A TAX DEDUCTIBLE EXPENSE.
VehicleLog is fully compliant with Australian Tax Office requirements where the logbook method is used to claim the percentage business use of a vehicle.
This app supports
- multiple vehicles.
- multiple logbook periods.
- calculates & reports your % business use.
- editing of existing trip records.
- publishes both CSV files and a PDF formatted report for your logbook.
- creates an audit report in both CSV and PDF format every time you publish.
- optional use of GPS to automatically calculate the end odometer value.
- quick & easy selection of purpose of journey via favourites.
- iphone calendar entries can also be selected as the purpose of the journey (e.g. Sales Meeting: ACME Incorporated).
Send it directly to your employer, accountant or tax agent. You do not need to perform any additional calculations or spreadsheet manipulations.
You can claim the cost of this app in your tax return. It is a legitimate expense and is fully tax deductible.
The ATO requires a logbook be kept for a continuous 12 week period. As long as this period is representative of the normal business use of the vehicle it remains valid for five years ( for further information refer to the ATO website ). This app may also be suitable for use in other countries where car logbooks are kept for tax purposes e.g. New Zealand, UK (Company Vehicles benefits-in-kind) etc.
The application can also be used by employees who use their own vehicle for work related travel and need to submit KM reimbursement claims to their employers.
Of the many features of VehicleLog, one of the most powerful is its integration with the iPhone's calendar.
You can quickly select your purpose for a journey straight from you calendar entries!
VehicleLog lists all calendar entries for one week either side of your trip start date. This is a great time saving feature but also important for evidentiary records of your logbook entries.
If you dont find an entry in your calendar entries to match the purpose of your journey, scroll up and select an entry from your favourites as the purpose for your journey.
For business apps on the Australian iTunes App Store, VehicleLog is consistently ranking highly in both the Top Apps and Top Grossing charts. Further information and discussion related to VehicleLog can be found on our blog .
