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How To Audit Driver Log Books

Educational Board game about the job market.

I played this board game in high-school and have been wondering what it was ever sinceYour character is a little mouse, and you have to go around this circle and you get a job, and you can buy real estate and stocks and such, then once you get enough income, you can move into the “fast track” and...

Cashflow 101Cashflow 101 is a serious game designed by investor, businessman, and self-help author Robert Kiyosaki to serve as a tool for learning basic financial strategies and accounting principles. Cashflow 101 is the first of several games created by Kiyosaki to reinforce the information in his books.The board has two tracks: A “Rat Race” small circle where you only roll one die to advance, and a “Fast Track” where you roll two dice to advance. In the Rat Race you get paid for passing your Paycheck space, and then draw from one of four decks of cards depending on which space you’ve landed. Some of the deals are good, others are bad. Your main problem here is a shortage of cash. In the Fast Track your main problem is an excess of cash and finding investments to sink it into before you lose it to lawsuits, divorce or tax audits.The heart of the game though are the player sheets where players learn how to fill out a financial statement. Players choose from a variety of starting careers (Truck Driver, Mechanic, Lawyer, Airline Pilot, etc.) and fill out their financial sheets appropriately. As they land cards and invest in different deals they dutifully log each change to their financial sheets as well. After a few games most people end up using the same financial sheets to fill out their own personal information.With each card event the drawing player may buy at that price, but all players may sell at that price. Also, players may make co-investments with the drawing player or even buy the deal from him if they agree. Player deals are encouraged.The game with few players is heavily biased towards real estate. With 5-6 players the cards are being drawn fast enough that the part time businesses pay off as well.

Truck Driving for a Beginner.

So, I am a kid nearly a year out of high school, and working a dead-end, minimum wage job. I’ve been looking at various jobs that could support me financially so that I can move out of my parents’ house. There’s no way I could make it through college. I’m sorry, I just cannot go back to school. One…

I am an owner operator with 7 years experience, currently earning 81% of each load I haul (avg $1.48 per mile to my truck).First off, you don’t need to have any mechanical knowledge, so don’t worry about that. Most companies have their own shops, or will have a network of repair shops they deal with across the country. You might need to change a light bulb every now and then or tighten a bolt, but thats about it.Secondly, you will need to wait until you are 21 years old. Some companies won’t hire anyone under 23 years old because of insurance restrictions.Personally, I started by going to a driving school. The school I attended (U.S. Truck Driving School) worked with the big trucking companies, and I was pre-hired before I even started school. As long as you don’t have a terrible driving record and/or major criminal record, you will get hired. The trucking industry is hurting for new drivers, so use that to your advantage.A good school will teach you everything you need to know, and I think 3-4 weeks is enough time to get the basics down. My school was 3 weeks long. The first week, we studied what we would need to know to pass the written test and get our driving permit. The second week was spent driving around the city and hitting the interstate. The third week, we practiced straight-line backing, parallel parking and docking.The first company I worked for paid my student loan payments as long as I worked for them. My experience with them (and probably the same at all large companies) is that you are just a number. You can never count on being home when you want, the money is crap (even after the initial training period) and you will be treated like a human being only when they need a favor from you. Of course, there are better companies, but that was MY initial treatment when I first started. Unfortunately, I think that as a beginning professional driver, it is almost a prerequisite that you work at one of these companies, because they will hire a newbie, and you can get your 1 year experience. Once you have that initial experience (and a clean record), you can get hired almost anywhere.Ultimately, the way to go is to get your own authority and work completely independent. I am not there yet. The way I work it, I pay 5% to a small trucking company to use their authority. This company handles my log book audits, drug tests, licensing and fuel taxes. I then broker my loads through a much larger trucking company. That company takes 15%, but for that 15%, I use their trailers, which they maintain. I get the advantage of their huge customer base, they find my loads, handle all the customer service and deal with collecting payments. All I need to do is pickup and deliver on time, handle my own truck maintenance and I have both an accountant and an attorney to help with business matters.Check www.smarttrucker.com for some good information on how to do it right.BTW, big companies will push their lease-purchase programs. Never, ever sign up for a lease-purchase program! These programs are set up to benefit the company, not you! It costs much less to run owner operators than a company driver because they don’t have to pay for the truck, insurance, workers comp, etc. If you’re going to be an owner operator, find a cheap used truck and go that way. My first truck cost me $19000 and I had it paid off in 19 months. Any questions, write [email protected]

