Business Fuel Cards Make Sense
Your drivers can use it to fill up thereby showing you exactly how much they spent on fuel. The information sent to your company is itemised by driver showing you exactly what each one spent. This can help you determine if one driver is filling up more often or if they are spending more than they should on fuel or fuel stations. You can also find many discounts depending on your fuel usage volume which offer you a reduced annual cost.
For instance if you have 300 pounds spent per vehicle per month at the very least you will be able to find a savings of up to 10p off at the pump. This is a significant savings once it adds up since it is a per litre savings.
Management will be able to save time because they can do away with the paperwork and just use the itemised list. In fact drivers will not have to keep the receipts or turn them in anymore because the fuel card bill will show everything. This simplification will go a long way towards helping your business grow since your management team can focus on more important aspects over what driver didn’t turn in receipts this week.
There is one more wonderful aspect to fuel cards, which is the VAT savings you can find. You will have an invoice proving the spent amount, which can be proof to the HM Revenue that you deserve all your VAT back.