A few days ago I shared an article about deducting vehicle expenses on my Facebook page. Here’s a link to that article:
https://markjkohler.com/maximizing-your-car-or-truck-deduction/?fbclid=IwAR0PCWLtGDM4hAhfNOdBcg7fm4VV7An3oMhEUYMmawNl2z4foiY7bUtJu0c
Today, I’m following up with a blog post about mileage tracking apps.
For many years, I’ve been documenting my business mileage the old-fashioned way. Each year, I would buy a pocket calendar and then write down the odometer reading for business trip I took. At the end of the year, I would enter all my numbers into a spreadsheet and calculate my total business mileage for the year.
Last year, I started my bookkeeping business. As a bookkeeper, I pay particular attention to apps and services that could potentially be time-savers for my future clients. I decided to investigate a few mileage apps. Here are my thoughts about a few of these apps.
1.) Everlance – This is the app that I use on my Android phone. I use the free version and it does everything I need.
- Automatic tracking – you can turn this off in the tracker settings
- Easy classification of trips as business (allows for more than one business) or personal
- Ability to create favorite places and favorite trips to automatically categorize common travel routes
- Ability to edit starting and ending points – nothing is perfect all the time
- A great website where you can login and filter your view to see exactly what you want
- The ability to export your data from within the app or from the website
- An expense tracker – Take a picture of your receipt, enter a few details about the expense and that’s it. You’ll be able to pull an expense report showing all your expenses over a time period you specify and you’ll always have access to your receipts.
- Premium version available – $5/month when billed annually or $8/month when billed monthly*.
2.) MileIQ – I haven’t tested this one out, but I’ve heard good things about it from others who use it. A quick review of the website shows that it offers most of the same mileage tracking features as Everlance. A couple features that are missing:
- No free version. The app costs $5.99/month or $59.99/year*. But, if you’re a Microsoft user and subscribe to Office 365 Premium Subscription ($12.50/month paid annually or $15/month paid monthly), MileIQ is included in that subscription.
- There is no expense tracker / receipt management included. It’s strictly for mileage.
3.) Other apps to consider – Triplog, Hurdlr, and Stride Tax.
*Tax deductible business expense
Does anyone else have a favorite mileage or expense tracking app? If you do, please share it in the comments.
*Comments are closed