Effective January 1, 2009, the new mileage rate for business related travel is fifty-five cents. If you enter mileage into Billing Matters you will need to make a small change to reflect this. Here is what you will need to do.
Open the list of Bill Codes from File, Setup, Codes, Billing Codes menu.
Next, find the Mileage code (normally under Expenses) and open it. Simply change the rate to the new .55 rate from the old one of .585.
That’s it. A few simple changes are all that is necessary to set the proper mileage rate for 2009.Billing Matters, krause, mileage rate 2009