Shoeboxed Receipt Tracker Now Tracks Mileage & Receipts to Deduct
Today, we’re thrilled to announce that the Shoeboxed Receipt Tracker app you know and love has two awesome new features: mileage tracking and receipt tagging! The new app is now available as a free download for iOS and Android.
The new app allows you to track mileage using your phone’s built-in GPS for unmatched ease and accuracy.
To try it out, simply navigate to the “Trips” area of the app and click the “Start Trip” button to begin a new trip. Your location is now saved, so time to start driving (after you put your phone down)! When you reach your destination, click “Stop Trip” and the app will generate a trip summary, including the date, ability to name the trip, editable mileage and deductible rate information. We’ll even show you the route you took.
Once you’ve edited and approved the information, click “Done” and the trip info (along with the map) will be submitted to Shoeboxed as a receipt under an automatically created category for mileage.
But what if you have to stop on the way for business purposes, perhaps for a lunch meeting? No worries! You can still submit a receipt for your meal (and show off the awesome app to your colleague) without interrupting your trip.
Now, after you submit a new receipt, we’ll give you three options: “Remind me to reimburse this,” “This is tax deductible,” or “I’m not sure.”
The first two options will automatically create a new category in your Shoeboxed account — “Reimbursable” and “Tax Deductible” — so that you can easily create reports with just receipts that match this criteria. Then you can submit the report to your employer to be reimbursed, or reference the report come tax time to make sure you take all of the deductions for which you qualify.
Not sure what should be reimbursed and what should be deducted? Check out our Tax Deductions Cheat Sheet to learn about the most common deductions and how they can help you save on your taxes.
As always, if you have any questions about our new mileage tracking or receipt tagging features, you can reach us by phone at 919-687-4269 or by email at email@example.com.
The Shoeboxed Team