How do you play Cash Flow.

I would like to find out how to play this gameand hints/clues for doing better at this…. THANKS!!

Cashflow 101 is a serious game designed by investor, businessman, and self-help author Robert Kiyosaki to serve as a tool for learning basic financial strategies and accounting principles. Cashflow 101 is the first of several games created by Kiyosaki to reinforce the information in his books.The board has two tracks: A “Rat Race” small circle where you only roll one die to advance, and a “Fast Track” where you roll two dice to advance. In the Rat Race you get paid for passing your Paycheck space, and then draw from one of four decks of cards depending on which space you’ve landed. Some of the deals are good, others are bad. Your main problem here is a shortage of cash. In the Fast Track your main problem is an excess of cash and finding investments to sink it into before you lose it to lawsuits, divorce or tax audits.The heart of the game though are the player sheets where players learn how to fill out a financial statement. Players choose from a variety of starting careers (Truck Driver, Mechanic, Lawyer, Airline Pilot, etc.) and fill out their financial sheets appropriately. As they land cards and invest in different deals they dutifully log each change to their financial sheets as well. After a few games most people end up using the same financial sheets to fill out their own personal information.With each card event the drawing player may buy at that price, but all players may sell at that price. Also, players may make co-investments with the drawing player or even buy the deal from him if they agree. Player deals are encouraged.The game with few players is heavily biased towards real estate. With 5-6 players the cards are being drawn fast enough that the part time businesses pay off as well.

I was asked to fill out a IFTA quarterly fuel tax return and have NEVER filled out a tax return of any sort…

ANYONE have any good info for a dummy trying to figure this out??? I dont get it AT ALL…but id like to impress my boss!

read the directions – you will need to know how many miles the vehicle(s) drove for the time period and how many gallons of fuel they used – if your company uses fuel cards, you will need those monthly statements, otherwise you will need access to gas receipts from every one.Technically – all the drivers should be keeping a log book and you will collect the pages from everyone each qtrif ALL your fuel is purchased at retail gas stations, then you will not owe any tax, you just need to fill out accurate usage info – you WILL get audited at some point by the state – look at past reports to see what documents they used to fill out the report in the past

How many times, in a 24 hour period, can a truck driver go into off duty status in his/her logbook.

