TRANSPORT AND LOGISTICS
The transport services business is highly dynamic and global, involving the movement of goods or passengers by different modes of transport (road, rail, sea, air or multimodal).
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ACCOUNTING FOR TRANSPORT AND LOGISTICS COMPANIES
A transport company’s operations depend on careful logistics planning – efficient routing, optimum use of the fleet, and constant monitoring of drivers’ working and resting hours are essential to save costs and ensure a quality service.
Controlling and managing fuel, road taxes, payroll, customs clearance and other costs is an important part of this business. Thus, bookkeeping in a transport company requires not only standard accounting knowledge, but also an understanding of the specific processes and legislation in the transport sector.
We have been providing accounting services to transport service companies for over a decade, so we offer quality transport company accounting, help with correct driver recruitment and payroll, consult on detailed cost accounting and tax optimisation, and prepare the necessary analytical information.
Detailed accounting and analysis of fuel costs
Correct accounting by our expert accountants allows you to see how much fuel is being used per route, vehicle or driver, and to make decisions on route optimisation or driver training.
Accounting for business trips by drivers
Accountants ensure that daily subsistence allowances are correctly calculated and paid in accordance with the regulations of the different countries, and check that all travel expenses are documented and within the limits set.
Payroll accounting
Drivers’ pay is often based on kilometres driven, number of working days on a business trip or other indicators, which makes the calculation of pay more complex than usual (total time attendance). Our experienced accountants can advise you on all payroll and tax issues.
Vehicle accounting
Accountants keep correct records of vehicle depreciation, which allows them to assess the real value of assets and plan the need for new investments. Expenditure on vehicle repairs is also controlled.
Accounting for advances
In transport service companies, it is very common for drivers to receive advances – for travel costs (fuel, tolls, accommodation, etc.), daily subsistence allowances, and contingencies for long journeys. Our experienced accountants keep detailed records of the advances per employee and control the documents supporting the expenses incurred.
Control of financial indicators
Our accountants provide the company’s CEO or other decision-makers with the information they need to make informed business decisions by keeping detailed records of payroll costs, advances and other costs.
Accounting experts in the transport business thus become a financial partner, contributing to cost control and improving the overall efficiency of the company.
Modern transport companies are increasingly investing in digitalisation and technologies that allow them to automate processes, monitor vehicles in real time and optimise operations for greater efficiency and customer satisfaction. Our accounting specialists are always looking for opportunities to contribute to the automation and optimisation of company processes, helping to organise possible interfaces between the applications and/or systems used by the client and the accounting software.