Track Your Expenses

This is Vanessa Collins, your Certified Digital Marketing Specialist with your Weekly Tech Tip. If you talk to an accountant (and you should) they will tell you that entrepreneurs leave thousands of dollars on the table every year because they don’t track all of their expenses. You know how we are, we think we will remember every little detail of things in the moment. However, 7 months from now, you are not going to remember that you drove to Walmart yesterday to pick up ink for your printer. But MileIQ will.

MileIQ is an automatic mileage tracking app that actually works. It’s available for iPhone and Android. Once MileIQ is installed it works in the background. No buttons to press to start or stop. Your miles are automatically logged and recorded creating a complete record of all your tax deductible and reimbursable mileage. You can then easily classify each drive as business or personal and even add other details such as tolls and parking. Each week you get a report emailed to you. If you want more frequent reports, you can log in to the service across all of your devices.

Remember, if you deduct mileage from your taxes, you must keep a written log. MileIQ will help you generate that log. They have a free level that will track 40 drives a month but the unlimited plan is less that $6 a month. And… your MileIQ subscription is tax deductible. Go over to www.mileiq.com and check it out.