Mileage Log

Keeping an accurate mileage log is essential for any business, especially for those where travel is required. At BizzLibrary.com, we understand the importance of tracking mileage, both for tax and reimbursement purposes. That's why we offer a mileage log template to make it easy for you to keep track of your business mileage and ensure accurate deductibles.

Why Do You Need a Mileage Log?

A mileage log is an essential tool for any business that requires travel to conduct its operations. It allows you to keep track of the distances you have traveled for business purposes, which is important for calculating your tax deductions and reimbursements. Here are some of the main reasons why you need to keep a mileage log:

1. Tax Reporting: When you use your personal vehicle for business purposes, you can claim a tax deduction for the related expenses. However, the IRS requires accurate and detailed records of your mileage, including the date, time, destination, and purpose of each trip. A mileage log can help make sure your tax return accurately reflects your business mileage.
2. Reimbursement: If your employer or client reimburses you for business mileage, a mileage log is necessary to provide them with an accurate and detailed record of your travel distances. This will help ensure that you receive the proper amount of reimbursement for your work-related travel.
3. Budgeting: Keeping track of your business mileage can help you forecast expenses and budget accordingly. Knowing how much you spend on travel each year can help you plan for the future and allocate your resources effectively.

What Does Our Mileage Log Template Include?

Our mileage log template is designed to be easy to use while providing all the necessary details to accurately track your business mileage. It includes the following features:

• Description of Travel: The template includes fields to describe the nature of each trip, including the purpose of the travel, the destination, and the starting and ending location.
• Authorized By: In some cases, your employer may require approval for business travel. This feature allows you to identify the authorized individual who approved your travel.
• Date of Travel: The template includes spaces to record the dates of travel, making it easy to see how frequently you travel for business purposes.
• Odometer Readings: Recording your odometer readings at the start and end of each trip is essential for accurately calculating your mileage.

Download Your Mileage Log Template

Our mileage log template is available for download in XLSX format, making it compatible with Microsoft Excel and other spreadsheet applications. Keeping a mileage log has never been easier - simply download our template today and start tracking your business mileage with confidence.

Visit BizzLibrary.com now to access a wide range of business document templates, including mileage logs, sales agreements, and more. Streamline your business operations and stay on top of your game!