Harpoon

How do I track my business mileage?

Chances are you drive your vehicle for business purposes throughout the year. Maybe just a little. Or maybe a lot. Whether it’s visiting a client for a project kickoff meeting, or changing office locations during the day, the business mileage you put on your vehicle should be tracked and recorded. Otherwise you could be missing out on a healthy tax deduction. Here’s how easy it is to track your mileage in Harpoon:

First you'll want to make sure your mileage settings are correct for your specific situation. When you visit your Expenses Settings screen you’ll notice a few options for mileage, starting with your general Mileage Preferences.

Here you can set your Units preference (miles or kilometers) and also your mileage rate. This rate will vary from country to country so check with your accountant on the appropriate rate for the current year.

You can also manage your Mileage Vehicles as part of your settings. You’ll want your recorded mileage to be associated with the vehicle you actually used. So any vehicles you use for business throughout the year should be added to this list.

And finally as part of your settings you’re able to manage a list of Mileage Business Purposes. The default list is based on the main purposes allowed by US tax laws, but feel free to edit this list as needed.

When it comes to recording and tracking your mileage visit your Mileage screen within the Expenses section of the app.

Here you can filter and display your mileage by date range, purpose, and vehicle. Harpoon will even tell you how much of a tax deduction you’ve earned based on the mileage you’ve recorded.

When recording a new mileage entry you’ll be asked to enter a few details about about your drive.

These details cover what most countries require when keeping mileage records, including the date, destination, distance, business purpose, vehicle, and any additional notes you might want to jot down.

And when it’s tax time your accountant will appreciate Harpoon’s Mileage Report they’ll receive from you, ensuring you receive a proper tax deduction.

Meet Harpoon, the forward-looking time-tracking & invoicing software.

Harpoon not only records your financial past, but also helps you plan and forecast a profitable future for your business. Try it risk-free for 14 days.