Car Allowance Explained (2024 Full Guide)
Companies with employees who drive for work are often faced with a big question – what mileage reimbursement method should they use? There are a
Discover how TripLog can drive time and cost savings for your company.
TripLog is the market’s premier mileage and expense tracking solution. We cater to businesses of all sizes and industries.
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Learn about new features, tips & tricks, and how people have used TripLog to save thousands of dollars and man-hours.
Companies with employees who drive for work are often faced with a big question – what mileage reimbursement method should they use? There are a
Companies with employees who drive for work are often faced with a big question – what mileage reimbursement method should they use? There are a
More organizations are realizing the need to automate as much of their operation as possible.
Managing a vehicle fleet isn’t easy, from dealing with everyday problems to ensuring the logistical
Effective automation with TripLog can cut down the costs that usually aren’t visible on a
To prepare for the 2020 reimbursement rate, those impacted should keep these things in mind.
TripLog is continually responding to user needs & shifting market demands and innovating on new
The Canadian Gig economy The Canadian gig economy is growing at a phenomenal rate and
Chartered Certified Accountant at Business Accounting & Tax
Organizational changes are becoming more routine, especially in today’s world, where consumer preferences and trends
Using outdated manual mileage logs can cost businesses thousands of dollars per year in lost time and incorrect reimbursements. See how much TripLog can help you save!
Number of drivers
Average miles daily per person
Number of trips daily
Cents-per-mile
Annual mileage reimbursement costs based on the numbers you provided.
Annual Mileage Reimbursement
50 mi/day x 100 drivers x $0.54 (5 days x 50 wks)
$675,000
This is the inline help tip! You can explain to your users what this section of your web app is about.
According to research, on average employees inflate the mileage by 25% when self reported.
Estimated Reimbursement Savings
$168,750
People on average spend 2 minutes on manually recording trips.
Manual Entry Hours
2 mins x 10 trips/day x 100 drivers (5 days x 50 wks)
8,334 hr
Taking national average $25 hourly rate.
Estimated Labor Savings
Avg. $25/hr x Manual Entry Hours
$208,334
Your Company
(Labor Savings + Reimbursement Savings) / Number of Drivers
$4,167
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