
How To Keep Track of Business Expenses for Taxes
While tracking business expenses can feel like a burden, it’s an important aspect of running a successful business. Without proper expense tracking, you risk overpaying
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.
Find out how much your company can save:
Learn about new features, tips & tricks, and how people have used TripLog to save thousands of dollars and man-hours.
While tracking business expenses can feel like a burden, it’s an important aspect of running a successful business. Without proper expense tracking, you risk overpaying
While tracking business expenses can feel like a burden, it’s an important aspect of running a successful business. Without proper expense tracking, you risk overpaying
For businesses that involve travel to client locations, charging for mileage can be a crucial
The information age is changing the world faster than people and companies can adapt. The
As a business owner, you may be able to save money on your taxes by
For many drivers, toll expenses can add up to a significant amount over the course
For business owners and self-employed individuals who use their vehicles for work, understanding vehicle expense
With how the way people work has shifted drastically over the last few years, many
When it comes to mileage reimbursement, most companies use the standard IRS mileage rate. However,
Mileage reimbursement doesn’t have to be complicated. We’re here to help clear the air.
For many business owners and self-employed individuals, purchasing a vehicle can be a significant expense.
Using outdated manual mileage logs can cost businesses thousands of dollars per year in lost time and incorrect reimbursements.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 $0.70 (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
Start automatically tracking your mileage today to never miss another deductible mile. Try the #1 mileage tracker for free!
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