Possible ways how to do it look very simple and some of them will save you money and on the other hand some of them will save you time and it is up to you to decide which one of these options you prefer more:
- Create IFTA reports on your own
- Outsource IFTA reporting to the specialized company for $120 per truck/report
- If you are a trucking company owner dedicate a person that will create reports
- Ask your drivers to do it
As you probably already know some of the above mentioned scenarios are not likely to happen such as asking your drivers to do reports on they own but there is some trucking companies that actually train their drivers to do this kind of reports for the company as a part of their job description and duties.
Why Is IFTA Reporting So Complicated
To create IFTA reports you need to enter all the miles truck drove trough each state and you need to enter the amount of gallons purchased in each of the states in the last quarter of the year.
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The thing that makes this report creation so difficult is that there is simply a lot of data that needs to be entered in report. If we just say that for example an average long hauling Class A truck driver makes 12.000 miles a month and let’s say that they fuel the truck once per day on average that will lead us to 100 diesel bills and data entries to add on top of the prices, miles and so on.
This definitely is not an easy task to do and there is a lot of challenges trucking companies face during this process.
