diff --git a/app/Console/Commands/Dealer/ManagerSubsidySettleCommand.php b/app/Console/Commands/Dealer/ManagerSubsidySettleCommand.php
index e1daf11f..06495834 100644
--- a/app/Console/Commands/Dealer/ManagerSubsidySettleCommand.php
+++ b/app/Console/Commands/Dealer/ManagerSubsidySettleCommand.php
@@ -42,8 +42,10 @@ class ManagerSubsidySettleCommand extends Command
 
         $head = '【'.$startAt->format('Y/m/d').'-'.$endAt->format('Y/m/d').'】';
 
+        $cacheKey = $this->cacheKey($startAt, $endAt);
+
         // 如果不是强制执行，则需检查是否已结算过
-        if (! $this->option('force') && Cache::has($this->cacheKey($startAt, $endAt))) {
+        if (! $this->option('force') && Cache::has($cacheKey)) {
             return $this->warn("{$head}管理者津贴已结算");
         }
 
@@ -56,13 +58,12 @@ class ManagerSubsidySettleCommand extends Command
         }
 
         $this->info("{$head}数据写入中...");
-        $this->settle($startAt, $endAt);
+        $this->settle($startAt, $endAt, 500);
         $this->info("{$head}写入成功, 总耗时: ".$this->formatDuration($tz->diffInMilliseconds(now(), false)));
 
         $this->info("{$head}------------[结束]管理者津贴结算------------".PHP_EOL);
 
-        // 缓存31天
-        Cache::put($this->cacheKey($startAt, $endAt), 1, 2678400);
+        Cache::put($cacheKey, 1, $endAt->addMonthNoOverflow());
 
         return 0;
     }
@@ -72,16 +73,30 @@ class ManagerSubsidySettleCommand extends Command
      *
      * @param \Illuminate\Support\Carbon $startAt
      * @param \Illuminate\Support\Carbon $endAt
+     * @param int $count
      * @return void
      */
-    protected function settle(Carbon $startAt, Carbon $endAt): void
+    protected function settle(Carbon $startAt, Carbon $endAt, int $count = 200): void
     {
         $feeRate = app_settings('dealer.fee_rate');
 
-        Dealer::where('is_manager', 1)->chunkById(200, function ($dealers) use ($startAt, $endAt, $feeRate) {
-            $time = now()->toDateTimeString();
+        $lastId = Cache::get(
+            $cacheKey = $this->cacheKey($startAt, $endAt).':last_id'
+        );
+
+        do {
+            $dealers = Dealer::where('is_manager', 1)
+                            ->forPageAfterId($count, $lastId, 'id')
+                            ->get();
+
+            $countDealers = $dealers->count();
+
+            if ($countDealers == 0) {
+                break;
+            }
 
             $earnings = [];
+            $time = now()->toDateTimeString();
 
             foreach ($dealers as $dealer) {
                 $salesLogs = $dealer->managerSalesLogs()
@@ -96,6 +111,7 @@ class ManagerSubsidySettleCommand extends Command
 
                 foreach ($salesLogs as $log) {
                     $subsidy = bcmul($log->sales_volume, $log->product->manager_subsidy, 2);
+
                     $totalAmount = bcadd($totalAmount, $subsidy, 2);
 
                     if ($description !== '') {
@@ -110,6 +126,7 @@ class ManagerSubsidySettleCommand extends Command
                     );
                 }
 
+                unset($salesLogs);
 
                 if (bccomp($totalAmount, '0', 2) === 1) {
                     // 计算手续费
@@ -132,13 +149,17 @@ class ManagerSubsidySettleCommand extends Command
                     ];
                 }
 
-                unset($salesLogs);
+                $lastId = $dealer->id;
             }
 
             DealerEarning::insert($earnings);
 
-            unset($earnings);
-        });
+            Cache::put($cacheKey, $lastId, $endAt->addMonthNoOverflow());
+
+            unset($dealers, $earnings);
+        } while ($countDealers == $count);
+
+        Cache::forget($cacheKey);
     }
 
     /**
@@ -150,7 +171,7 @@ class ManagerSubsidySettleCommand extends Command
      */
     protected function cacheKey(Carbon $startAt, Carbon $endAt)
     {
-        $startAt->format('Ymd').'_'.$endAt->format('Ymd').'_dealer_manager_subsidy';
+        return $startAt->format('Ymd').'_'.$endAt->format('Ymd').'_dealer_manager_subsidy';
     }
 
     /**