How to calculate mileage reimbursement
Calculating mileage reimbursement may seem like a hassle, yet it's a necessity for both businesses and their traveling employees. Whether you're a seasoned road warrior or new to the concept, grasping the fundamentals will ensure accurate and compliant calculations. When you understand every mile on the road's worth, in essence, it translates to fair compensation for the journey taken. In this guide, we'll look at how to calculate reimbursement for mileage, how to know which rate to use, and ensure your travels add up to the correct amount for reimbursement.