When it comes to trucks, you will find most of them are driven by their rightful owners. 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. No one will extend credit to you if he or she is not assured that you will pay back the debt plus any interest which might be needed and if you have pay stubs and a truck driver you will be able to submit that 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 case you would like to apply for a bank loan, your business profit and loss statements are enough for you to get the loan but you will require the pay stubs when you are drafting them. A bank statement will also be enough when you are applying for a loan. The only way you will get the loan using your bank statement is if the statement is accurate. You can check your bank statement accuracy against the paystubs.
Even self-employed people will have to file tax returns and you cannot do this out of thin air. You should not lie to yourself that you can get a business loan if you do not show your tax return documents to the bank. 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. Tax season will not be frustrating to you when you have all your paystubs because all the information you will need in computing your taxes will be there which is why it will be a great experience for you. 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.