Driver Settlement Module:
Our Driver Settlement module, integrated with QuickBooks Pro effectively manages
and tracks pay, advances and expenses for owner operators and lessors. From
this data, it creates consolidated 1099 forms, further reducing the workload
for your accounting personnel.
The module also provides an Actual Revenue Settlement Report, which deducts
advances and expenses from total pay. This report provides your owner operators
and lessors with an organized and comprehensive report of financial results for
the current year. This service can aid in reducing driver turnover.
Before preparing payroll or revenue settlement checks, advances must be settled
by entering all expenses against the advance, as well as posting advances for
which no expense receipts were turned in. This module streamlines this task, as
revenue settlement checks are prepared from your list of outstanding expenses.
The Driver Settlement module contains a variety of report types including:
Driver Settlement Module Benefits:
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Handle cash and fuel advances, entered in manually or imported in from a fuel
card interface
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Customize a comprehensive list of trip reimbursements
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Create a list of deductions or loan payment schedules for your drivers
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Process all entries automatically via the integrated QuickBooks export
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Easily post and settle advances.
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Prepare revenue settlement checks from a list of outstanding expenses.
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Handle pre and post-tax deductions.
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Create and print 1099 and W2 forms.
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Decrease the frequency of driver questions and objections by simplifying the
driver pay process.
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Calculate driver and owner operator pay by mile, percentage of revenue or
free-form.
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Create reports for open invoice, settlement history, payment information and
general ledger entries.
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