Lyft drivers make use of their personal vehicles to transport passengers. When doing so, fuel is used, and the vehicle is subject to wear and tear. As a result, the driver needs to be reimbursed for these expenses. The individual might choose to track the distance traveled for each job manually, but there is an easier way to handle this task.
A Lyft mileage tracker handles the task of recording the distance traveled for work purposes. Furthermore, it tracks the origin and final destinations along with the time spent transporting the passenger. These apps are an Uber driver’s co-pilot, as they ensure the driver doesn’t forget to update the log when their mind is occupied with other things.
The Necessity of Mileage Tracking
A person driving for Lyft or Uber can be reimbursed for travel expenses unless the contract under which the driver works states differently. Furthermore, the driver might be able to obtain tax rebates, and the IRS provides mileage deductions for men and women who use a personal vehicle for business purposes. To obtain these deductions, the driver must provide the IRS with a mileage log in a clear format. These apps provide the evidence required by this agency to be eligible for reimbursement, and that site provides more information on what is permitted when it comes to deductions.
How Does the Tracker Work?
According to RealtimeCampaign.com, mileage trackers are typically apps that are installed on the driver’s data-connected phone. The app relies on GPS to gather the necessary information, including the distance traveled. The driver then prints a report of this data for tax purposes or when the data is required for another reason.
Features to Look For in a Mileage Tracker
Many companies, includingEverlance, now offer mileage trackers for personal and business use. Each tracker comes with its own features. What should a driver be looking for when choosing a program of this type?
Price is one thing to consider when comparing programs. Free apps might not be accurate, or they may come with in-app ads that are a nuisance. Consider investing in a paid app that offers advanced functionality. However, this app should pay for itself within a reasonable time period to be worth the investment.
The connection also needs to be considered. Most apps rely on GPS tracking, but some connect to the vehicle’s Bluetooth. The driver must take care to only use the app when driving for business purposes. Personal trips cannot be counted for tax purposes. For this reason, some drivers decide to purchase a dedicated device that is only used for business trips.
The power supply is of importance. The phone battery can quickly be drained with the use of an app, and continuous charging of the phone can be detrimental to the car battery. Choose an app that makes use of minimal background power.
Accounting Software Compatibility
Look for a program that works with your existing accounting software. This makes calculations much easier and doesn’t require an additional purchase simply to benefit from the use of the app. Drivers find this is much better than the Excel sheet many apps now offer to report this data.
Compare several apps before choosing one for your business. What works for one individual might not be appropriate for another. Determine your needs and consider them when comparing apps to make the purchase process much easier.