IFTA Fuel Tax Software
Axon’s trucking and accounting software package is fully integrated. Axon’s IFTA fuel tax software takes the pain out of recording and submitting your fuel tax reports. Let’s take a look at the different steps along the way.
Fuel Downloads: You’ll save a great deal of time by downloading an electronic record of your fuel transactions. Once you’ve imported the information into your Axon system, the system will create the Payables transactions and charge the purchases to the appropriate equipment.
IFTA Fuel Tax Rates: The system automatically updates the IFTA tax rates for each Jurisdiction on a quarterly basis. It also maintains a record of the Fuel Tax Rates History for comparison purposes.
Fuel Mileage: You can import your fuel mileages directly from the Routing or from your Satellite records. PC*Miler will provide you with a jurisdictional breakdown. Axon takes the fuel tax rate information and applies it to the mileage for each jurisdiction as recorded on the Fuel Mileages and Purchases screen.
Fuel Purchases: Your fuel purchases will be generated automatically from your Payables fuel invoices.
Double Check for Accuracy: Before running your IFTA (International Fuel Tax Agreement) software reports, it’s a good idea to print a IFTA Fuel Tax Report to confirm that your fuel mileages and purchases information is complete and accurate. You can also use this report to calculate average fuel consumption. The Fuel Tax History Report provides you with a detailed list of all your fuel mileages and purchases and can be very helpful in locating missed or duplicated fuel mileage entries.
For IFTA purposes it’s easy. All we do is generate the form from Axon. And because we have the ability to single out an individual piece of equipment, we’re able to give our independent contractors their own separate IFTA tax report, and we refund them or charge them just as we do the government with our company-wide reports. – Carol Uglow, Regal Services Company
IFTA Fuel Tax Reporting: Once you’ve reviewed your data, you’re ready to print the IFTA information and complete the IFTA form. All the information you need is integrated and assembled in one place for your convenience.
Axon offers you various report options to help you track your expenses:
- The IFTA Fuel Tax History Report provides a detailed list of all your fuel mileages and purchases as well as a summary of the totals;
- The Fuel Tax Report provides the average mileage per unit; and
- The Toll and Non-Toll Mileage Report helps you to recover the cost of toll mileage.
Canadian companies will appreciate the fact that Axon helps you calculate the percentage of total mileage which is traveled in Canada to assist them in calculating Workers’ Compensation Board assessments.
Axon’s fully-integrated IFTA fuel tax software system is fast, efficient and reliable.
The entire fuel bill from our major fuel supplier can be downloaded and imported into Axon and that information is automatically entered for each company truck or owner operator. That information is imported within minutes into our program. What used to take hours, every month, now takes minutes. – Dixie Husereau, Panda Tank and Vac Services