Transportation

Transportation companies are confronted with great risk without careful financial reporting and forecasting despite challenging labor issues, environmental matters, complex regulations and security concerns.

We work hand in hand with you to focus on all the different aspects of your business to increase your profits. We have the technical expertise and experience to guide you through processes and make it easy to track, report and roll the money to the bank.

Transportation Industry Services:

Financial statements: audits, reviews, compilations
Strategic planning and management advisory services
Development and tracking key performance indicators
Employee benefit services
Evaluation of internal controls
Financial forecasts and projections
Strategic planning
Tax planning and consulting
Bookkeeping assistance in accordance with GAAP
Internal statements for management on a timely basis
Asset management
Analytical ratio analysis for management
Assistance in compliance with regulatory agencies
Succession planning
Buying and selling a business

Call us today at 360.210.5100 and lets talk about your transportation business and how we can help achieve your financial goals.

Client Success

Industries involving trucking, freight, or transportation deal with unique, unexpected problems on a daily basis, and quick solutions must be implemented on the spot to avoid shortcomings in meeting customers’ demands. CPA’s at Barrett and Co. work with you so that you can utilize financial records accurately and effectively in order to make prompt and wise decisions.

Solution:

One of our clients in the refrigerated trucking business, expressed concern with feeling a lack of control in being able to manipulate their financial information in order to efficiently make decisions. As they continued to haul their goods up and down the I-5 corridor from Canada to San Diego, we helped them strengthen their accounting records, and improve their understanding of their transportation costs by reviewing accurate interim financials on a monthly basis. We coached our client to view their business on a per mile basis, and as a result we were able to scrutinize the costs that were out of line and help our client track cost savings associated with technological innovations.

With a better grasp on their financial information, our client now outperforms other competitors in their industry year-after-year. They are more proactive and can immediately pin-point the areas where the business is not performing well, and they are aware of how they are performing relative to other competitors in their industry. Rather than feeling like they have no control at all, our client now knows exactly what they can and cannot control.

In their words:

“There’s a lot that goes on in our industry that’s out of our hands. Something is always broken, busted or needs to be repaired and the price of fuel is constantly fluctuating. By reviewing our financial statements with our CPA’s at Barrett and Co., we were able to feel a sense of control and see areas that our business was spending too much in costs and identify customer relationships that were hurting rather than helping our business. Through visual charts and graphs, we immediately had a better understanding of our financial information and how we measure up to other competitors in the industry.”

Darrell S

“Clients who have financial information developed by Barrett and Company have an advantage over their competition. They command the respect deserving of their company by creditors and others in the financial world recognizing that their information is true and accurate. I often hear that Barrett and Company has saved them tens of thousands of dollars in taxes and in creating efficiencies in the accounting function.”

“Barrett and Company is one of the best things going for our business. The guidance we have received drives home the importance of having quality professional services. The perspective offered is anything but a typical accounting firm. The proof is in the results. Quality, satisfied clients.”

“They consistently deliver high quality products and solutions for our business.”

“They have the utmost integrity and respect for what they do and treat their clients fairly and honestly.”

4910 NW Camas Meadows Drive, Suite 100 | Camas, WA 98607 360.210.5100 | 503.253.5902

Barrett & Co provides custom CPA services, tax planning and business advisory services to Clark County and the Greater Portland Metropolitan area.