Setting Mileage Rates

UNDERSTANDING MILEAGE RATES

You can create multiple vehicle types and rates in Neo1 to allow your users to enter and reclaim mileage, or kilometric allowance, for using personal vehicles for work.

Neo1 supports tiered rates for total number of miles/kilometers covered within a calendar year. Follow the step below to create a new vehicle type and mileage policy in Neo1. 

SETTING MILEAGE RATES (Admins Only)

Step 1: Find mileage rates by clicking Settings > Mileage. 

Step 2: Click the plus icon in the top right corn to Create Vehicle Type

Step 3: Use the input form to create your vehicle and define the rates and tiers applicable.

1. Give your vehicle type a name, set the default currency and mark as active.

Click on Tier 1, and input the amount per unit, and any required distance limit. If you wish to use tiering (for example, the first 10,000 miles is paid at 0.45 per mile, then 0.25 after that) you need to input a Distance Limit, then select Tier 2 and enter your lowered rate. Repeat for Tier 3 if also required. 

Click Create when complete.

TIP: You can create separate Vehicle Types for staff with or without a car allowance, and for different types of transport such as motorcycles.