Record your business miles and vehicle expenses in QuickBooks so you have everything you need to calculate deductions at tax time.
Drivers on your team can use the QuickBooks Online mobile app to their track business miles. The app automatically tracks trips from start to finish. Simply turn on the mobile app and let QuickBooks handle the rest. All you have to do is categorise the trip. Here's how to get started.
Before you start
It's important to know that Australian businesses can claim a deduction for up to 5,000 km per vehicle per financial year. Therefore, in QuickBooks Online, your auto-tracked trips will show an amount of $0 if your travel has gone over that limit. You can find more information about this deduction method via the ATO website.
Select the following steps to get started: