January 31, 2018, is the deadline for submitting the quarterly IFTA report.
Usually, trucking companies have to spend countless hours and employ several resources to put their records together for IFTA fuel tax calculation.
Manually keeping track of each mile that you have traveled from state line to state line, adding up the gallons of fuel you purchased in each state, calculating the gallons you used in each state, and calculating the fuel tax paid and the fuel tax owed by each state is an administrative nightmare.
The IFTA calculation process is not only cumbersome, but it’s also highly prone to errors and inconsistencies. However, with the KeepTruckin ELD Pro, carriers can accurately calculate IFTA fuel tax reports in just a few clicks.
The KeepTruckin ELD automatically keeps track of each and every mile that your vehicles travel in each jurisdiction. Moreover, the KeepTruckin electronic logging device also calculates the fuel purchased in each jurisdiction.
This automation significantly reduces the administrative burden of collecting state mileage crossing from paper trip reports.
Users can also upload fuel purchase receipts, and KeepTruckin will automatically summarize total distance and fuel purchased in each state or province for every vehicle in your fleet.
These fuel purchase entries can be either uploaded individually or in bulk with a CSV file that contains the fuel purchase records of your fleet.
Moreover, since the KeepTruckin ELD automatically and accurately records everything, inconsistencies and errors are removed, which reduces the risk of being audited.
Other benefits of the KeepTruckin ELD Pro
The KeepTruckin ELD Starter package is primarily for compliance. However, the KeepTruckin ELD Pro offers much more.
At the moment, the KeepTruckin ELD Pro has the following fleet management features:
1. Idle-time tracking
With idle-time tracking, carriers can significantly reduce the amount of fuel wastage. It is estimated that a truck that consumes $70,000 worth of fuel every year, approximately $5,600 is wasted on idling.
With the idle-time tracking feature, companies can identify drivers who idle for too long or too frequently, reduce fuel wastage, and save a large sum of money on an annual basis.
2. Driver scorecards
Fleet managers would be able to see safety scores for individual drivers and the overall fleet. They can also track their best and worst-performing drivers with safety scorecards and identify the ones that require immediate coaching.
3. Vehicle diagnostics
Fleet managers can use the vehicle diagnostic feature to stay ahead of vehicle maintenance issues.
The KeepTruckin ELD actively monitors the vehicle for fault codes and alerts fleet managers with real-time notifications when fault codes are detected. This eliminates the need for physical inspections.
Moreover, fleet managers can also identify recurring vehicle issues with historical fault-code reports, anticipate problems, and stay ahead of potential disturbances.
Try the Pro Plan
The KeepTruckin Pro plan empowers carriers with even more information and insights into their fleet’s operations. Moreover, it also gives them the ability to significantly minimize their operational expenditures, reduce administrative burdens, and maximize profits.
With the KeepTruckin ELD Pro and the exclusive features it offers, carriers can make better business decisions that increase fleet efficiency and profitability. Request a free demo today to learn how KeepTruckin can help with automating IFTA reports, in addition to compliance with the ELD mandate.
Disclaimer: All content and information on this website is for informational and educational purposes only, does not constitute financial, business, or legal advice. Although KeepTruckin strives to provide accurate general information, the information presented here is not a substitute for any kind of professional advice, and you should not rely solely on this information. Always consult a professional in the area for your particular needs and circumstances prior to making any professional, legal, business and financial, or tax-related decisions.
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