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Hurdlr Glossary: Commonly Used Terms
Hurdlr Glossary: Commonly Used Terms
Updated over a week ago

Automatic Mileage Tracking:

When the Auto-Tracking button on the Mileage tab is toggled on, the app detects when you’re driving and starts or stops tracking your mileage accordingly.

Automatic Finance Tracking:

When the Auto-Tracking buttons on the Expenses and Income tabs are toggled on, your transactions from a linked account will pull into Hurdlr automatically.

Businesses:

In Hurdlr, income streams related to different companies you own or work with (for example Uber, Airbnb, your real estate business, or your construction business) are called Businesses. Income, expenses and mileage can all be tagged and tracked to a specific Business. By tracking your data per business you can see your profitability by business at any time by generating a report.

Business Drives:

Business drives are the miles that you record that are for business purposes.

Business Expenses:

Business expenses are typically any expense related to your self-employed business.

Expense Rule:

If certain expenses are always business or are always personal, you can create an expense rule to help tag your transactions automatically. Hurdlr uses AI to learn how you tag expenses and will start to suggest rules for you, and you can also create your own rules. This helps automate your expense tracking process and gives you less to have to sort through individually.

Favorite Location:

You can set Favorite Locations to name a location that you visit regularly.

Home Dashboard:

Your home dashboard shows a quick snapshot of your total business income, expenses, and estimated taxes owed. Your home dashboard also shows your profit after taxes, or the amount that would stay in your pocket after your expenses and taxes are taken into account.

Income Rule:

If certain income transactions are always business or always personal, you can create an income rule to tag the transaction automatically.

Listings & Buyers:

Users who have their business type set to Real Estate Agent will see a Listings & Buyers section instead of a client section. You can add your individual listings in Hurdlr to track your P&L at the listing level.

Mileage Rules:

If certain trips are always business or always personal, you can create a mileage rule to tag the trip automatically. Hurdlr uses AI to learn how you tag trips and will start to suggest rules for you, and you can also create your own rules. This helps automate your mileage tracking process and gives you less to have to sort through individually.

New:

In your mileage, income, and expense dashboards, you’ll see a “New” section. If a transaction or trip is in the “New” section, this indicates that the transaction or trip hasn’t been tagged as business or personal. Once you tag a drive as business or personal, the transaction will be moved out of the New section and into the Reviewed section.

Notes:

If you’d like to enter additional information about a transaction or a drive, you can do so in the Notes section.

Personal Drives:

Drives that are not for a business purpose should be marked as Personal in Hurdlr. Personal drives can be tagged as charity, medical, or moving mileage allowing you to track your personal itemized deductions.

Premium:

Hurdlr Premium includes features like automatic mileage and finance tracking, AI-based suggested rules, detailed tax estimates, work hours, and more. Premium subscriptions renew either monthly or annually, depending on your subscription plan.

Pro:

Hurdlr Pro is our most comprehensive plan that includes all of the Free and Premium features, plus adds invoicing and payment collection, full double entry accounting, advanced reporting, the ability to invite an accountant, and more. Pro subscriptions renew on an annual basis.

Reports:

You can export a report of the data you track in Hurdlr at any time.

Tagging:

Tagging is the process of indicating whether a transaction or drive is business or personal. Only transactions and drives that are tagged as Business will factor into your business totals and your tax estimates.

Tax Estimates:

Hurdlr calculates your tax estimates in real-time as you tag your transactions and mileage as business.

Work Hours:

With Work Hours, any drives outside of the Work Hours you set will be automatically tagged as personal. Drives made during your Work Hours will show as an option for you to tag.

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