There are four account categories associated with Settlements- Income, Reimbursement, Deduction, and Retained Earnings. The Settlement, a Leased Operator creates in TruckLogics, can have entries from any of the above account categories.
Let's say; the Leased Operator wants to record a new Incentive that's part of the Settlement. A new Income account is to be created. Here's how it is done.
When Settlements are created, transactions against the new income account category will be reported under the chosen Tax Category in the year-end tax report.
Reimbursement and Deduction
Reimbursements and deductions in settlements are associated with Expense accounts. Here's how an expense account is created.
Here's how a new retained earnings account category is created.
Note that transactions towards Retained Earnings in Settlements will not be reported in the year-end tax report.
Since the above accounts are mapped to different tax categories, any amount transaction towards these accounts will automatically reflect in the year-end tax report other than the deductions in Settlements towards Retained Earnings. The year-end tax report can be accessed from the menu Reports.