Mileage Reimbursement Rate Decreases for 2014

For our U.S. customers, we want to let you know that the IRS announced the federal mileage reimbursement rates for 2014. As of January 1, 2014, the federal mileage reimbursement rate will decrease to 56 cents per mile (see the IRS web site for details).

We recommend that you verify your company's mileage reimbursement rate is set correctly in ClickTime. In order to edit your company's mileage rate, follow these steps:

1. Sign in to ClickTime (you need to be an administrator).
2. Click the "Expenses" link on the menu bar under the Company tab.
3. Click the "Expense Types" link.
4. Click on the name or "edit pencil" icon of your "mileage" expense type.
5. Edit the rate value. For example, enter 0.56 for the new federal rate.
6. Choose whether to apply the rate change to expenses that haven't been approved.
7. Save your changes.

If your company has multiple mileage expense types, remember to repeat steps 4-7 above for each appropriate expense type.

Check out this Wikipedia article if you're interested in how the federal mileage rate has fluctuated over time.