This way you will not only know what is where when you need it but you will also save and protect yourself from troubles and finds in case a IRS knocks on your door one day.
Source: www.shopclues.com
5. Be Careful About Drivers Deductions – It Is Easy to Forget About Them
You or the person that is responsible for handling the accounting in your organization such as payroll, human resources, banking and legal issues, should pay a good attention to one other thing that is often overlooked, and that is the deductions that your drivers have.
Source: www.aberstar.ca
It’s quite easy when we are speaking about ten- twenty people that you need to keep truck of but when that number double, triple and multiply ten times you can very easily lose a truck of every single deduction that one of your drivers might have, and much less all 100 + of them.
In this case I recommend you good accounting software that will do the job for you.
6. Pay Attention to Fuel Charges and Control Them
Remember, it is always better to be safe than sorry, even if you feel your can trust your employees. Different companies have a variety of ways to track fuel usage and misuse. Some use a reimbursement, drivers turn over receipts for payment.
