I'm here to further help you in claiming business mileage in QuickBooks Online (QBO).
We'll need to make sure we track the business mileage properly in QBO. This way it will reflect on your total business miles in 2023. Here's how:
- Go to Apps and select Mileage (Take me there).
- Find the trip and choose the checkbox.
- Select Mark as Business or Mark as Personal for the type.
- Review the details.
- If you need to edit the location or distance, select the trip, make your changes, and then select Save.
You can check out this article for more details about recording business miles for one or more vehicles: Automatically track mileage in QuickBooks Online.
On the other hand, if you're a sole trader, you have two options for accounting for your mileage. You can use the Actual expenses (or full cost) method or the Standard mileage deduction. However, if you're a director of your own company you can only use the second option. For detailed guidance, check out this article: Claiming business mileage the easy way.
Getting a copy of your mileage trips is a breeze in QBO. You just simply need to go to the Mileage page and click the Add trip drop down then, select Download Trips. This will open an Excel file with a report of all the trips you've input.
Should you want to check employee reimbursements, use this article as your reference: Reimburse an employee.
Just in case you need further assistance in claiming business mileage in QBO, don't hesitate to leave a reply below. I'd be glad to help assist you more. Take care.
