Why,Your,Company,Needs,Fuel,Ca car Why Your Company Needs Fuel Cards
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For a company to be successful, fuel cards are an absolutenecessity that should never be overlooked. For over 40 years the cards havebeen in existence, servicing businesses, alongside consumers. There are 3 majorreasons that every company should have an account for fuel. These reasons arethe ability to track whats spent monthly on fuel purchases and separate thosefrom non-fuel related expenses, a fuel card is safer than cash, and many fuelaccounts include benefits such as roadside assistance and medical protection.The job of tracking what is spent monthly can be burdensome.A fuel account makes this task easier to do so. It would be nearly impossibleto track what is spent when cash is used. When cash is used, the only thingthat would be left is a receipt, which would be brought back to the accountingdepartment to be evaluated, and then the different charges would need to beseparated and filed. This creates additional unnecessary work hours for theaccounting department, which doesn't contribute to the bottom line of thecompany. If the purchases are made on the fuel account, it would be easier toseparate the fuel charges from others.Having a petrol card is more safe and secure than cash. Ifthe card is lost or stolen during the employees journey, then the company wouldnot be liable for fraud on the account. But if cash is lost or stolen, there'sno way to track it, and that money is more unlikely to be recovered. Cashshould never be carried by company employees because of the risk to companyassets.Let's face it, vehicles break down with normal usage. In theevent of a vehicle failure, many fuel accounts offer benefits such as roadsideassistance, and medical protection. This creates an added sense of security forthe company driver because they will never have to be stranded. Also, having abenefit such as roadside assistance with a company is a company asset becausevehicle towing charges can be quite expensive. Instead of the company having toabsorb this cost, the fuel account provider would provide roadside assistancewhich is included with having the account. Having an account for fuel is one of the bestinvestments that a company could make. These accountshelp to separate company expenses, are safer than cash, and many accountproviders also provide roadside assistance to the account holder. These are allbenefits that will help to maintain a company's profitability, and contributeto increased sustainability for the company in the future
Why,Your,Company,Needs,Fuel,Ca