Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Please somebody figure this out so I don’t have to cancel Quickbooks. In Washington State - they give you a labor and industries rate. Mine happens to be $0.76860. When I try to enter this rate into quickbooks it rounds it automatically to $0.77. Here’s the problem. The Washington state L&I website has you enter the hours your employees have worked into their system. At the end of that - it calculates the amount owed. That being said - THE NUMBERS DONT MATCH THE QUICKBOOKS REPORTS! Because quickbooks automatically penny rounds, numbers are constantly off by cents and you cannot match the transaction when L&I comes out of the account because quickbooks has a different number by pennies. Then I have to pay my accountant to make a journal entry to fix the problem. This is truly the worst software out there and I can’t wait to switch.
Please know that helping you is our top priority, and I want to make sure your concern is taken care of, @Rlenquist.
We want to ensure that the rates for your taxes are always exactly correct. Though it'll have differences due to rounding for taxes that are calculated at exact rates, you don't need to be concerned about these small variations.
So you don't have to pay your accountant to fix this, I recommend reaching out to our Payroll Support team. This way, they can help resolve this small amount by making a payroll adjustment.
To reach them, click the ? Help button at the top-right corner and select Contact Us to talk with a live agent.
You might want to check out this article to learn more about a variety of circumstances that can cause temporary penny differences: Why do I occasionally notice penny rounding differences?
Keep in touch if you need more help with your payroll taxes, or if there's anything else I can do for you. Of course, I am always here ready to help you whenever you reach out.
I understand the concept but this does not work as the numbers in quickbooks do not match the numbers form the state. The only way to eliminate that it to stop the penny rounding. I know tons of business owners here in Washington and we are all looking to switch because of this issue. Why can’t qb just make it easy and stop the laziness of penny rounding. Penny rounding does not work in any kind of a serious business setting. Any real company cares about pennies and the books being off. payroll adjustments should not be needed. Qb should simply not have the close enough attitude. Read other threads. Tons of complaints about this. I’m just hoping somebody will fix it
Also, this is not temporary penny rounding. This throws off my books every single time I have to file state L&I
Thanks for getting back to us, @Rlenquist.
I can see how having the option to turn off the penny rounding in QuickBooks Online (QBO) would be helpful for you and your business, and I'll take note of that. Our Product Engineers are always looking for ideas to consider on how to improve QBO.
In the meantime, I recommend visiting our Blog site. This is where we share recent happenings and future developments, such as updates to newly added features. Here's the link: https://quickbooks.intuit.com/blog/.
For tips and other resources, I recommend visiting our website for reference: Self-help articles.
Please know that I'm only a post away if you have any additional concerns. I want to make sure everything is taken care of for you. I'll be here to help. Have a good one!
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
For more information visit our Security Center or to report suspicious websites you can contact us here