Car Log Book Template

The car log book template is a document that acts as proof that the vehicle is registered and the person in the name of which the vehicle is registered is responsible for the taxing of the vehicle. This log is of great importance for so many reasons. One of them is, identification is required at the time you are selling your car or if you are buying a car. You will never buy a car without a logbook as this will show that the owner of the car has taken some sort of loan on behalf of the log book as well as borrowing money against the value of the car. If the owner does not pay the loan, it will be a troublesome situation for you. There is a proper way of noting down, such as if you traveled more than twice a day, you can record this as a single journey while using the log book. But the things you need to mention include the starting and ending time of the journey, odometer readings at the start and end of the journey, total distance traveled, as well as the reason for travel could be mentioned.

Importance of Car Log Book

The car log book template serves as proof that you use your vehicle in the course of performing your duties. This log is required to be presented when you want a deduction on the personal tax amount. In this case, it provides undeniable evidence that the car is used for work-related events. And the book required people to keep a record of the vehicle provided by their employer for fringe benefit tax purposes. The log book for the vehicle is prepared to keep a record of the total distance the car has traveled during the log book period. You will be required to maintain this log by adding entries while driving, but personal trips should be reported separately. Based on the log reading, you can claim reimbursement for your personal expenses, as per the policy of the company.

Benefits of Car Log Book Format

While preparing a car log book template, here are a few things which one should keep in mind. First thing is, the beginning and ending periods of the log book. Second thing is; the odometer reading of the car at the beginning of the log book as well as at the end of it. Most odometer records are considered to be the most important part of the log book, showing the starting and closing odometer records for the relevant period. While mentioning the reason for the journey, you are following this step in the Tax Office’s view and the method of just mentioning the reason for the journey as “business” or “miscellaneous business” will not be enough. Here you are provided with some ready to use car log book template that will assist you in providing a quality template in no time. This template is provided here and is equipped with quality content. All you need to do is to download the template and customize it according to your requirements. This will help you by saving time and effort.