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MileIQ is a personal finance app that allows users to track their spending, budgeting and planning. It offers an intuitive interface with helpful tools such as budgets and goals alongside the ability to connect data from different sources.
MileIQ is a mileage tracking app that lets you easily track your spending and saves on gas. MileIQ offers free and paid plans, with the free plan costing $1.99/month. Read more in detail here: mileiq cost.
MileIQ is a cloud-based mileage monitoring software that automatically analyzes your driving and mileage and categorizes your travels as personal or professional excursions. Because MileIQ is a Microsoft product, Office 365 Business members get free limitless tracking. MileIQ is free for the first 40 journeys each month, but if you need to go beyond that, you may subscribe to the Unlimited plan for $5.99 per month. MileIQ is available as a mobile app and an online dashboard.
MileIQ is a website that provides information about miles.
MileIQ is recommended for the following purposes:
If you require basic mileage monitoring, for example, you drive a personal automobile for business reasons, we suggest MileIQ because of its price and simplicity. It lacks several capabilities, such as route planning and expenditure monitoring, but it may still be a useful tool for tracking distance. If you require spending monitoring and accounting tools, such as tax computation, you may have to search elsewhere.
MileIQ Is Particularly Beneficial for
- Individuals who just need to track mileage for tax purposes or reimbursement of expenses: MileIQ focuses on automated mileage monitoring, making it a good match for both self-employed people who want to save money on taxes and business drivers who want to be compensated appropriately for miles. MileIQ is one of our top mileage monitoring applications, especially for those looking for a straightforward way to keep track of their travels.
- Drivers who use the same routes: The software identifies frequent travels, which is a handy feature for drivers who take the same routes on a regular basis.
- MileIQ’s Shifts at Work functionality enables company drivers with irregular working hours to arrange several working shifts for a single day or many days.
- Office 365 Business customers receive free limitless monitoring with MileIQ if they subscribe to Office 365 Business Standard, Premium, E1, E3, or E5. To take advantage of this free benefit, just register your Microsoft account with MileIQ.
MileIQ Isn’t Right for You
- Accounting and spending monitoring functionalities are required for the following businesses: QuickBooks Online has a mileage tracking function that records your miles using GPS, categorizes your costs, and creates thorough reports. Because of its spending tracking and bookkeeping tools, QuickBooks beats out MileIQ as our pick for the best small company accounting software.
- Drivers who want route planning capabilities should be aware that MileIQ does not enable you to plan routes for future journeys. TripLog, our recommendation for the best mileage monitoring software overall, has a route planning function that’s ideal for corporate delivery drivers.
- Individuals that are self-employed and need tax and tracking reporting: While MileIQ’s reports are useful for tax compliance, Hurdlr is better for self-employed people since it calculates quarterly tax payments by monitoring your revenue and deductions.
Competitors vs. MileIQ
In terms of cost and functionality, the table below compares MileIQ to the other mileage tracker applications on the market.
Pros and Cons of MileIQ
MileIQ is a website that provides information about miles.
Pricing for MileIQ
MileIQ has options for both personal and team usage. You may try MileIQ for free for 40 drives per month with the Personal package, then upgrade to the Limitless plan if you require unlimited mileage monitoring. For $50 per driver, each year, MileIQ’s Lite plan is available to those interested in the For Teams package.
MileIQ is releasing a new option called Teams Pro for $100 per driver, per year, if you want a premium solution. Pro has not yet been launched as of this writing (February 23, 2022). To learn more about the Pro plan, contact the supplier.
Pricing by Mile IQ (Personal)
- Free Trial: For the first 40 drivers every month, the service is provided for free.
- $5.99 per month or $59.99 per year for unlimited access
Pricing by Mile IQ (For Teams)
MileIQ’s Advantages
MileIQ includes numerous helpful features that may help you automate your mileage tracking processes, albeit it isn’t as extensive as other mileage tracker applications like TripLog and Hurdlr. Some of MileIQ’s most prominent features are listed below.
