To boost your income by doing a side business provides you with increased career flexibility and security. On the other hand, to keep track of expenses and filing a Schedule C is a struggle.
Fortunately, Everlance is a simple app perfectly made to allow you to keep track of expenses, deductible mileage, and also revenue. It tracks upcoming business revenues and also creates tax prep reports. Everlance also has a robust mileage tracker for people that wants to keep track on their mileage. If you happen to be running your own business, consider Everlance your favorite.
Everlance makes paperwork very simple for those who are running a straightforward business. These are the benefits of this app.
The Everlance Trip Tracker
The Everlance trip tracker makes use of GPS in recording the distance you drive. This trip tracker can be categorized as work or personal with just a swipe. This is one of the features that Everlance users rave about the most. The trip tracker is the option for Lyft or Uber drivers, home care assistants, photographers, and also people who drive to their various businesses.
The Trip Tracking Services
Everlance is made up of two-tiered trip tracking services. The good thing about the first tier is that it costs nothing. But the other thing is that, if you opt for the free version of the trip tracker, you will have to manually track trips by using one of two options. Which is, you can manually begin the trip tracker by just tapping on “+” and then “Start Tracker.”
But if maybe you forget to start the tracker for a work trip purpose, then you can just retroactively go back to the trip by tapping on “+” then tap on “Trip” and you will also need to type in your starting and finishing location. The app will then calculate the mileage for your trip.
The Second Tier
This is also known as automatic tracking. You will need to upgrade to Everlance Premium before you can make use of this tier. It is advisable to make use of this tier if you are the type that always drives to work.
This premium version of the tier costs $8 per month or $60 per year that is if you want to pay annually. There can be $20 off your subscription if you type in the code TCI20 on the Everlance.com web page.
It might be really to track your expenses, but Everlance can handle that problem for you by giving you access to photograph receipts and categorized expenses from your mobile phone. It stores all the data on the cloud, and you can be able to access the stored photos any time you want.
The feature of tracker revenue is known to be Everlance’s Achilles Heel. To categorize and enter revenue from different sources is actually a problem if you always receive income electronically. It means you will have to enter the data manually or leave it blank since it’s not possible to import bank statements.
The Tax Prep Reports
This report provides you with a CVS file containing all your expenses, mileage, revenue and image files. The reports make it very easy to fill out a Schedule C for tax filing.
The Customer Service
One thing with the premium customers is that they have special access to the Customer Service Reps. You can be able to chat with reps directly with the app.
Everlance provides a free 10-day Premium trial, but a lot of these benefits are only available in their free version. While the premium costs $8 monthly or $60 annually.
If you run your own business, you will benefit a lot from making use of Everlance.