How do I link milage to my reporting

Your added mileage (actual distance) in QuickBooks (QB) Solopreneur will not appear in the Profit and Loss report, Karin. Allow me to discuss this in detail and share an alternative at the same time.

The Profit and Loss (P&L) report only displays your travel, vehicle (including repairs and fuel), and other expenses under business-related trips. Since QB Solopreneur uses the standard mileage deduction method, your mileage data will not appear in your P&L entries. Miles is treated in the platform as a potential deduction and is not yet considered an actual expense.

That said, you'll need to enter your business expenses into QuickBooks manually. This way, they'll appear in the P&L report, allowing you to track your estimated mileage taxes.

To input these expenses in QB, kindly follow the instructions outlined below:

1. Open your QB Solopreneur account.
2. Navigate to Transactions, then Bank transactions.
3. Click New transaction, then Expense.
4. Enter a name or description in the Payee field.
5. Modify the Date and enter the Amount accordingly.
6. Make sure the Use field is tracked as Business.
7. Select the appropriate business Category.
8. Double-check everything, and once done, hit Save.
   

After following the procedure above, you can ensure it is included in your P&L entries.

Additionally, you may review this link, which provides complete insights about income taxes: Understanding Income Tax. Although the article is for QB Online, its details apply to solopreneur individuals.

Need more help with managing your mileage expenses? Click the Reply button so we can assist you accordingly.