1 00:00:04,600 --> 00:00:08,560 Speaker 1: Everlance is an essential app for entrepreneurs, freelancers, and anyone 2 00:00:08,600 --> 00:00:10,920 Speaker 1: else who wants to track mileage and expenses. 3 00:00:10,960 --> 00:00:13,440 Speaker 2: What's going on. I'm Rich Demiro. This is rich on 4 00:00:13,560 --> 00:00:14,120 Speaker 2: Tech Daily. 5 00:00:14,640 --> 00:00:17,520 Speaker 1: Recently, I've been testing out an app called Everlance. It's 6 00:00:17,560 --> 00:00:21,440 Speaker 1: an automatic mileage tracker, but also much more. The company 7 00:00:21,480 --> 00:00:23,360 Speaker 1: sent me up with a premium account so I can 8 00:00:23,400 --> 00:00:25,520 Speaker 1: try it out, and I was actually kind of hesitant 9 00:00:25,600 --> 00:00:27,400 Speaker 1: to even try this app out because I was so 10 00:00:27,520 --> 00:00:30,319 Speaker 1: used to what I normally use, which is called mile Iq. 11 00:00:30,560 --> 00:00:33,479 Speaker 1: I've been using that for years, but I'm grown to 12 00:00:33,560 --> 00:00:36,400 Speaker 1: like Everlance much more than that app. And that's because 13 00:00:36,720 --> 00:00:39,279 Speaker 1: while mile iq was great at tracking the miles that 14 00:00:39,320 --> 00:00:42,920 Speaker 1: you drive, everlance is more of a personal accounting tool 15 00:00:43,000 --> 00:00:46,560 Speaker 1: for independent professionals. You can track your mileage and your 16 00:00:46,640 --> 00:00:50,080 Speaker 1: expenses now. For starters, the app is free, but like 17 00:00:50,120 --> 00:00:53,239 Speaker 1: most freemium models, if you want to unlock the best features, 18 00:00:53,400 --> 00:00:55,600 Speaker 1: you're gonna have to pay for full access to the app, 19 00:00:55,640 --> 00:00:57,760 Speaker 1: which is eight dollars a month if you pay monthly, 20 00:00:58,160 --> 00:01:00,360 Speaker 1: but I'd recommend paying by the year because then it's 21 00:01:00,400 --> 00:01:02,160 Speaker 1: only five dollars a month if you pay for the 22 00:01:02,240 --> 00:01:05,319 Speaker 1: year in advance, which comes out to sixty dollars. Then 23 00:01:05,480 --> 00:01:07,720 Speaker 1: if you use my referral code, which everyone gets once 24 00:01:07,760 --> 00:01:10,680 Speaker 1: you sign up, that can take twenty five dollars off 25 00:01:10,680 --> 00:01:13,119 Speaker 1: the annual price. So it's really just thirty five dollars 26 00:01:13,120 --> 00:01:14,920 Speaker 1: for the first year and well worth it. 27 00:01:15,360 --> 00:01:16,200 Speaker 2: Let me explain why. 28 00:01:16,240 --> 00:01:17,959 Speaker 1: So once you set up the app, you just drive 29 00:01:18,000 --> 00:01:19,240 Speaker 1: your car as usual. 30 00:01:19,560 --> 00:01:20,920 Speaker 2: The app uses a combination of. 31 00:01:20,880 --> 00:01:23,360 Speaker 1: GPS and the centers in your phone to capture the 32 00:01:23,360 --> 00:01:24,319 Speaker 1: trips that you take. 33 00:01:24,400 --> 00:01:26,480 Speaker 2: It makes a log of those. Then at the end 34 00:01:26,520 --> 00:01:27,560 Speaker 2: of the day, week. 35 00:01:27,440 --> 00:01:29,560 Speaker 1: Month, or whenever you feel like it, you can go 36 00:01:29,600 --> 00:01:32,320 Speaker 1: in and classify the trips. I always recommend doing this 37 00:01:32,400 --> 00:01:34,679 Speaker 1: earlier than later, because sometimes you forget what a trip 38 00:01:34,760 --> 00:01:37,720 Speaker 1: was all about. But it's really easy to classify the trips. 39 00:01:37,720 --> 00:01:39,800 Speaker 1: All you have to do is swipe. You swipe to 40 00:01:39,840 --> 00:01:42,759 Speaker 1: the left for personal or swipe to the right for business, 41 00:01:42,800 --> 00:01:45,839 Speaker 1: and it's really that simple. Or you can slow swipe 42 00:01:45,880 --> 00:01:48,560 Speaker 1: a trip and then categorize it even further. There are 43 00:01:48,600 --> 00:01:52,680 Speaker 1: custom categories like medical, charity, moving, or commute, or you 44 00:01:52,720 --> 00:01:55,080 Speaker 1: can make your own, and you can also add notes 45 00:01:55,080 --> 00:01:56,960 Speaker 1: to each trips. You can remember what it was all about. 