Menu

FAQs

FAQ Home   >   expense

What is a default rate? How do I add a default rate?

A default rate is a mileage rate that is created without specifying a date. This is applied to mileage expenses that are recorded before the initial start date. For example, if the mileage rate is defined as .55$ on Feb 1st, then any mileage expenses recorded after that will have that rate applicable. However, if a mileage rate is recorded for January 31st, then the default rate will be applicable for that mileage expense.

To add a default rate, please follow the below steps:

  • Go to Policies.
  • Select the policy for which you would like to add a default mileage rate.
  • Under the mileage tab, click ’+add new rate’.
  • Add a mileage rate without specifying any date and press enter.
  • A new default rate is created, which will be applied to all users associated with this policy.
Related Questions...
Did you find what you were looking for?
Thank you for your feedback!