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
When it comes to reimbursing employees for business-related driving, companies have several options to choose
For many drivers, toll expenses can add up to a significant amount over the course
Tracking mileage on your iPhone can be incredibly useful, whether you’re monitoring your fitness progress
For many business owners and self-employed individuals, purchasing a vehicle can be a significant expense.
For businesses that involve travel to client locations, charging for mileage can be a crucial
For Uber drivers, accurate mileage tracking is crucial for maximizing tax deductions and managing business
For business owners and self-employed individuals who use their vehicles for work, understanding vehicle expense
As a business owner, you may be able to save money on your taxes by
The information age is changing the world faster than people and companies can adapt. The
Using outdated manual mileage logs can cost businesses thousands of dollars per year in lost time and incorrect reimbursements.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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