REVENUE rules contain the split tables that dictate how the revenue (fare, tips, miscellaneous ) is shared between a driver and the company. You can create multiple rules (e.g. for Driver_Contractors_Fare, Driver_Owner_Fare, Driver_Owner_Tips, etc.) and assign them on a driver by driver basis from Add New Driver / Edit Driver panel.
- To create a new REVENUE rule, go to PREFERENCES > REVENUE
- Press on + ADD RULE button on the upper right corner of the widget
- Enter the Name of the rule. This Revenue rule will appear on the Revenue Rules list under this name.
- There are 5 split tables for each Revenue Rule, based on 5 types of payment methods. Each transaction between a driver and a passenger can be one of four kinds: Cash, Mobile (Credit Card App), Credit Card (Terminal), or Corporate. The 5th method - “Other” is reserved for the payments posted into the Driver or Corporate Ledgers by the Owner/Manager/Dispatcher from within the Admin Panel. The payment method is automatically determined for each transaction and the respective split table is applied to the amounts in each category.
- All 5 split tables function exactly the same way.
- Each table has Company and Driver rows that denote which party the field value belongs to.
- Each table also has the same 3 columns: Collected, Retained, and Flat Comp
- Collected - which party collected the money and what share of it.
e.g. Cash is primarily collected by the driver in the car ( while Corporate is collected by the Company). So, in the Collected column of the Cash table, Driver would have 100% and Company would have 0%;
- Retained - which party should end up with the money and with what share of it.
e.g. If the passenger paid $10 to the Driver with Cash, but the Driver can keep only 20% of it per his/her employment contract, then it would mean that the Driver is Retaining 20% while the Company is Retaining 80%.
- Flat Comp - a flat compensation amount is debited to the driver’s or the company’s balances after the ride depending on the respective values of Flat Comp column fields and the payment method of that ride. Some fleets have agreements with their drivers that they pay them a flat fee per ride for certain type of rides instead (or in addition of) of the revenue share (e.g. Corporate Account rides). In most of the cases though, you would put 0 for both the driver and the company in this column.
- Once done, press on the SAVE button to add the Revenue Rule.