Tracking mileage and business expenses can be a daunting task, but with the help of apps, it has become easier. In this article, we will be discussing the best app for tracking mileage and business expenses in 2023.
Why is it important to track mileage and business expenses?
Tracking mileage and business expenses is crucial for any business owner or individual who needs to keep track of their finances. It helps to determine the profitability of the business and also helps to prepare accurate tax returns.
The Best App for Tracking Mileage and Business Expenses
After researching and using various apps, we have found that the best app for tracking mileage and business expenses in 2023 is Expensify.
Expensify is a user-friendly app that offers a variety of features to make tracking expenses easy. It allows users to scan receipts, track mileage, and store credit card information. Expensify also has a feature that auto-generates expense reports, making it easy to file taxes.
Features of Expensify
One of the best features of Expensify is the SmartScan feature. This feature allows users to take a photo of their receipt, and the app will automatically extract the relevant information from the receipt and create an expense report. Expensify also allows users to track mileage by using GPS tracking. Another great feature of Expensify is the ability to store credit card information. Users can link their credit cards to the app, and it will automatically track expenses made using the card. This feature eliminates the need to manually enter expenses, making the tracking process faster and more efficient.
Cost of Expensify
Expensify offers a free version of the app, which allows users to track up to 25 receipts per month. For those who need to track more receipts, Expensify offers paid plans. The paid plans start at $4.99 per month and offer additional features such as unlimited receipt tracking and advanced expense policy enforcement.
In conclusion, Expensify is the best app for tracking mileage and business expenses in 2023. It offers a variety of features that make tracking expenses easy and efficient, and the cost is reasonable for the services provided. With Expensify, tracking expenses has never been easier.