MasterYourMoneySmart
MasterYourMoneySmart
In 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.
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 (Car expenses full version feature)
