Do you actually go through your settlement line by line weekly?

Discussion in 'Ask An Owner Operator' started by C.bailey, Aug 17, 2026.

  1. 86scotty

    86scotty Road Train Member

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    I invoice every load myself like it's a different broker because it's a different broker. About 3-5 a week. Takes me about 2 minutes to re-check rate con, create and email an invoice. Corrections are as quick as a phone call or email.

    Everything in trucking is occasionally a fight.
     
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  3. buzzarddriver

    buzzarddriver Road Train Member

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    Don't worry, them AI Data Centers make checking your paperwork unnecessary.
     
  4. Lennythedriver

    Lennythedriver Road Train Member

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    The way my brain is I keep track of it in my brain throughout the week so when my paycheck hits, I got a pretty good idea and I can usually estimate exactly what it is within a few dollars. At the company I’m at now. There’s never really been a mistake. They always get it right. I still look though just out of habit one thing I know for sure is the company. I’m at now if there was a mistake it would not be purposely done. Yeah, there’s still some companies out there like that.
     
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  5. SlowPokeHauler

    SlowPokeHauler Medium Load Member

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    What about all the miles drivers getting shorted to begin with? Load pays 1260 miles and the actual miles are more like 1300. Most drivers get screwed out of at least a full paycheck a year and times that by the number of drivers working at the company. Bad enough we already work one day a week for the government to pay our taxes.
     
  6. abyliks

    abyliks Road Train Member

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    I never have, nor will I ever, work by the mile, and I wouldn’t hire a guy to drive by the mile either
     
  7. 86scotty

    86scotty Road Train Member

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    :rolleyes:
     
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  8. SlowPokeHauler

    SlowPokeHauler Medium Load Member

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    I’ve heard a lot of argument for percentage pay for OTR drivers. I also can’t figure out when we do get paid by the hour we are OT exempt. That’s a joke.
     
  9. MidwestVanRunner

    MidwestVanRunner Bobtail Member

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    Every week, and it took getting burned once to start. Ours had a "TONU" that was really a detention we were supposed to be paid for, and a fuel surcharge that quietly dropped a tier for three weeks before anyone noticed. Ten minutes on a Saturday morning with coffee, compare the rate con to the settlement, and anything that does not match gets an email the same day. Brokers and carriers fix it fast when you catch it inside a week. After 30 days it becomes a "we will look into it" that never comes back.
     
  10. MidwestVanRunner

    MidwestVanRunner Bobtail Member

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    86scotty, on the time question, for us it is under an hour a week for four vans, and that is only because we stopped doing it in spreadsheets. We use CarrierPad as the TMS, so the rate con, the invoice and the settlement line sit on the same load and the mismatch shows up on its own. For the broker side we keep LoadWrap, mostly to see who paid on time and who we had to chase before we take the next load from them. The fights are rare, maybe one every couple of months, and they get fixed fast when you send the rate con and the settlement line side by side the same week.
     
  11. OMERt9

    OMERt9 Bobtail Member

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    Not a driver — I build tracking spreadsheets, so I only see this from the paperwork side. But the pattern in your first paragraph is the interesting part: the errors people catch months later usually aren't the ones you'd catch by reading the settlement harder. They're the ones you can only catch by comparing it against a second record.

    If the settlement is the only record you keep, you're checking it against memory — and memory loses. A toll from three weeks ago on a lane you actually did run looks perfectly plausible.

    The version that takes about ten minutes a week:

    Pay lines against rate cons. Every load line should match the rate confirmation plus whatever accessorials were approved in writing. This is where the real money is, and it's the check most people skip because the net looked about right.

    Split deductions into recurring and one-off. Insurance, escrow, plate, ELD — same number every week. Anything that moves is a flag. One-offs like tolls, advances and lumpers should each have a receipt or an approval you can point at.

    Track escrow yourself. Your own running balance. That's the one that quietly drifts, and it's the hardest to argue about a year later when you're trying to get it back.

    On the bookkeeper question — worth knowing what they can and can't catch. They'll see the deduction side fine, but unless you're handing them the rate confirmations too, they can't verify the pay lines at all. That half stays yours either way.

    Also worth checking your contract for a dispute window. Some of them cap how far back you can contest a settlement, which turns "I'll get to it eventually" into a real cost.
     
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