Comparing Tracking Apps — Which Is the Best?
If you’re an Uber driver, some days, you may feel as though your vehicle is your home. Depending on the number of hours you work, you may very well be in your car more often than your house. Since you put so much mileage on your vehicle, it’s critical that you keep track. Here’s why and how to do so.
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The Importance of Tracking Mileage
You work hard for your money, so make sure you maximize profits wherever you can. As an Uber or Lyft driver, you can reduce your tax burden by tracking your mileage. Understanding what you can deduct from the get-go, will help you stay organized so that you’re less frazzled around tax season.
Remember, without taking advantage, you can deduct any expenses that are for work. Meaning, if you need to purchase anything to make a living, it can be deducted — professional clothing, maintenance on your vehicle, mileage, car washes, parking, etc.
It’s important to note, that is you track your general mileage — you can’t deduct maintenance, repairs, gas, etc. More often than not, Uber drivers experience a greater advantage when taking the mileage route — plus, it’s easier to track. With the following apps, you will be able to stay organized, maximizing profits.
Comparing Tracking Apps
Now that you’re aware about the benefits of tracking your mileage, let’s compare apps:
This app essentially tracks your drives, automatically capturing your trips. Taking this process one step further, you can classify rides based on their purpose — business, personal, medical, etc. Being highly customizable, drivers love that they can view their savings — based on the IRS standard mileage rate. See how MileIQ works here.
Cost — Try it for free, then choose the plan that best suits your needs. If you drive less than 40 times a month, you can enjoy this app for free; for unlimited monthly, pay just $5.99/month; and to enjoy unlimited for a year, pay an annual payment of $59.99.
Once again, this app will automatically track your mileage. No need to tap the screen — once you drive more than 5 miles an hour, your mileage will be recorded. Since you can sync all your data between a mobile device and the web, you can make sure that all your data is recorded and properly edited, even if your mobile device is offline.
There are so many great features within this app, which you can view here. Although there are personal plan options, if you drive often, you may be interested in the business version. For personal, you’ll only have mobile access, whereas business accounts have access to mobile + web.
Within the personal account, when you opt for basic features, you can enjoy this app for free or pay $15/year for the advanced features; in comparison to the business account, which is $25/year for a single driver and $40/year for multiple drivers.
With the Everlance app, they’re determined to save you money. They have a neat little calculator on their home page, which allows you to adjust your expected driving. For example, at 20,000 miles, you’re eligible for up to $10,800 worth of expenses. Using automatic GPS tracking, all your data is record to the cloud.
The benefits do not end at mileage though — Everlance helps you easily track expenses so that you can see where money is coming in and out. For instance, you may see revenue of $1000 from Uber, but then you can also see your insurance payment come out, your mobile phone plan, and even food and drink while working. The more you track, the more you save.
At this time, the app is free to use. Expense tracking is Everlance’s initial product and in the future, they plan to develop paid products that will tie into their original app. So, start saving today — it’s as easy as downloading an app. Still unsure? You can check out some of their FAQs here.
When using Hurdlr, you can track all your true Uber expenses — especially mileage, all in real-time, while you’re on-the-go. Within the dashboard of this app, you will be able to accurately visualize — finances, mileage, taxes, and more. It’s the perfect way to keep everything in one place.
Based on set categorization, not only will your mileage be tracked, but your expenses and deductions will be automatically calculated. At this time, Hurdlr is also free to download and use. Like Everlance, they plan to release premium paid features — however, the original app will remain free.
QuickBooks Online Self-Employed
If you want to keep all your expenses and mileage in an easy-to-read format, Quickbooks offers great solutions. Remember, since you’re an independent contractor, you’re technically self-employed. Meaning, you’re the employee and employer — sure, you technically work for Uber, but all of your tax requirements come down to you — so, you’re more so working with Uber.
If you were already self-employed before you began working with Uber, you may be familiar with Quickbooks. As reported on their website, the average user saves a potential $4,340 per year. Based on your needs, the software will automatically categorize your transactions so that you can maximize savings.
Although you can try QuickBook Self-Employed for free, you can now take advantage of a 50% savings for the first 6 months. Meaning, for those who are self-employed (such as you, an Uber or Lyft driver), you will be charged $5/month). If you want to pay $12/month, you will receive a QuickBooks and TurboTax bundle — helping you pay quarterly taxes.
Similar to the preview mileage apps, TaxMileage is easy-to-use, effective, and reliable. This app takes all the manual work out of tracking, capturing all data electronically before exporting it into a PDF or excel worksheet in order to be manipulated. As stated on their website, the average taxpayer can save up to $2,500 based on their mileage.
Like other options, this app is free to try — if you like it, you can then opt for one of three prices. For one full year, you’ll pay $9.99; for two years, you’ll pay $12.99; and for three years, you’ll pay $15.99. If you’re looking for a basic mileage tracker without all the bells and whistles, this is a great option.
Take the frustration our of paper logs and switch to an app like Ride Companion. After you download this app, you will be able to view your rides on a map, showing the routes you took and the overall mileage. You can then drop pins in order to document points of interest; find other drivers in your area; calculate miles using GPS; and much more.
At this time, Ride Companion is a basic tool to help drivers. In the future, they may develop new, more advanced features. Until then, you can try it out for free.
All in one, easy location, you can now track mileage, expenses, income, and so much more. Estimated at $0.54, you will receive this amount for every mile you drive, helping you save during tax time. The app will clearly show you the route, duration, mileage, and deduction.
Once you see how much you’ll save, you’ll wonder why you’re only downloading Sherpashare now — or any of the other mileage trackers, you really can save. The app is free for both Android and iOS devices — however, there’s a limit on the amount of tracking (60 trips per month). To upgrade to unlimited, pay $5 monthly, $25 semi-annually, and $45 annually.
Stop working harder because all you need to do is work smarter — try one of the above risk-free today!
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