The first quarter IFTA deadline on May 1st is almost here. For a few of you guys that means it’s a good time to get your rear in gear to calculate all of the totals necessary to complete your return by the due date. However, if you’re using TruckLogics then you don’t have to rush. With the help of their innovative reports and IFTA features, you’ll have your IFTA totals generated in a matter of minutes.
TruckLogics is the ultimate trucking management software specifically designed for fleet owners and owner-operators to help them save time while managing their entire business, even while they’re out on the road. By being completely mobile drivers can access TruckLogics from their smartphones or tablets at any time to check in on their business. Plus, TruckLogics has innovative features for dispatching loads, accounting, invoicing, fuel efficiency, IFTA, and more.
How TruckLogics Makes IFTA Easy
IFTA or the International Fuel Tax Agreement is the agreement made between the 48 contiguous United States and the 10 provinces of Canada to simplify fuel use reporting and for the collection and distribution of fuel taxes.
If your vehicle(s) has a gross registered weight exceeding 26k pounds, or 3 or more axles, and travels between two or more jurisdictions (states) then you have to file a quarterly IFTA report, which requires the following information:
- Taxable and non-taxable miles traveled per jurisdiction
- Gallons of fuel purchased in and used in each jurisdiction.
- Taxes paid on each fuel purchases
- The current tax rate per jurisdiction.
You can use TruckLogics to quickly gather that information with a series of innovative reports and features. For example, the Fuel Tax Summary Report gives you all of the totals you need for your IFTA report from your base jurisdiction. You can run this report from any quarter to clearly see your fuel type, total miles, taxable miles, taxable gallons, tax paid gallons, net taxable gallons, tax rate, and total (due or credit).
The fuel report will also display your fuel purchases for the custom date range you choose. Then you’ll be able to see where fuel was purchased, the fuel type, and how much fuel was purchased for each of your vehicles.
Plus, ProMiles records all of the information you need for your trip sheet. ProMiles will keep track of the miles traveled and odometer readings per jurisdiction, so your trip sheets will display all of the information you need. Also, ProMiles automatically updates the miles traveled when you change routes, to more accurately keep track of your miles traveled.
Your trip sheets can be accessed in the Trip Document Library at any time to be downloaded or printed and easily referenced for your IFTA reports.
Any time you make a fuel purchase you can pull out your phone and enter the receipt for your records, or take a photo of it for later. You can also import all of your fuel purchasing data right from your FleetOne fuel card.
With TruckLogics you can quickly get your IFTA totals and generate an IFTA report that can be printed or emailed to your tax preparer, so the totals can be used to quickly complete your IFTA return.
Make IFTA Easy
Don’t spend hours trying to add up your IFTA totals. You have better things to do than dig through hundreds of receipts. Take a load off and relax as TruckLogics makes it easy to calculate your IFTA totals, so you can complete your return almost instantly!
Get started today by signing up for your free 15-day trial with TruckLogics.