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How to account for escrow deposit amount

Permanently deleted user
Permanently deleted user
  • Updated

When accounts go to the settlement of the driver salary, they can notice the balance of the driver.

 

 

screenshot of batches page from our website

It may include Escrow balance. To include another escrow amount, please include it in the driver balance section with positive amount and the escrow amount to be deducted from the salary and is added to the balance of the driver:

 

screenshot of salary batches page from our website

It will appear in the statement as follows:

 

screenshot of earnings document

One can check these amounts from driver profile and accounting tab, and driver balance section, by looking at escrow transactions as well:

 

screenshot of transactions list from our website

 

Now, when the driver is leaving, accounting team needs to add escrow with negative balance to balance the outstanding remaining deposit to null and the statement is corrected afterwards:

 

screenshot of updated batches page from our website

The statement looks as follows:

 

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and the driver balance also becomes zero and driver can be released.

 

screenshot of balances tab from our website

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