we report on
Cost per mile, Revenue per loaded mile, Empty mile percentage, Maintenance cost per unit, Driver turnover cost
Tax and structure

Depreciation, per diem, and classification

Fleet purchases carry significant Section 179 and bonus depreciation opportunity, and the timing decision is worth modeling against projected income. Per diem substantiation rules affect both driver taxation and company deductions. IFTA and state fuel tax filings run separately from income tax. Independent contractor classification for owner-operators remains an active audit area at both federal and state level.

General information, not advice for your specific situation.
When companies bring us in
Fleet past twenty units, Operating in more than five states, Cost per mile is unknown or stale, An equipment refresh or financing is planned, Owner-operator classification has been questioned
Common questions

Questions we get asked

Do you handle IFTA filings?

We support the reporting and reconciliation and coordinate the filings. The data discipline behind them is the hard part.

Can you tell us cost per mile by lane?

Yes, once fuel, driver, and maintenance cost are allocated properly. It usually reprices at least a few lanes.

How do you treat major repairs?

Against a documented capitalization policy — betterments capitalized, routine maintenance expensed — applied consistently so both earnings and taxes hold up.

Let us talk about your finance function

Tell us where you are today. We will follow up within one business day with a view on what is worth fixing first.

Get a free consultation