2011 /12 Federal Budget makes Operating Cost FBT reporting a must for all Fleet Managers to consider.
Log book data collection made easy
The sgfleet Electronic Log Book simplifies the collection of data to allow Operating Cost FBT reporting. Throw away your paper based log books and eliminate the potential for manual manipulation by installing the Electronic Log Book into your company vehicles. Drivers will be prompted for a Driver ID and required to select their trip purpose be it Private or Business. When a driver selects a private trip, only the start and end odometer reading is collected with no visibility to the location of the vehicle.
Manual entries into paper log books can be time consuming for both the driver and the coordinator who needs to re-key at the end of the FBT year. Our solution overcomes those issues and ensures accurate and timely data.
Report Output - Provided Quarterly
Not currently using Operating Cost method to report FBT?
You may be surprised at the potential Fringe Benefits Tax savings available by reporting on this method, providing a substantial return on investment.
The recent changes to FBT rules mean the efficient collection of operating cost data for FBT reporting is a must for all Fleet Managers to consider. sgfleet can also apply the system to vehicles you lease through another provider.
Please call us for more information on (02) 9494 1000 or email marketing@sgfleet.com or if you are an existing sgfleet customer please speak with your Relationship Manager.