Ramp is the only finance automation platform designed to save you time and money. Ramp is 5-in-1 software that consolidates corporate cards, expense management, bill payments, accounting automation, and insights and reporting into one user-friendly free platform providing you the best control and visibility. Ramp rewards you 1.5% cashback on every transaction. Startups on Ramp make 19% more cash-back than they would on Brex points.

No, apply easily and get the full Ramp experience for free.

A reimbursable expense is a business expense incurred and paid out-of-pocket by employees. These expenses may include travel, office expenses, and business phone calls.

Mileage reimbursment is the amount reimbursed to an employee for her personal car expenses. Businesses can choose to either apply the IRS mileage reimbursement rate or reimburse employees based on the actual costs incurred for business purposes. For 2022, the IRS standard mileage reimbursement rate is 58.5¢ per mile driven for business (up from 56¢ in 2021) Reimbursements based on the IRS mileage rate aren't considered income, making them nontaxable to your employees. Businesses can deduct those costs on their business taxes. When you reimburse employees at a higher rate, the extra amount is counted as gross wages that are subject to payroll taxes.

Some examples of qualified mileage reimbursements may include: 1. Business trips; 2. Off-site meetings with clients and prospects; and 3. Deliveries. IRS mileage reimbursement rate is designed to cover costs such as gas, oil changes, maintenance, and insurance but not parking and tolls. When using the IRS mileage rate for reimbursements, they’re not taxable to your employees and are deductible for your business.

Ramp Reimbursements, a Ramp feature, is the fastest reimbursement product on the market. With Ramp, you can easily handle all your company expenses in a single place. This includes corporate card expenses as well as any cash or incidentals that need employee reimbursements. With Ramp Reimbursements, an employee can submit out-of-pocket expenses for manager review and approval, and Ramp will automatically reimburse the amount to the employee within 3 business days.

Ramp has fully integrated with your favorite accounting software such as NetSuite, QuickBooks, Sage, and Xero. In addition, with Universal CSV, Ramp supports every provider that we don’t have a native integration with and provide automation tools to get all of your job done quickly.

Yes, you can customize your reimbursement policy for both mileage and regular out-of-policy expenses. For example, if you do not want to require your employees to upload a receipt image for mileage, you can update your submission policy for mileage reimbursements.