Get started using the app to track miles
It’s easy to get started tracking mileage. First, get the QuickBooks mobile app in the App Store or from Google Play. Then, log into the app using your QuickBooks login information. Next, open the app and tap the Miles tab at the bottom of your screen (iOS) or tap Miles from the menu (Android). Switch the toggle to turn on automatic mileage tracking. Make sure you also enable location services in your device’s settings. That’s it. When you start driving, we’ll start tracking miles.
Business miles vs personal miles
After you finish driving (whether you are a rideshare driver or you are self-employed and going to a client meeting), you need to identify business miles versus miles used for a personal errand. Keeping an accurate mileage log ensures that miles for business trips are tracked for tax time. Swipe right on the trip to categorize it as a personal trip, and swipe left to put it in a business mileage category.
Claim the mileage tax deduction
The self-employed can take advantage of many business-related tax deductions, including the mileage deduction. And for many, such as rideshare drivers and delivery service providers, mileage is one of the largest tax deductions they claim. With the QuickBooks Online app, you can track mileage automatically to get the biggest tax deduction you deserve.
IRS compliance for the self-employed and independent contractors
Whether you’re driving part-time for Uber, full-time as a truck driver, or occasionally making deliveries on weekends, it’s important to track mileage. Stay IRS compliant by using a mileage log that includes the date, the destination, the reason for the trip, odometer readings, and total mileage. The QuickBooks Online app includes a digital mileage log and tracks these items for you, automatically.