Spencer I., Assistant Controller
Mileage reimbursement involves reimbursing employees for using their personal vehicle for work or expenses for using a company car. For example, you might reimburse employees based on their mileage logs or based on an allowance.
Employee mileage reimbursement programs are often as unique as their organizations. Some organizations still use paper logs. Then, the finance department is tasked with a behemoth of a task: tracking down individual reports, verifying routes, and then individually approving reports.
But there’s a new way to manage mileage—and it comes with a suite of benefits that extend beyond significant cost savings. With intuitive and intelligent technology, you’re sure to ensure mobile employee effectiveness, keep your team happy, and save administrative time across the board.
The benefits of the modern approach include: cutting costs easily, leveraging powerful business insights, keeping employees happy, saving administrative time, and staying audit-ready.
Everlance Business tracks mileage with a top-rated app, streamlines reporting through a user-friendly dashboard, and adds the human touch for a complete solution.
Switching from car allowances to Fixed & Variable Rate reimbursements with Everlance eliminated tax waste. Learn about their transition process in this article.
If employees need to drive often to perform their jobs, businesses can either provide their staff with a company vehicle or have employees use their own personal cars for work. While offering company cars may seem like a good investment, there are tax considerations to keep in mind. Learn more about company vehicles here.