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Tracking Mileage

Tips and advice on how to use Landlord Vision.
dsteeletes
Posts:1
Joined:Mon Jun 13, 2016 9:12 am
Tracking Mileage

Postby dsteeletes » Thu Jun 30, 2016 12:33 pm

Can anyone advise the best way to record mileage to and from properties and how this can be calculated at the end of the tax year

admin
Site Admin
Posts:17
Joined:Mon Sep 28, 2015 11:01 am

Re: Tracking Mileage

Postby admin » Sun Jul 03, 2016 10:22 am

Hi,

There is no facility to actually record the miles entered, travelling to and from a property, and then having expenses calculated automatically on the back of this.

Instead, mileage expenses are entered under: Property Manager ==> Expenses.

You simply enter what you are claiming and assign it to the category 'Travel'. You can enter the amount of miles traveled for each expense claim in the 'Description'.

This will then be automatically claimed as deductible expense on the landlord tax report.

Kind regards
John

lettingst0
Posts:2
Joined:Sat Jun 27, 2020 2:17 pm

Re: Tracking Mileage

Postby lettingst0 » Fri Aug 14, 2020 9:33 pm

I know this is an old thread but does anyone have any ideas on how to reconcile this? Creating the expense is straightforward enough but unless I actually charge myself for the travel and withdraw the money from the account then I don't know how to reconcile it. Can I do this manually, or will the account balance be out?


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