Do I need to track my miles?
The answer is a resounding "Yes!", you need to track your miles! There are several apps that can help you track your miles, or you can simply use a pen and notebook. Regardless of which method you take, you are still required to have documentation of the miles driven. Do not tell your tax preparer, “Use the same miles from last year’ or take a random number. The IRS doesn't play games and you shouldn’t either. Tracking miles doesn't have to be complicated. We've compiled a list of things to look for in an app and suggestions to get you on the right track!
What should you look for in a Mileage Tracking App:
It has to be one you will use every time you are in the car.
What automation does the app offer? Will it automatically track where I am going or do I have to click “go”?
Does the app integrate with my accounting software? Do you need for it to? This is a fancy feature and not necessary, but if you put a lot of business miles on your vehicle you may really like this feature.
How easy it for me to run reports? You need to easily hit a button and have a completed report in your hands. Whether your app syncs with your accounting software or not, you will want a report that is IRS compliant for your records. Most people will need to email the tax preparer their mileage at the end of the year, this should take seconds to do.
What additional features are included? Every app has additional features, but make sure they will be features you need. Some people want to dig deep into their numbers and would find an insightful tool beneficial. Ask yourself, “Will I actually use this cool feature?”
Here are a few Mileage Apps for you to take a look at:
Mile IQ – this is the most popular amongst my clients. This app allows you to select whether miles are personal or business and can run easy to read reports. https://mileiq.com/?utm_term=mileiq&utm_campaign=MileIQ:+Teams:+Brand+-+US&utm_source=adword...
Stride – is an easy to use app with not a lot of frills, but if you like free and simple this may be the way to go.https://play.google.com/store/apps/details?id=com.stridehealth.drive&hl=en_US
Everlance – This app delivers on insightful information. It is easy to use and allows you to edit information as needed.- https://dashboard.everlance.com/auth/start?utm_term=everlance&utm_campaign=S_G_B2B_USA_EN_Brande...
Triplog – There are several ways you can track your mileage with this app and they make it easy.- https://triplogmileage.com/
A system only works when you put it to use. If you choose to use an app, use it! If a notebook works better for you, don't hide it away in the glove box and forget about it!
If you need some accountability and want help to keep your financial house in order, let's chat!