Good drivers are hard to come by, and just as hard to keep. And the company may need to pay them accurately and promptly to keep them under its rolls.
The manual labor associated with calculating the settlement is hard some and is error prone. The Driver Settlement Software offers an automated solution to this problem – it helps calculate the monetary compensation for the drivers over a period of time, in a readable and professional format. The driver settlement program eliminates the headache associated with going through the various methods in calculating the final payment.
Driver settlement is the next step after driver commission and distribution is created. A variety of information is accessed before calculating the final payment. The truck drivers management software receives accurate trip details from the dispatch module. As the user inputs the pay dates, the driver settlement program finds out the base commission from driver commission section. It then calculates any fixed or variable deduction (accessed from driver setup) and gives the total pay. Taxable and non-taxable pay is accommodated while pay, charge back, and reimbursement information is applied and audited accordingly. If all totals are correct, the operator can print and issue a check for the driver.
The user can issue a driver settlement report that details the line item details of the settlement check. The tool also helps create driver expense reports, advance reports, and payment work sheets, which facilitates the company to keep tab of the settlement transactions. Its flawless export and posting functions ensures that the settlement data is transferred to 3rd party accounting programs, to be used at a later stage of accounting and auditing. For example, driver settlement information is transferred automatically to Payroll for further use.
The Driver settlement program has been designed with seamless integration to work in tandem with other modules in the Professional Trucking Software.
