MasterYourMoneySmart
MasterYourMoneySmart
App Features
Car expenses tracker will help you monitor and control car safety and expenses. The application fits well for any individuals as well for the users who need to track the business use of cars (Uber, Taxi or couriers).
Multiple cars support
One app for multiple cars tracking, One view for current month, total and average costs.
Car business use
Car expenses recordkeeping for self-employed individuals, or other taxpayers (IRS, ATO...)
Expenses Statistics
Simple view to asses average car usage costs, mileage and car age.
Export to CSV
As required by law, data export will help you to substantiate your car business use expenses.
Car maintenance
Regular and periodic car maintenance view. Mileage or date based remainders to keep car in good condition.
Cloud data storage
No need to migrate data between old and new device. All data are available in secured cloud storage.
Car expenses for business use
Step 1. Record car tax deductible expenses
For US based taxpayers you can use two methods: the standard mileage rate method or the actual expense method
Step 2. Set mileage rate and business use percentage
You can use prefilled values for IRS / ATO or set your own customized values. if you use the car for both business and personal purposes set the percentage of business use.
Step 3. Monitor your car Actual Expenses
Step 4. Monitor your Standard Mileage Rate
Step 5. Compare which method gives larger deduction
For US taxpayers who qualifies to use both car expenses tax deduction methods, you can check which one gives you a larger deduction.
Any questions?
Check out the FAQs
Still have unanswered questions and need to get in touch?
Yes, the Car Expenses tracker Lite version is available both for IOS and Android. The Lite version is limited to one car support.
It’s to protect and respect you privacy in connection to usage of Car Expenses Tracker and Car Expenses Tracker Lite mobile application.
The policy can be updated from time-to-time at the sole discretion. This privacy policy (“Privacy Policy”) and/or any other documents applies to persons anywhere in the world who use our “Products”. We may collect information about you in the following general categories :
- Personal data: e-mail address.
- Device information: operating system version, device type, and system performance data.
- Location Information: we may collect the precise location of your device when the app is running in the foreground or background.
- Log Information: we collect logs on the server, with device IP address, access dates and times, app features and app crashes.
- The app uses third parties like Google or Apple, the data collected may be used in accordance with their privacy policies and terms of service.
n the app you can log the car private and business use. You can log you car business use kilometers as well as log the overall car costs multiplying those with business use percentage.
Cost per kilometre method. Log you mileage cost in the “New expense” view, “Standard mileage rate” tab.
Logbook method. Log you mileage cost in the “New expense” view, “Actual car expenses” tab.
Once you put all the expenses, you can use custom mileage rates in “Settings” view. If you use car for private and business you can set the percentage of business use. The app will help with estimate of business use percentage based on you inputs.
The summary of the Standard Mileage and Actual Expenses are available in “Main” view in the Tax” tab.: You can easily check which method will bring biggest Tax Deduction.
You can also use detailed view for each method as well as export to CSV