Keep your mileage rates up-to-date so you can always take advantage of the
latest IRS deduction rates for your business vehicles. QuickBooks calculates
the appropriate mileage expense based on the dates and rates you enter in the
Mileage Rates window. Check regularly with the IRS for the latest rates and
enter each date and rate change as it becomes effective.
To do this task
Go to the Company menu and click Enter Vehicle Mileage.
Click Mileage Rates.
Select a date from the calendar for the
Effective Date and press Tab.
Enter the IRS rate for that date, then click Close.
IRS Web site (www.irs.gov)
to look for further information about vehicle mileage.
Entering vehicle mileage
Adding a vehicle to track its