The ClearValue Trucking Toolkit

Operations, compliance, and cash flow tools for owner-operators and fleets.

How to choose

Start with FMCSA compliance before anything else — ELD and insurance are legally required, and violations can put trucks off the road. Once compliance is covered, choose dispatch and accounting software that generates lender-ready financials. QuickBooks-formatted P&Ls and 12 months of bank statements are what most lenders request.

What to look for

Our picks

ELD & Compliance Software — Motive (formerly KeepTruckin)

FMCSA-registered ELD, AI dash cam, driver scorecard, and IFTA mileage reporting in one platform. The most complete compliance solution for fleets of any size.

Get Motive ELD

Fleet & Dispatch Software — Samsara

Real-time GPS, automated dispatch, HOS logging, and maintenance alerts — all feeding a single operations dashboard. Strong fit for growing fleets replacing disconnected point tools.

See Samsara

Payroll — Gusto

Handles the per-mile reimbursement complexity, multi-state tax filing, and driver 1099 vs W-2 classification that trips up trucking payroll. Automated filings included.

Start with Gusto

Accounting Software — QuickBooks Online

QBO's mileage tracking, expense categorization, and P&L by truck or route gives you the clean financials lenders want when you apply for equipment financing or working capital.

Try QuickBooks

Commercial Truck Insurance — Next Insurance

Instant online quotes for primary liability, physical damage, and cargo coverage. COIs in minutes — required by brokers before your first load.

Get a quote

Some links above are affiliate links. ClearValue Lending may earn a commission at no cost to you. Picks are editorial and independent of compensation.

Frequently asked questions

What ELD devices are FMCSA-registered for commercial trucking?

FMCSA maintains a registered ELD list at fmcsa.dot.gov. Motive (formerly KeepTruckin) and Samsara are among the most widely adopted FMCSA-registered ELD platforms for owner-operators and fleets. Both automatically record HOS, DVIR, and IFTA mileage.

How much commercial truck insurance does an owner-operator need?

FMCSA requires a minimum of $750,000 in primary liability for most freight carriers and $1 million for hazardous materials. Most freight brokers require a certificate of insurance before dispatching a load, and Next Insurance issues COIs in minutes online.

How do I calculate IFTA fuel taxes as an owner-operator?

IFTA requires quarterly fuel tax reports tracking miles driven and fuel purchased in each jurisdiction. TruckingOffice calculates the tax owed or credit due per state automatically. Owner-operators must file with their base jurisdiction; rates vary by state and fuel type each quarter.

What financial records do lenders need for trucking equipment financing?

Most lenders for commercial truck financing require 12 months of business bank statements, 2 years of tax returns, and a profit and loss statement showing revenue by truck or route. QuickBooks Online's mileage tracking and P&L by class features produce exactly this format.

Related guides

The FMCSA's official ELD mandate requirements and registered device list for commercial motor carriers.

FMCSA — ELD Mandate & Compliance