Classification Assist
A mileage tracker must be able to classify drives since you don’t want a work trip to be labeled as a personal journey. You may categorise journeys in MileIQ using the mobile app or the online dashboard.
Mobile App Classification
On the app, there are three options to categorize drives.
1. Personal or business categorization For business, swipe right, and for personal, swipe left:
Swipe left for personal or right for business (Source: MileIQ)
2. Custom purpose classification: With a lengthy swipe to the left or right, you may create a custom purpose depending on the category. A grid will show for iOS users. Instead, you’ll see a list on Android:
- Business has a number of subcategories.
- In the intervals between workplaces
- Visit by a customer
- Meeting
- Errand/Supplies
- Meal/Entertain
- Temporary location
- Airport/Travel
- Subcategories in the Personal category
- Commute
- ($) for medical services
- ($) for charity
- Moving
3. MileIQ includes a special widget for iPhone and iPad users that may help you categorise drives without ever opening the app. iPhone 7 and later users may categorize drives from their alerts.
MileIQ may be customized.
You can MileIQ may be customized. in many different ways, including vehicles, Detection of drives, and Stuck in Congestion.
Vehicles
MileIQ allows you to add several cars, whether they are personal or company-owned. You may also add details to help you identify the car, such as the make, model, and year, as well as a nickname:
Using the MileIQ App for Android and iOS to Add a Vehicle (Source: MileIQ)
You can also add a vehicle to your account via the web dashboard. Go to the MileIQ web dashboard and click Settings. From there, go to Vehicles & Odometer, then click Add New Vehicle:
On the MileIQ Web Dashboard, you may add a vehicle. (Image courtesy of MileIQ Support)
Detection of drives
MileIQ reports and recognizes a new trip if you travel at least a half-mile from your current location. The variance for Detection of drives is less than a mile. MileIQ may occasionally disregard drives of less than a mile, depending on your last known location.
Stuck in Congestion
MileIQ has a 15-minute grace period before it stops tracking your trip. If you’re Stuck in Congestion, MileIQ will continue recording your trip unless you’ve been idle for more than 15 minutes. In that case, MileIQ will record a new trip once you start moving again.
The Drives View on the MileIQ Dashboard
Another approach to manage your company’s drivers and driving history is via the MileIQ online dashboard. Unlike the smartphone app, you’ll be able to examine a complete history of your previous driving and create extensive reports:
The MileIQ Dashboard’s Drives View (Image courtesy of MileIQ Support)
The MileIQ dashboard’s Drives View may let you examine, categorize, and update your drives. You may make adjustments one at a time or in bulk. When you log in, you’ll see the Drives View by default. If you wish to view your driving history, use the calendar drop-down option in the top left corner. To view the categorization categories, choose them from the drop-down box beside the date filter.
You may filter by purpose in addition to date and category. The data is depicted as a pie graph on the Drives Summary panel, with the custom categories in the boxes beside it. This information may assist you in understanding how drives are classed and what they are used for:
On the MileIQ Dashboard, you may filter by purpose (Source: MileIQ Support)
You may continue categorizing drives while on the MileIQ dashboard. However, it is not the same as the mobile version. For commercial drives, click the suitcase symbol, and for personal drives, click the home icon. Click on a driving record to open a window on the right side of the screen where you may make modifications. You may then change your journey by adjusting the distance traveled, adding a parking or toll price, choosing a vehicle, and writing comments about the journey:
On the MileIQ Dashboard, you can classify and edit drives (Source: MileIQ Support)
You may create a catch-up record using the MileIQ dashboard if you neglected to add a drive before the trip. A pop-up box will open when you click “Add a drive.” Enter the starting point and destination, and MileIQ will automatically calculate the miles traveled and their value:
Adding a MileIQ Drive to the Dashboard (Source: MileIQ Support)
Reports View on the MileIQ Dashboard
To create and examine reports, go to the Reports View from the Drives View. This view contains MileIQ’s report builder, which may be used to create accounting or tax compliance reports:
Using the Report Builder, create a report (Source: MileIQ)
Adjust the settings if you wish to make a report (such as date filter, category filter, and vehicle filter). To build the report, click “Create this report” after everything is in place. You’ll see a popup inviting you to accomplish the following:
- Give your report a name.
