How do I calculate miles driven in Excel?

How to Create a Mileage Expense Sheet in Excel

  1. Start Excel and select the “File” tab.
  2. Enter trip details.
  3. Enter odometer readings from the beginning and end of your trip.
  4. Add fields.
  5. Change the appearance of the worksheet.
  6. Calculate mileage reimbursements if the template does not do so.

How do I calculate drive time in Excel?

To display drive times as “days hours:minutes” in Excel

  1. Calculate the drive time: =DriveTime (A2,B2)/(24*60)
  2. Highlight the cells whose format you want to change.
  3. Select the “Cells…” command in the Format menu.
  4. In the Number tab, choose the Custom category.

How do I calculate miles driven for work?

Mileage Rate Calculator Multiply the number of miles you drove by your company’s approved mileage reimbursement rate. For example, if you drove 1,000 miles for work and the reimbursement rate is 54.5 cents per mile, you would multiply 1,000 by . 545 which equals $545.

What is the standard mileage method?

The Standard Mileage method is a much simpler way of calculating the business use of your car. It does not require you to track individual purchases and save receipts. Instead, you simply keep track of your mileage for the tax year.

How do I calculate average distance in Excel?

The length of a line can be calculated with the distance formula, which looks like this: Distance is the square root of the change in x squared plus the change in y squared, where two points are given in the form (x1, y1) and (x2, y2).

How do you calculate fuel cost per mile?

Divide total actual or estimated fuel expenses by actual or estimated annual miles driven to calculate annual fuel cost per mile. For example, if you drove 15,000 miles and spent $1,600 on fuel over the past year, your fuel cost is 1,600 divided by 15,000, or 10.67 cents per mile.