Fuel Petrol Diesel Pump carwitter 1400x840 - Are fuel cards worth it for small businesses? - Are fuel cards worth it for small businesses?

Car Features

Are fuel cards worth it for small businesses?

6 Nov , 2019  

Keeping track of even a small fleet can become a tiresome task, endless receipts, employees claiming back the mileage and that’s before staff start needing oil and screen wash.

This is where fuel cards can be a lifesaver for a small business. Time spent tied up administering just two or three company cars can be pretty much be freed up by using just one card when your employees go to fill up.

Easy management is key, and the benefits of a fuel card include:

  • Fast & easy way to pay for fuel
  • Stricter control of expenses
  • Admin efficiency
  • Safer than employees carrying cash

There are numerous fuel cards on the market, it’s often difficult to pick between them. There is however a new website which takes the pain out of trying to find the best deal – https://www.icompario.com/en-gb/

Using iCompario, you can pick between different cards for either new businesses, sole traders, small fleets or larger fleets. You simply set how many vehicles you have, either cars, vans, or HGV’s. After that you’ll be presented with a list of fuel card suppliers and the stations nearest to the location you’ve selected.

They compare all the big names, from Shell, Esso, BP and Texaco to individual fuel card companies that allow you to fill up at any garage, such as FuelPlus and FleetOne.

 

Petrol Pump carwitter 1024x681 - Are fuel cards worth it for small businesses? - Are fuel cards worth it for small businesses?

 

Fuel cards are time efficient

Fuel cards save time, whether it’s when your employee fills up, or when the payments are being tracked by your accountant later on in the process.

There’s no hanging around for VAT receipts, and you can even pay at the pump these days and be on your way.

 

Shell Petrol Station carwitter 1024x682 - Are fuel cards worth it for small businesses? - Are fuel cards worth it for small businesses?

 

Fuel cards are more secure

Being lax about seeing all your employee’s receipts can lead to false expenses claims, the odd chocolate bar here, maybe a Costa Express there. A fuel card eliminates this as all transactions are logged. Most fuel cards will allow the purchase of automotive fluids but nothing else. Perfect.

It also gives your drivers peace of mind, a fuel card will always work. They don’t have to remember to use their correct card, money isn’t coming out of their pockets or going onto their credit cards. It’s by far the preferred method for employees.

 

Fuel Petrol Diesel Pump carwitter 1024x681 - Are fuel cards worth it for small businesses? - Are fuel cards worth it for small businesses?

 

Fuel cards save money

The majority of fuel cards reward you for having one. That means you’ll get a consistent price per litre, this normally makes it cheaper than paying different costs between stations up and down the country.

It also allows you to see how much fuel is being used by individuals and your fleet as a whole. Making it a great way to find savings and improve efficiency for long term business savings.

 

Even if you have a fleet of just one vehicle, a fuel card can make a big difference. It takes the onus away from your employees having to worry about their own money to keep a business vehicle on the road.

You can keep track of your fleet expenditure with ease and have just one bill at the end of each month, not a mountain of receipts that have to be logged and paid back.

 

Rolls Royce Wraith Petrol Pump 002 carwitter 700x394 - Are fuel cards worth it for small businesses? - Are fuel cards worth it for small businesses?

 

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By  -    
Owner / Editor of Carwitter - French car fiend, hot hatch lover. Freelance writer and car journalist I've turned my passion for cars into my livelihood.