- Email, Concur, or Freshbooks may all be used to send the report.
- Make a copy and send it to an email address.
- The submitter’s name.
- The project’s name.
- The client’s or customer’s name.
- Rates for business.
Make sure the “Mark as reported” option is set to “yes.” Then, to create your new report, click “Create Report.”
After you’ve produced a report, go to the Past Reports section to see it. You may download freshly developed and previous reports as comma-separated values (CSV) files or PDFs from this page:
MileIQ allows you to see reports (Source: MileIQ)
MileIQ App for Android and iOS
4.6
In the App Store
4.3
Google Play Store
The MileIQ App for Android and iOS tracks your mileage automatically, eliminating the need to manually start and stop recording. It allows you to classify your drive with a single swipe—right for business and left for personal. After tracking your drives, you can quickly obtain the results you need for taxes or expense claims. The app is available Google Play Store and the App Store.
Drives Frequently
MileIQ classifies your trips automatically with its Drives Frequently feature. This feature is useful for drivers who take the same route or locations for their commute. The app will detect and remember the routes you take frequently and assign the same tag in the future on your behalf. You can view the details or re-classify a trip if needed from the web dashboard.
When you classify a drive for the first time and MileIQ offers to classify it again in the future, you’ll get a message on your smartphone indicating that it has the potential to be a regular drive:
MileIQ’s Potential Frequent Drive Notification (Source: MileIQ)
Hours of Work
With the Hours of Work feature, MileIQ will classify those hours outside of your working shift as personal automatically. All you need to do is to set your normal business hours, and only trips within those hours will be recorded in the app as business. The rest of the drives are classified as personal automatically. You can always review your drives from the web dashboard and reclassify them if needed.
To enable Hours of Work in the mobile app, go to Account Settings from the Menu tab, click on Hours of Work, and toggle the slider to the right:
Enabling Hours of Work from the MileIQ App for Android and iOS (Source: MileIQ)
To activate Hours of Work from the web dashboard, go to Settings and then click on the Auto-Classification tab to display the Hours of Work section. Slide the toggle switch to the right to activate Hours of Work, adjust the time based on your schedule, and click the Save button:
Enabling Hours of Work from the Web Dashboard (Source: MileIQ)
Shifts at Work
For those who have irregular working schedules, Shifts at Work allows you to set multiple working hours for the same day or multiple days. For instance, if you’re a rideshare driver in the morning and evening, simply turn on Shifts at Work and your personal drives will be classified automatically. You can add shifts when setting your schedules with the Working Hours feature.
For iOS, there’s a MileIQ Drive Classifier Widget.
You may examine and categorize your travels without having to launch MileIQ by using the classifier widget. All you have to do is drag the MileIQ widget onto your iOS device’s Today View. Swipe right on your home screen, notification screen, or lock screen to activate the widget. Click Edit, then choose + MileIQ Drive Classifier from the More Widgets: drop-down menu.
On an iOS device, you may add the MileIQ Widget to your Today View. (Image courtesy of MileIQ)
Alternatives to MileIQ
Conclusion
MileIQ is the appropriate choice if you require an automated mileage tracker for mileage reimbursement or tax reasons but don’t need accounting or spending monitoring. It’s easy to forget to register your business drives now and again, so a simple automated mileage tracker like MileIQ comes in handy.
You may easily identify your excursions as personal or professional with a single swipe. The free version allows you to monitor up to 40 journeys each month, which should be adequate if you travel once a day. If you’re afraid that you’ll take more than 40 journeys, you may sign up for one of the premium plans, which are often less expensive than comparable programs.
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