Employee Mileage Log - Keep Track of Total Miles and Reimbursement with Description

Are you an employer who needs to track and reimburse mileage expenses for your employees? Or are you an employee who needs to keep an accurate record of your business-related trips for tax purposes? Look no further! At BizzLibrary.com, we have a comprehensive mileage log template that can simplify the process and save you time and money.

What is a Mileage Log?

A mileage log is a document used by employees and employers to keep a record of business-related trips. This helps to calculate the mileage expenses that need to be reimbursed to the employee as well as for tax deductions. Keeping an accurate and detailed mileage log is crucial for both employers and employees to facilitate the reimbursement process and avoid any potential issues with the IRS.

Why Use a Mileage Log?

Here are some reasons why keeping a mileage log is important:

• Accurate Record Keeping: A mileage log provides an accurate and detailed record of an employee's business trips, including the date, mileage, destination, and purpose of the trip.
• Better Reimbursement Process: By maintaining a mileage log, employees can claim reimbursement for the actual cost of their business-related trips. It also enables employers to verify the claims and easily reimburse the employee accordingly.
• Tax Deductions: If the employee is using their personal vehicle for business purposes, they may be able to deduct the mileage expenses on their tax return. Having a well-kept mileage log is essential for calculating the deductions accurately.

What is Included in Our Mileage Log Template?

Our mileage log template is designed to be simple yet comprehensive, making it easy for both employees and employers to use. Here's what it includes:

• Employee Details: The template includes a section to fill in the employee's name, department, and job title for easy identification.
• Description of the Trip: It includes fields to enter the date, destination, purpose/notes, and starting and ending odometer readings to track the total miles travelled.
• Reimbursement Calculation: The template automatically calculates the total miles travelled and the reimbursement amount based on the employer's approved reimbursement rate.

Download Our Mileage Log Template Now!

Save yourself the hassle of manually tracking and calculating your mileage expenses. Our mileage log template is available to download in XLSX format, making it easy to use and customize as needed. Visit BizzLibrary.com today and download our mileage log template to streamline your mileage tracking and reimbursement process.