FUEL CARDS
FUEL CARD
Fuel cards are the smarter way to fuel your business. With so many benefits, “Resource Nafta” LLC Fuel Card can make your business fuel purchases easy.
FUEL CARDS MAKE MANAGING YOUR BUSINESS FUEL SIMPLE
A fuel card is like a credit card that makes it easy to pay for – and keep track of – your business fuel purchases
The fuel card is attached to an account, just like a credit card. When you fill up, you simply swipe your card and the cost of the fuel is charged to your account. The amount owing will then be deducted from your linked bank account or credit card.
Every purchase is recorded and itemised on a single tax statement, so there’s no need to keep and tally-up fuel receipts: the work is done for you.
And many fuel cards – such as “Resource Nafta” LLC Card – offer discounts and savings that make them great value as well as convenient.
BENEFITS OF FUEL CARD
TIME SAVINGS
A fuel card streamlines your business fuel administration. No more paper receipts, lost dockets, scanning and end of month reconciling – it’s all done for you.
A single tax invoice and statement itemises the GST payable for all your fuel purchases, so you’re all ready for tax time.
If you have multiple vehicles and drivers, providing them all with fuel cards can eliminate time-wasting and frustrating expense claim procedures.
GREATER CONTROL OVER FUEL EXPENSES
If you choose a fuel card that gives you online access to your account, you can manage your cards, set up reporting systems, download statements and check transactions whenever you want.
You decide what your drivers can purchase with their cards. Then you can monitor expenses associated with each vehicle in your fleet, and set alerts to inform you if a driver exceeds one of your pre-designated boundaries.
VALUE
The biggest benefit of a fuel card is it helps ensure you don’t miss claiming a single cent at tax time due to lost receipts. But you should also choose a card that will tailor a business solution to your needs.
Some fuel cards offer flexible payment options, including the ability to pay your account by credit card, giving you greater control over your cash flow. And, depending on the scale of your business, some may offer a discount on the per-litre price of fuel.
FRAUD PROTECTION
A few fuel cards, such as “Resource Nafta” LLC Card, are protected with anti-fraud technology and individual PIN numbers to make tracking them easy. You can have your cards embossed with a vehicle number or the driver’s name, so your drivers will be less likely to lose them.
EASY TO FIND LOCATIONS
Most fuel cards are attached to a specific brand, and they are generally well represented with service stations across the country. They should provide you with an easy way to locate your nearest service station, whenever you need fuel and wherever you are.
This is particularly important if you drive a truck or manage a fleet of trucks. You’ll want to know which servos are suitable along the routes you drive so you can plan ahead.