Nothing is more important then keeping track of what you have done. A forgotten advance, weekly deduction or load can affect your pay. It is your job as a flatbed business owner operator to keep up with everything you do each day. Attached to this newsletter, as well as on the Malone Load Board, you will find a weekly financial balance sheet.
Please feel free to make copies and use this sheet to keep up with your daily and weekly activity.
At the top of the sheet you will be able to keep up with each load you move during that week. There is space to enter up to six loads per week.
Under “LOADS” enter both the shipper city and state as well as the consignee’s city and state, for example, Bir AL to Dal TX. Then enter the date you loaded, CRST load #, gross linehaul rate, net rate (your % of the linehaul), fuel surcharge rate, advance amount taken on the load, as well as any extra advances on the load – if needed, and the number of loaded miles and then total each column below.
Enter your total truck pay or net and add your fuel surcharge to get your total. Next, subtract your advances, as well as any extra advances if applicable, to get your total net pay per load.
You have two types of deductions: CRST deductions and home deductions, or obligations. List the weekly deductions with CRST on the left side and total at the bottom. Take your Total Net from the top of the sheet and subtract your CRST deductions to get your Total Home Pay.
Once this is completed, list your home obligations – most of these are due monthly. Divide each monthly home obligation and divide by four, and put this down as your weekly amount.
Total your Home column and subtract from your total home pay. The amount remaining is the amount you’re left with after your expenses and your weekly financial obligations are met.
If you need any additional information about the balance sheet or would like the computer version sent to you, please contact your Fleet Manager.
by the Birmingham Operations Team