I have a new client an Uber driver, I am trying to understand the income statements, I ask the client questions, but he really has no idea what it's all about. I have googled it and also looked at the statements by logging in to the driver portal, but it's not a lot of use providing an explanation. Can anyone who has Uber clients help with an explanation, please?
Below is a typical statement breakdown.
FARE BREAKDOWN Gross Uber ride fares £5,134.38 Split fare £1.20 Tolls £7.00 Miscellaneous £90.00 Airport fee £6.00 Clean Air Fee £314.30 Total £5,552.88 OTHER INCOME BREAKDOWN Miscellaneous £418.00. The question is, is the other miscellaneous income also added to the gross fare or is it already included
OTHER POTENTIAL DEDUCTIONS Uber rides service fee £1,270.41 Clean Air Fee £314.30 On Trip Mileage 3495 km
I know that the Uber fees come off as an expense along with the clean air fee and I would convert the km to miles and claim the mileage as an expense, and surely the tolls and airport fee. Thank you.
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https://help.uber.com/driving-and-delivering/article/why-are-my-earnings...
This is an example of the help section on Uber.
I fear that you may incur considerable time costs comprehending the Uber statements.
Out of interest do they produce a 12 month statement?
Or date range reports.
The mileage or km figure, is that the engaged mileage?
There may be other , allowable,mileage between engagements?
Are you convinced the pence per mile expense route is best?
Of course the client may already be stuck with that until a vehicle change.
The other income is usually referral fees or bonuses paid. We would generally add this to the gross fares.
All those bits and bobs add up to £418.50, and the miscellaneous figure is £418.00. That looks merely like a near coincidence. If the latter was a total of the former, the figures would be the same to the penny. The £418.00 looks very much like the tips figure, considering the size relative to the fares, especially as people nearly always tip in whole pounds.
Hi
I know this post is nearly a year old but thought id try my luck by posting.
My husband is an Uber driver and i do the paperwork side of things. I am also slightly confused with the monthly statements uber provides as it does not balance out with the income he recieved in his bank account. So what i am doing is going through each weekly statement and putting the fare as gross income minus the uber fee and other fees to get net income which is going into his bank. Is this the correct way to go ahead with this?
Many thanks