Have you ever wondered why some trucking companies rarely have an outstanding IFTA balance, or an amount that is minimal? Many trucking companies using eTruxFuel have told us that they were looking for a fuel tax program like ours.
Here is why they choose eTruxFuel:
- They get access to the fuel tax rates on an ongoing basis
- They can enter miles and fuel information as often as they want
- They can run as many IFTA reports as they want, before submitting
For some companies, IFTA reports are not only for compliance. Reports are important because they can use miles-per-state numbers and fuel receipts to find out the MPG of each truck, and the best places to buy fuel on their routes (based on the fuel tax rates, distances traveled, and fuel prices).
By entering fuel tax information on a regular basis (whether daily, twice per week, weekly or even monthly), you can learn to manage fuel tax expenses in your favor. Minimize your fuel tax balance each quarter and decide whether you prefer to pay your fuel tax during the quarter or at the end.
It pays to stay on top of fuel tax expenses, since it will help you manage your company’s operating cash flow each quarter. In other words, more money in your pocket!
Don’t wait until the end of the quarter to get your fuel tax report completed. Let eTruxFuel make sense of your fuel tax data, using your paper records, ELDs, AOBRDs, and fuel card(s) to produce an accurate IFTA report.