CDL Minded Accounting Audiobook is Now Available on Audible and Free Action plan Workbook is included with the Audiobook.
CDL Minded Accounting: Avoid the headaches of managing your business finances by following this effortless approach for your CDL Trucking Business. From getting registered your business, all about taxes, and preparing for the future such as emergency funds, insurance, and many more are tackled in this book. This book explains CDL, a specific kind of license that lets drivers operate trucks, cargo vans, buses, and other commercial vehicles. Like regular licenses, they're issued by the Department of Motor Vehicles (DMV).
Even if you are not a CPA you will understand the whole intention of this book. It is well written and all the tips and advice will be useful if you are planning to build your own CDL business.
This book pays for itself a thousand fold. I wish I had read it before starting my business. “Many make the mistake of assuming the accountant they hire will take care of all the financials for them” - just one mistake I made early on that can be avoided by taking a read of this quick guide to business startup with a focus on the transportation industry. Also includes P&Ls/Cash Flow/record keeping advice which I’m now using for my business. Will probably be reading it again soon.
If you can get a copy of this book, perhaps from a friend who purchased it, it's well worth reading even if you're NOT in the trucking business. (I read it because a character in a book I wrote has a family trucking company and I was interested to know about that life.)
Surprise, surprise— what I read was a clear, well-organized and inspiring how-to guide to financial literacy for business owners. I say "inspiring" because it makes me want to roll up my sleeves and apply its principles to my own business.
That said, this isn't JUST a general book, but does include specific details and strategies related to the trucking field. It isn't overly long or involved, doesn't use unintelligible jargon, and is not boring. Great stuff!
I’m a retired MBA accountant who operated his own accounting, tax, and payroll franchise (Padgett Business Services) for over 20 years. I was also licensed as an Enrolled Agent by the United States Treasury.
I’m impressed with the simplicity in which the author presents complex information. He thoughtfully selected important subject points and then carefully explained the importance of each subject. He made each point without coming across as if he were talking down to the reader.
If I offered a bit of criticism, it would be when he recommends only CPAs for accounting and tax help. CPAs are highly educated, and their licensing requirements help weed out most of the ‘bad’ apples. There is, however, another group, Enrolled Agents (“EA”), who should also be recommended. Their licensing is a comprehensive test covering the details of Federal taxation and ethics. In my time as an EA, I had many clients who were CPAs. Why? Because the CPA licensing test includes only one section on taxation, while the EA exam is ALL taxation with a single section on ethics. In short, simply holding a CPA designation doesn’t guarantee the individual has the needed tax knowledge. I’m not arguing that EAs are “better” than CPAs. I’m suggesting CPAs and EAs should both be trusted tax and business consultants.
This book lays it all out there perfectly clear as in how to exactly keep your books and crunch the numbers and assorted financial issues that may arise in a trucking business. Very crucial information for this booming market what with the shortage of trucks and truckers in the U.S. especially now. Good job!
What I love about this book is that it teaches step-by-step techniques to get your finances running like a well-oiled machine. As the author points out, 85% of new trucking companies fail to reach their second year, partly due to problems with managing costs. The title of the book says exactly what you're going to get. What you see is what you get: CDL Minded Accounting: The Clutter Proof System to Controlling your Finances in your Transportation and Trucking Business!!
This book is a must read for anyone starting a trucking business. The author says only 15% of these businesses are successful. Poor accounting practices, the failure to anticipate costs, expenses, and losses is why most companies don't make it past the first year. This is why establishing an LLC is so important. This book also describes the licenses and permits truckers need from the federal government and each state
This book is jam-packed with ways to get prepared for business and keep up on the financial end. I like how it emphasizes that understanding the commercial driver's license (CDL) industry, along with smart fiscal moves will give you a leg up over your competitors. It simplifies all aspects of what running a business entails using easy directions about paperwork organization, recordkeeping, and information management. Recommended!!