Your Uber income is tracked in two main documents:
- Weekly Earnings Statements: These record your earnings based on each week’s activity, ending on the invoice closing date.
- Monthly Tax Summaries: These are calculated according to payments made each month, aligning with the calendar.
What you need to know
- Timing Differences: Weekly and monthly statements may cover different time periods. For instance, a monthly payment period may end on November 1, but the weekly invoicing period might end on October 31.
- Annual Calculations: To tally your annual earnings for tax purposes, add up all the earnings from your Monthly Tax Summaries.
- Fees Consistency: The total fees from your Monthly Tax Summaries should match the fees reported in your Annual Tax Summary.
Checking for accuracy
- If your sums match across the documents, your financial records should be accurate.
- Encounter any inconsistencies or have questions? Reach out to us for assistance.
Remember to review both your weekly and monthly documents to ensure your earnings and fees are tracked correctly!