Exploring the Basics of Mileage

This unit explores the essential components of mileage. Throughout this unit, you gain a comprehensive understanding of personal and company car mileage, including insights into how to access and manage them.

After completing this unit, you are able to:

• Access personal car mileage.
• Update a personal car mileage rate.
• Review historical values of personal car mileage rate.
• Allow map integration.
• Set up a company car mileage configuration.
• Access references.

Mileage refers to the distance traveled by employees for work-related purposes using their personal or company vehicles. Your company tracks the business mileage to reimburse employees for fuel costs, wear and tear, and other expenses. Accurate mileage tracking helps in tax deductions and ensures compliance with company policies.

Understanding mileage is crucial for accurate and fair reimbursement of travel expenses. It forms a substantial part of employee expenses, especially if your company has a significant on-the-ground presence. To set up and configure personal and business mileage, use the Mileage page.

To access the Mileage page, select Edit on Mileage in the Capturing Spend section of the Expense Settings page.