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Jan 22, 2021 8:53 PM UTC
Question

I do a lot of driving. Quickbooks has restriction of tracking taxable motor vehicle expenses to 5000 km per car and can only add three cars. How do others who do more than 15000km get around this"

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1 reply

MaryLurleenM
Jan 22, 2021 10:45 PM UTC

Hello there, wiggsama,

 

You're right, you can only track a maximum of 5000 kilometers per vehicle. If you maxed out the three vehicles, I recommend checking with a tax advisor. They will be able to give advice on how to go about reporting this information for year-end taxes.

 

Please see this article for more details:  Automatic Mileage Tracking in the Mobile App.

 

See Australian Taxation for Business for more information.

 

I'll be right here if you have other questions.