Do you know that tracking your business mileage can save you from unnecessary expenses and help you remain tax compliant? If not, then read on to discover why you need a mileage tracking app and how tracking miles can benefit your business.
Keeping track of business miles is an important part of record-keeping for small businesses and sole proprietors, who may deduct their car expenses as business expenses.
But it’s not that simple. When it comes to tracking your business miles and complying with IRS regulations, it’s advisable to have the right tools.
Every business premises has vehicles to travel from one place to another for client meetings, sales, work supplies & any kind of official trips etc.
All such data is recorded manually and may have some costs to be reimbursed by the Firm. It can be too difficult to track your miles on the go in today’s busy schedule.
Mileage tracking isn’t something everyone spends their time doing. To make things easier, mileage tracking apps are introduced to record automatically all metrics with no or less effort for the Users.
WHY DO WE NEED A MILEAGE TRACKING APP FOR BUSINESS?
It might be a complicated question! But not really! Tracking your mileage using paper logbooks with bills may take extra work to calculate miles and the reimbursement process. This article discusses the importance of tracking your business-related miles and how to do it properly as an employee or business owner.
But when you consider the potential benefits of the mileage tracking apps, it’s definitely worth the effort!
There are some terms under which the mileage is calculated such as
- Distance Travelled – Odometer readings
- Travel Purpose – Official / Personal
- Number of travels – Per Day/Week/Month
- Places traveled
- Fuel Consumption Rate
Manual work for the above-collected data entry may surely turn out very frustrating.
By tracking your business mileage and keeping good records, you can ensure that you maximize your deductions and keep more of your hard-earned money.
The mileage tracking app frees you from the pain of manually tracking as it is automated and improves tracking as well. Let’s dive into some practical advice for tracking your business miles effectively and efficiently.
HOW IS MILEAGE TRACKING WORTH ALL THE HASSLE?
Self-employed individuals can deduct their business-related car expenses from their taxes.
If you have a clear understanding of all your business – travel-related expenses, you’ll be able to increase the deductions and pay fewer taxes throughout the year.
Yes! Don’t you find this so useful? Mileage tracking provides an easy, accurate, and automatic way to track mileage & expenses.
Tracking your mileage may not be the most exciting task in the world, it can definitely be worth it from a financial standpoint too.
For starters, it can help you reach tax-free status. And, if you’re a business owner, tracking your mileage can also help boost your income.
Users are benefitted from stress-free, minimal time consumption to capture the distance traveled and crystal clear expense reports.
Let’s see about Zimozi and its ability to create enhanced digital solutions!
ZIMOZI, with its proven track record of success, is well versed in providing the best solutions for its existing Client!
Why Choose Zimozi for mileage Tracking App Development?
- Tracks Employees
- Tracks Vehicles
- Makes accurate reimbursement calculation reports
- Manage travel expenses of your Employees
- Geographic location and Automatic GPS tracking
For our existing clients, we have integrated several customized features and functionalities.
Check our case study Here – https://www.zimozi.co/kliks/
Zimozi has the overwhelming power to execute your seamless innovative ideas to create Web apps, Mobile apps, and Websites with our digital technologies.
We build customized digital solutions to improve client engagement and experience.
Let us together build a flourishing business and we will make your dreams come true!
Let’s have a quick discussion if you want to develop a mileage tracking app for your business.