Understanding Mileage Tracking Across States
Tracking mileage across state lines is a critical requirement for businesses subject to the International Fuel Tax Agreement (IFTA). Accurate mileage tracking ensures compliance and optimizes reimbursement processes. However, manual tracking methods often lead to errors, with 80% of timesheets containing inaccuracies. Automated solutions have transformed this landscape, saving businesses significant resources. For instance, companies can save over 4,000 hours annually by switching to automated mileage tracking systems, offering substantial productivity gains and cost efficiency.
While Harvest does not support GPS-based IFTA tracking, it allows for manual odometer entry, which can reliably document state-specific mileage. This feature is essential for companies that need accurate state mileage records without investing in complex fleet management systems. By enabling easy manual entry, Harvest provides a straightforward solution for businesses focused on project-based expense tracking.