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Released April 2011, ProfitGauges is the simplest yet most efficient accounting program for your trucking business.

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How to add a settlement for 2019 with 2018 expenses

How do you add a settlement that was paid in Jan 2019 but the expenses were all in De 2018?

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2 Answers

Hi Thomas,

You will enter the settlement on that date that you got paid, not on the day that you had all of the expenses.

Hope this helps :)

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If you got paid in January 2019, even though the earnings and expenses were for December 2018 of the previous year, you enter this income and expenses for 2019.

If you don’t like that, tell your company, going forward, you want to be settled before Dec 31. Most likely they will give you a cut off date and the last week or two will be paid/settled the following year.

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Thomas will be eternally grateful.
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