Using fuel cards makes budgeting quicker and more efficient
Sole trading can be tight financially, so you need to be your own financial planner as well as everything else. Fuel cards make this easier by providing you with easy-to-use tools that make it simpler for you to budget.
Fuel cards give you the following benefits:
- A line of credit to buy fuel and pay afterwards
- Every fuel purchase itemised online automatically
- Summaries of your fuel spend for any time period
- Invoices you can pay by direct debit, taking up no admin time at all
- Clear spreadsheet downloads to make your accountant happy
- The right data to claim VAT on business fuel back from HMRC – provided you have a business vehicle that you never use for personal journeys
If you choose a widely accepted retail rate fuel card and your key aim is just driver convenience, control over invoicing and receipts is even more important and the right systems will put hours back into your day.