Uber Bookkeeping and Accounting Made Simple
You are a pro at a lot of things, reading traffic and keeping your rating up during a surge. Bookkeeping is a different skill, and it does not need to be yours. Three questions come up with almost every driver we talk to. How much of that 1099-K did you actually keep? Do you owe the IRS quarterly? What happens to your books once Lyft or DoorDash joins the mix? We answer all three.
- Serving businesses since
- 2006Serving businesses since
- Businesses served
- 5000+Businesses served
- on Google
- 4.4/5on Google
- Industries served
- 15+Industries served
The Problem
How much of that 1099-K did you actually keep?
Uber's 1099-K reports gross fares, including Uber's own fees, commission, and any tolls it collected, none of which you actually kept.
Do you owe the IRS quarterly?
Nothing is withheld from your Uber payouts, so the 15.3% self-employment tax surprises a lot of first-year drivers.
What happens when Lyft or DoorDash joins the mix?
Uber is rarely the only app on a driver's phone. We know this and have dealt with this.
What You Get
01
We Speak Uber
We work with rideshare drivers every week, so we already know a 1099-K from a 1099-NEC before you finish explaining your question.
02
We Untangle the 1099-K
Your 1099-K includes Uber's own fees, tolls, and commission, money you never received. We separate what you kept from what you never saw.
03
We Know the Deduction Playbook
Tolls, parking, car washes, your phone plan, a dashcam, floor mats, we catch the deductions drivers usually miss.
04
Multi-App Ready
Driving for more than one platform does not multiply your bookkeeping headache. We combine every app into one reconciled set of books.
What We Deliver
Book a MeetingIncome and Expense Tracking
Every fare, tip, toll, and Uber fee gets categorized against your bank and card statements each month.
Monthly
Mileage Tracking
GPS-verified mileage logs, plus a one-time choice between the standard mileage rate and actual vehicle expenses, whichever saves more.
Ongoing
1099-K and 1099-NEC Reconciliation
Uber sends a 1099-K for rider payments and a 1099-NEC for bonuses. We reconcile both against your deposits so you report what you actually earned.
Annual
Quarterly Estimated Taxes
Nothing is withheld from your payouts, so we calculate what you owe each quarter and file your Form 1040-ES on time.
Quarterly
Schedule C Tax Preparation
Your rideshare income gets filed on a Schedule C, with every deduction you qualify for built in from the start.
Annual
Multi-App Bookkeeping
Drive for Lyft, DoorDash, Instacart, or Amazon Flex too? We track each platform separately, then combine them into one clean set of books.
Ongoing
Entity Guidance
Sole proprietor or LLC? We show you whether forming an entity actually lowers your tax bill at your income level.
As needed
How It Works
Pull Your Earnings
We pull your weekly and annual Uber summaries and reconcile them against your deposits and 1099s.
Combine Every App
Drive for Lyft, DoorDash, Instacart, or Amazon Flex too? We track each platform separately, then combine them into one clean set of books.
Categorize and Track Miles
Every fare, tip, toll, and Uber fee gets categorized against your bank and card statements each month, with GPS-verified mileage logs.
Estimate and File
Nothing is withheld from your payouts, so we calculate what you owe each quarter and file your Form 1040-ES on time, then your Schedule C.
Software We Work In
What our 5000+ clients say about Monily
Why partner with Monily
Accounting, tax and CFO support under one roof, from a team that has done this since 2006.
Experts on Your Books
- Certified accountants and QuickBooks Elite ProAdvisors
- A dedicated success manager who knows your account
- Teams across the US, Canada, the UK, the UAE and Pakistan
- Questions answered by people, usually the same day
Built to Grow With You
- Monthly financials delivered on schedule
- Bookkeeping, tax, payroll and CFO support in one place
- Works in the tools you already use
“We have been highly satisfied with Monily's services over the years. Your team's professionalism, accuracy, and proactive approach have been invaluable. Monily has directly contributed to our operational efficiency and informed our strategic decisions. We value our relationship with Monily and look forward to our continued partnership.”
01 — 03
Pricing and what moves it
It depends on your trip volume and how many platforms you drive for. Book a free consultation for an exact rate.
Frequently
Asked Questions
Book a MeetingUber Driver Bookkeeping, Explained
Most of what costs Uber drivers money at tax time is not a missing receipt, it is a handful of details that rarely get explained clearly.
The biggest decision you will make is whether to claim the standard mileage rate or your actual vehicle expenses, gas, insurance, depreciation, and repairs. The choice is partly locked in during your vehicle's first year of business use, and it is usually worth thousands either way.
Uber's 1099-K reports gross fares, including Uber's own fees, commission, and any tolls it collected, none of which you actually kept. Drivers who report that figure as-is pay tax on money they never received. We reconcile it against your deposits so that never happens.
Miles between drop-offs and pickups, or toward a busier zone, are deductible business miles even without a passenger. Miles from home to your first fare are commuting miles, and those are not deductible.
Nothing is withheld from your Uber payouts, so the 15.3% self-employment tax surprises a lot of first-year drivers. We build it into your quarterly estimate so it is never an April surprise.
- Tolls
- Parking
- Car washes
- Your phone and data plan
- A dashcam
- Floor mats and seat covers
- Uber's own service fees
Most drivers also qualify for the 20% qualified business income deduction. Full-time owner-drivers may have depreciation or Section 179 options worth exploring, and multi-state drivers get their fares tracked by state.
Stop Guessing What You Owe
Send us your last 1099-K and we will show you, free, what it is actually telling you before you file anything. Know More, Grow More with Monily.
Schedule a free consultation with our C-level experts today.
Know More. Grow More.