The maximum amount of time you can DRIVE in a day is 11 hours, then you have to take at least 10 hours off before you can drive again. You can be on duty for UP TO 14 hours. HOWEVER…the hours that you have available to you for that day are based on how many hours you had 8 days before (on duty time + drive time = total hours). For example, today is Tuesday, May 27th. Eight days before on Monday, May 19th, you had 7 hours. So, today you have UP TO 7 hours total (on-duty + drive time), but NOT OVER 7 hours. Let’s say you only use 5 hours. Those remaining two hours will roll over to the next day, NOT to exceed 14 hours total on duty (11 hours driving).When you go to pick-up or drop-off a load (assuming that it’s no-touch), after you stop, you have to log at least 15 minutes still on-duty before you can log yourself as off-duty while getting loaded/unloaded. That also applies to when you’re scaling.As far as making the times match up with the logbook, the logbook times are logged in 15 minute increments. After 7 minutes, you round up to the next 15-minute block. I’m not exactly sure why there’s an issue with the fuel tickets matching the logbook. Maybe he had a crappy teacher in driving school that didn’t properly explain it? Fuel stops are logged as on-duty, and if he’s filling out the fuel ticket, it’s going to ask for the time, gallons, etc. which should match with the time in his logbook since it usually takes about 15 minutes to fill up (unless there’s a line). So, he should still fall within that 15-minute block of time under normal circumstances.The time it takes to travel between two points that are logged and flagged is divided by the miles that are logged at the end of the day. If your average speed is way less than the time logged (miles divided by time) then you have an error in your log. For example, if you logged that you traveled 1000 miles in ten hours then you travelled at an average speed of 100 miles an hour, which means you were likely trying to imitate Jerry Reed from “Smokey and the Bandit.” 🙂 Or, it means you made a mistake in either your miles or time. If your miles per hour are above XX (whatever the standard is for your company or your average speed from previous logs is, OR if it’s just some ridiculous number), you will possibly be audited.I hope all of this makes sense. I tried to explain it as easily as possible. My boyfriend drives for Swift and it took me FOREVER to figure out how all this works. I listed a link below in the source list. It’s a book that comes highly recommended by my boyfriend – the JJ Keller FMCSR Pocketbook. Might come in handy to have on the truck. Hope all this helps at least a little!

Audit of year-end inventory cutoff…missing invoices.

How should you procede when during the audit of the year-end inventory cutoff procedures the client cannot locate some of the invoices?

Try to locate alternative evidence, like delivery notes acknowledged by customers; van drivers’ log books to see which customers they’ve recently delivered goods to. Also, use other procedures like analytical procedures (e.g. compare GP ratio for this year and last year).

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13 thoughts on “How To Audit Driver Log Books

  1. Ifta Quarterly Report

  2. Looks like 11 hours on and 10 hours off, but check it out for yourself –

  3. You do not need to be a mechanic to drive a truck. Driving a truck isn’t terribly difficult, it’s just driving a large vehicle. You need to learn how to drive one though as there are many differences between trucks and cars. Most State today require a commercial drivers license (CDL). There are different classes of CDLs that allow different types of vehicles to be driven. A basic CDL usually is just for regular vehicles, cabs or limos. Then there are different levels. The top one being for a tractor trailer. There are also different endorsements for hazardous materials (HAZMAT), and passenger buses. The State and vehicle you want to drive would determine what type of license or endorsements you need. Some facilities will train you to get your license. I got trained to drive a school bus by a school district. They took me out driving and took me to a rode test as well. Many smaller trucks do not require a CDL. There are schools that will train you and take you to your drivers test as well. They’re not cheap (what is these days?) but many can get you inexpensive financial aid (student loans).

  4. I am also new to Ifta. I have all the records but can’t find the form anywhere. I have looked at past returns and don’t see anything. Also, do I need to average my fuel for each truck or as a whole. The lady who did it before does not seem eager to help and never comes into the office. She has always filed them late. I am trying to get them filed on time.

  5. Boink. The first ting to do is check your local driving schools. They can be costly, but is your best way to go about getting your licence. Do you know anyone who drives one? Maybe they can help you with the mechanical end. You need to know alot of little things, how to make small repairs, etc. But for the most part , this is a trade you will learn over time. So check out you schools, they will help with all you need to know to get started. And remember it is not as easy as it appears. Good luck to you.

  6. I wouldn’t advise it, it’s better to use a dark colored erasable ink pen.

  7. I would get online and look for some jobs in your area. http://www.indeed.com is a fantastic website for job searching. It searchs all the other online job listings in your area. If you’re short of funds now, try to find a good company that might be willing to train you.

  8. Good luck.

  9. Over the road tractor trailer driving can pay pretty well but is hard work. Be prepared to spending days or weeks on the road, sometimes only getting to sleep in you vehicle.

  10. I can’t seem to find a form in the previous years returns to follow either.

  11. any time he is in his bunk or not responsible for truck or load

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