Just in time for FBT tax time! FBT Compliance for Hundreds of Thousands of Australian Drivers of Company Vehicles now easier with Fleetcare's free 'Logit' App
SYDNEY – Feb 26, 2013: Thousands of Australian drivers who need a logbook for their car- either to support their own tax deductions or because their employers require it for Fringe Benefit Tax (FBT) are rejoicing this year with the recent launch of Logit, named as one of ‘Kochies’ top 10 Best Business Apps for 2012’. Now it’s as simple as clicking start trip-end trip on their Smartphone and it’s all done for them. The demise of laborious log books and reduction of margin for error is delighting finance departments and accountants across the nation.
A free app from Fleetcare, Logit uses Smartphone’s GPS functionality, logs relevant data and publishes an online and printable log book and travel expense report in an ATO-compliant format at the end of a12-week. Features in the app include the recording of journey dates, entries for odometer readings, distance travelled and fields to describe the purpose of each journey. Uniquely, Logit offers a support desk.
The app allows users to add multiple vehicles, managing more than one log book at a time. An intuitive trip memory is also featured, automatically recalling data from the most frequently travelled routes and auto-populating data in new entries.
“If your work pays for your car, keeping track of your journeys is essential to avoid potential FBT issues,” says Fleetcare CEO Nigel Malcolm. “ATO guidelines are built into the Logit app, so the stress of remembering and recording company trips is gone, making the dreaded FBT deadline a no-brainer.”