Mileage is a key expense for many sellers and it is tracked separately from the main “other expenses” screen for ease of accounting. You can find your mileage totals on the Profit and Loss statement, under the Reports tab, but it will be in the Other section outside of the main body of the Profit and Loss. This is because mileage is not an expense that is tracked for normal business purposes, but it is something tracked as part of your expenses for tax purposes.
In the mileage screen you can add, edit and delete mileage expenses.
Clicking “ADD” brings up the screen below where you can choose the date the mileage expense occurred, the description and the number of miles driven. The number of miles is then multiplied by the current IRS mileage rate and converted to a dollar amount for the expense to be recorded.
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