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
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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
The tax deadline is looming, but you still may need to track down some of
When it comes to mileage tracking and mileage reimbursement in the UK, there is a
In today’s world, we live more efficient, more productive, simplified, and longer lives thanks to
IRS Releases new Standard Mileage Rates for 2019 For business owners and independent contractors, the
As an accounting/tax professional, you want to make sure that your clients can maximize all
We want to make sure stressing over mileage and expense tracking is truly a thing of the past!
Using outdated manual mileage logs can cost businesses thousands of dollars per year in lost time and incorrect reimbursements.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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