MileIQ
MileIQ is a mobile application designed to automatically track and log mileage for tax deduction and reimbursement purposes. It is particularly useful for self-employed individuals, small business owners, and anyone who needs to keep accurate records of their driving for work-related purposes.
Features[edit | edit source]
MileIQ uses the GPS functionality of a smartphone to automatically detect when a user is driving. The app then logs the trip and categorizes it as either business or personal. Users can easily classify their trips by swiping left for personal and right for business. The app also allows for custom categories and notes to be added to each trip.
Automatic Tracking[edit | edit source]
One of the key features of MileIQ is its automatic tracking capability. Once the app is installed and set up, it runs in the background and automatically records all trips without the need for manual input. This ensures that no trips are missed and that the mileage log is always up to date.
Reports and Integration[edit | edit source]
MileIQ provides detailed reports that can be used for tax filing and expense reporting. These reports can be exported in various formats, including CSV and PDF. The app also integrates with popular accounting software such as QuickBooks and Xero, making it easy to sync mileage data with other financial records.
Usage[edit | edit source]
MileIQ is available for both iOS and Android devices. Users can download the app from the App Store or Google Play. After installing the app, users need to create an account and set up their preferences. The app offers a free tier with a limited number of trips per month, as well as a premium subscription for unlimited trip logging.
History[edit | edit source]
MileIQ was founded in 2013 and quickly gained popularity due to its ease of use and the accuracy of its mileage tracking. In 2015, the company was acquired by Microsoft, which has since integrated MileIQ into its suite of productivity tools.
See Also[edit | edit source]
- Mobile application
- Tax deduction
- Self-employed
- Small business
- GPS
- Smartphone
- Accounting software
- QuickBooks
- Xero
References[edit | edit source]
External Links[edit | edit source]
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