46 00:01:57,200 --> 00:01:59,480 Speaker 1: You can classify the car that you used if you 47 00:01:59,560 --> 00:02:02,080 Speaker 1: drive with several of them, or you can just trash 48 00:02:02,120 --> 00:02:04,760 Speaker 1: the trip altogether if you're in a friend's car, or 49 00:02:04,800 --> 00:02:07,440 Speaker 1: say on public transportation, because sometimes it picks up those 50 00:02:07,480 --> 00:02:10,080 Speaker 1: trips too. You always see an ongoing total of the 51 00:02:10,120 --> 00:02:12,520 Speaker 1: miles that you've logged for the entire month, the week, 52 00:02:12,600 --> 00:02:14,760 Speaker 1: the year, and more. Plus the neat thing is that 53 00:02:14,800 --> 00:02:17,120 Speaker 1: everlance also lets you know how much these miles are 54 00:02:17,160 --> 00:02:20,000 Speaker 1: potentially worth on your next tax report. Now I'm not 55 00:02:20,040 --> 00:02:22,120 Speaker 1: a tax person, but right now it's saying that I 56 00:02:22,200 --> 00:02:24,360 Speaker 1: drove two hundred and forty two miles for work for 57 00:02:24,400 --> 00:02:26,600 Speaker 1: the year, and that's about one hundred and thirty two 58 00:02:26,639 --> 00:02:29,760 Speaker 1: dollars in deductions. Now, the mileage logging is great, but 59 00:02:29,840 --> 00:02:32,040 Speaker 1: my favorite part of everlance is also how it can 60 00:02:32,080 --> 00:02:35,320 Speaker 1: help you keep track of business expenses and your transactions. 61 00:02:35,680 --> 00:02:37,680 Speaker 1: Now I've used Mint in the past to try to 62 00:02:37,720 --> 00:02:40,280 Speaker 1: do this, or a business only credit card. 63 00:02:40,440 --> 00:02:43,040 Speaker 2: Keep it in mind that sometimes I do do freelance. 64 00:02:42,600 --> 00:02:45,200 Speaker 1: Gigs like guest host a radio show or something like that, 65 00:02:45,280 --> 00:02:47,480 Speaker 1: so I do rack up some expenses not covered by 66 00:02:47,480 --> 00:02:50,520 Speaker 1: my regular job, and everlance makes keeping track of all 67 00:02:50,560 --> 00:02:53,600 Speaker 1: these expenses really easy. So you link up your credit 68 00:02:53,720 --> 00:02:55,680 Speaker 1: or your debit card. Then you see all of the 69 00:02:55,720 --> 00:02:59,079 Speaker 1: transactions on those cards, and again you swipe left or 70 00:02:59,160 --> 00:03:02,880 Speaker 1: right to categoriz them into work or personal. And within work, 71 00:03:03,040 --> 00:03:05,720 Speaker 1: you can even create categories so you know exactly what 72 00:03:05,760 --> 00:03:06,760 Speaker 1: those expenses were. 73 00:03:06,960 --> 00:03:08,560 Speaker 2: When the year comes to an end, and. 74 00:03:08,520 --> 00:03:10,480 Speaker 1: They take it a step further, you can even input 75 00:03:10,480 --> 00:03:13,440 Speaker 1: your freelance income, so this is cool for keeping track 76 00:03:13,480 --> 00:03:15,800 Speaker 1: of that. And the neat part is there's a taxes 77 00:03:15,840 --> 00:03:18,520 Speaker 1: tab on Everlance that gives you a preview of your 78 00:03:18,600 --> 00:03:21,840 Speaker 1: upcoming freelance tax year, so you see your revenue minus 79 00:03:21,880 --> 00:03:24,960 Speaker 1: your work expenses and your mileage deduction, which equals your 80 00:03:24,960 --> 00:03:27,600 Speaker 1: taxable income as a freelancer. Now, again, I am not 81 00:03:27,639 --> 00:03:29,680 Speaker 1: a tax person. I'm not giving you advice here, and 82 00:03:29,680 --> 00:03:31,680 Speaker 1: you're gonna have to double check all this stuff with 83 00:03:31,800 --> 00:03:34,680 Speaker 1: a pro. But it's a really nice little snapshot to 84 00:03:34,720 --> 00:03:37,400 Speaker 1: have and I feel like random business expenses of mine 85 00:03:37,760 --> 00:03:40,200 Speaker 1: are no longer falling through the cracks. There are lots 86 00:03:40,200 --> 00:03:42,760 Speaker 1: of other useful features, like generating reports to share with 87 00:03:42,800 --> 00:03:45,400 Speaker 1: your accountant. You can set work hours, and also your 88 00:03:45,440 --> 00:03:49,200 Speaker 1: favorite places or trips, so Everlance can automatically categorize them. 89 00:03:49,440 --> 00:03:51,400 Speaker 1: But this app is a winner in my book. You 90 00:03:51,440 --> 00:03:53,440 Speaker 1: can find a link to download it, and be sure 91 00:03:53,440 --> 00:03:55,080 Speaker 1: to use my referral code if you're going to sign 92 00:03:55,160 --> 00:03:57,080 Speaker 1: up so you can save some money on the annual fee. 93 00:03:57,360 --> 00:04:01,160 Speaker 1: Just go to Rich on tech dot tv and search Foreverlance. 94 00:04:01,480 --> 00:04:03,280 Speaker 1: And if you like this podcast, be sure to leave 95 00:04:03,320 --> 00:04:05,880 Speaker 1: a rating and review in the Apple Podcasts app. 96 00:04:06,040 --> 00:04:08,520 Speaker 2: That way more people discover it. I'm Rich Tomiro. 97 00:04:08,640 --> 00:04:10,400 Speaker 1: As always, you can find links to everything I talk 98 00:04:10,440 --> 00:04:11,640 Speaker 1: about here on my website. 99 00:04:11,960 --> 00:04:14,560 Speaker 2: Just go to richon tech dot tv. I'll talk to 100 00:04:14,600 --> 00:04:15,440 Speaker 2: you real soon.