Easy Idea for Tax Treatment of Business Mileage
I use Quicken to maintain accounts for my rentals. I use multiple vehicles and instead of multiple vehicle logs, I record my business mileage into a special Quicken Account that uses "miles" instead of any currency to create an asset balance. Right now, at the end of the year it is necessary only to multiply the "miles" by the current IRS standard mileage rate to determine my business vehicle costs for taxes using the standard mileage method. IDEA AND SUGGESTION: Why not provide a special type of account that uses some non-currency unit and the automatically, for each transaction, multiplies or does some other simple math to create and enter the currency equivalent. (i.e. user types in miles and after the math, quicken enters dollars, etc.) Alternatively, this could be a report feature where the math was done only at reporting time. Either way would reduce a manual step at tax time.
Inaugural (Intuit) Quicken user ... still here.