Running a business is complex enough without having to fiddle with paper receipts for every expense a mobile workforce has
Running a business is complex enough without having to
fiddle with paper receipts for every expense a mobile workforce has, but
sometimes it’s simply unavoidable. Unanticipated expenses can crop up anywhere,
which leads to paper tickets invading the desk of the company accountant. Why
feed into the mess for expected expenses as well when the invention of the
petrol card makes it unnecessary? Originally used for haulage contractors and
small delivery fleets, petrol cards have become more accessible for the mobile
workforce in the past few years because they offer a variety of benefits to
Company petrol cards offer an
increased degree of security to company finances and employees’ well-being.
Like any other company card, these fuel cards eliminate the need for employees
to collect their receipts and submit them for reimbursement. When a fuel charge
is electronically documented on the company account after purchase, it protects
the company from fraud. While an employee could falsify a receipt or spend less
cash than he is handed, pocketing the rest, a petrol card makes cash almost
completely irrelevant to the scenario. They also provide drivers with a degree
of security because it eliminates their need to carry cash for fuel.
Frugal business owners often choose to incorporate petrol cards into their company plan
because of the fantastic discounts they often receive on the petrol purchased
with these cards. Aside from the wholesale fuel prices usually offered by
petrol companies who deal with mobile workforces, these companies are also in
competition for business. Competition between fuel companies means lower prices
for petrol card holders. Some fuel
companies also offer rewards programmes that can undercut other costs a mobile
workforce might accrue.
Accounting can be made easy for businesses using company petrol cards by the
in-depth fuel use analyses offered by many fuel companies who issue these
cards. Company engineers or programmers can directly utilise the information
distributed through the card company’s account readouts to judge and improve
the efficiency of their business’s mobile units. These readouts also let
business owners compare their earnings on specific routes with the expenses
accrued by the portion of the workforce serving those routes. The management
tools offered by petrol companies through card accounts can also reduce the
amount of administration necessary through management tools and tips.
The versatility and security offered by petrol cards make them extremely
beneficial to companies with mobile workforces looking to maximise profit and
minimise costs. The separate charging systems also makes filing tax invoices
much simpler than they would have been otherwise; in short, company petrol
cards are not only an excellent way to save money and efficiency in terms of
the mobile workforce, they can also help cut costs in other areas.