We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What is a Mileage Reimbursement Account?

By Bethany Keene
Updated May 17, 2024
Our promise to you
WiseGeek is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At WiseGeek, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

A mileage reimbursement account may refer to two different things. The first is a type of account held by an employee at a business where she is employed; when she goes on qualified business trips, she might then submit a form for mileage reimbursement, and the funds will be placed into the account, which is often just a business credit card. The second type of mileage reimbursement account is set up by the business itself, and is generally an amount of funds specified by the business and designated for the purpose of reimbursing employees for business trips. This helps the business manage expenses and maintain a monthly or yearly budget.

The first type of mileage reimbursement account is one of the benefits that is often offered to employees at larger corporations. The reimbursement may cover gas expenses for using one's own car, or it may cover the costs of a rental car and the gas that was needed for the car. It may also cover plane tickets if that type of travel is required, in addition to other travel expenses such as a hotel room. Mileage reimbursement does not necessarily just refer to miles driven. These accounts are sometimes also referred to as travel reimbursement accounts.

Companies will typically either require employees to submit receipts, and will then issue a check for reimbursement, or may just give employees a corporate credit card to use, and then replace the funds in the mileage reimbursement account. Employees should be sure to keep careful track of the money that is spent and then submitted for reimbursement, and be sure that only qualified expenses are submitted. Otherwise, one may lose the privilege of accessing a mileage reimbursement account, or may be prohibited from taking business trips in the future.

The second type of mileage reimbursement account is used by businesses for broader budgeting purposes. The money is rarely placed into an actual separate account from the rest of the payroll or business expense funds, but often accounting software is used to designate the purpose of the funds in these larger accounts. A certain amount per month, or per year, may be allowable for mileage reimbursement, and if employees are going over that amount, the amount of business trips that are allowed may be reduced, or an audit may be performed to insure that the funds are being used appropriately. Keeping accounts this way also allows for easier accounting, and balancing of income and loss at the end of the year.

WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Discussion Comments
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.