When you account for mileage, it makes it convenient to cut down the expenses at the end of a financial year during tax deductions. Adding your mileage enables you to take into account the total cost of having the company vehicle along with the maintenance, fuel, and registration expenses.
Dancing Numbers helps small businesses, entrepreneurs, and CPAs to do smart transferring of data to and from QuickBooks Desktop. Utilize import, export, and delete services of Dancing Numbers software.
How to Enter Mileage in QuickBooks Desktop?
You need to enter the odometer readings physically in the QuickBooks Desktop to input mileage. Here is a step-by-step guideline on how to enter mileage in QuickBooks Desktop to conveniently use the QuickBooks Desktop mileage tracker.
- Step 1: Go to the Company menu. Now choose the Enter Vehicle Mileage option.
- Step 2: Press on Vehicle List. Now press the new button to add a new vehicle. In case some vehicles are added already, and you wish to add their mileage then press on that particular vehicle from the given list to move further.
- Step 3: Now, you must add the name of the vehicle. Make sure you add unique names so that identification can be done easily. The license plate number of the vehicle is a great form of identification. It can be put as a name. Now press OK.
- Step 4: When the particular vehicle has been added, press on it and then begin completing the travel information.
- Step 5: Add the travel and the date along with the odometer readings for the trip, both before and after timings. Also, you can add additional data like who was traveling, what was the purpose, whether any attached invoice is available or not, etc. QuickBooks will be able to determine the mileage on its own.
Related topics: Import Vehicle Mileage in QuickBooks DesktopEntering mileage in QuickBooks is quite crucial to keeping track of the expenses concerning the vehicle. However, if you find it difficult to leverage this function of QuickBooks and add mileage to the accounting software, we highly recommend you consult professionals.
Looking for a professional expert to get the right assistance for your problems? Here, we have a team of professional and experienced team members to fix your technical, functional, data transfer, installation, update, upgrade, or data migrations errors. We are here at Dancing Numbers available to assist you with all your queries. To fix these queries you can get in touch with us via a toll-free number
+1-800-596-0806 or chat with experts.
Frequently Asked Questions
What is the Time Tracking Functionality in QuickBooks?
QuickBooks provides time-tracking functionality, it helps to monitor the total number of hours an employee has worked.
What are the Reports one can get on Vehicle Mileage?
In general terms, reports on vehicle mileage help you to trim down the costs and lower the tax deductions at the end of a fiscal year. To access and use the mileage reports, do the following:
Step 1: Select Jobs.
Step 2: Press on Time and Mileage from the particular Reports menu.
Step 3: Now, choose the required mileage report.
+1-800-596-0806