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Allow me to join you here and answer your question about tracking mileage, tkosburn1990.
QuickBooks counts the your recorded business miles to calculate your potential deduction. This is because the program uses the standard mileage method. This means that QBO will multiply the total number of miles by the current rate per mile. This is also the reason why you see a potential deduction for 2022.
However, they will not be shown in the in the Expense section since they're not actual expenses. Amounts in the expense section come from actual transactions that are recorded as expenses, checks, bill payments, and journal entries. Let me share these articles for more details: Learn How QuickBooks Self-Employed Calculates Mileage Deduction.
I'd also like to share these additional articles in case you might need them
Let me know if that answers your question about business trips in QBO. You can also post more questions and inquiries if you need anything else.
Thank you for the information. I was hoping to easily generate a Profit and Loss report that included the calculated mileage deduction, because I am often required to show this information for various financial assistance applications. Is this something I will have to continue to do manually outside of QuickBooks Online? Or would QuickBooks Self Employed do this automatically for me?
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