A lot of people who drive trucks in the states own them. Driving your own truck is a great thing especially because there are so many perks you will get to enjoy in the end. The benefits can only come by if the truck driver does not through away the paystubs. Many truck drivers will not keep records of the amount of money they have been paid by the clients because they think it is costly and time consuming but they only need to make an effort to understand the process because it is never that complicated. A lot of lenders will ask for a proof of payment before they give you any money and this can be tricky for truck drivers but with the paystubs it is will be enough as a proof of income.Depending on the amount you are getting from the services you are rendering, this can be enough for you to get business credit, auto loan or even a mortgage. In addition, the pay stubs will be needed when you are making a profit and loss statement which will be needed by the bank when you are applying for loans. Some lenders will not give you a lot of issue if you use your bank statement to apply for a loan. You only stand a chance of getting the loan if the bank statement you have submitted is correct. If you want to be sure that the bank statement you are submitting to the lender is correct, you will have to compare the figures with what is indicated on your paystub.
It is not just employed people who have to file taxes but even self-employed individuals like truck drivers and you cannot whip out figures out of thin air. Even banks will require your business tax documents when you are requesting for business credit which means you cannot bury your head in the sand when it comes to tax preparation. When you submit your tax documents to the financial institution, there will be a clear picture of your business value because the lenders are assured that the amount you have indicated as your income bracket, the loss value and even the assets you own will not be misleading. You should happy about this because while other people are struggling to file their taxes you will be done in just a few hours if not minutes. There are other credit sources as well like social security, life insurance and pension and they all require you to submit your monthly financial statements. Truck drivers are paid in a number of ways and not just through checks which is why you have to track all these payments.