It is absolutely necessary to provide an end-of-month odometer reading in order to create a mileage log. Click the Add button to record one. We recommend that you record your odometer reading at each refueling / charging and at the end of the month, and enter this into the program as well! Enter the value…
Note: Adding a refueling / charging is only necessary when using the Actual Expense Method. In the case of using the Standard Mileage Rate, you only need to log your arrival at the gas / charging station (the trip itself), as you would with any other client / location. In Calendar View The Calendar view…
It is highly recommended to have a monthly starting odometer reading for each month. If you have a starting and ending odometer reading for each month, the difference between the two numbers is how many miles you can realistically travel. For an IRS-proof result, use your odometer readings as a base to make sure that…