Can I format the Rate with decimal points so it shows on the invoice (5.00 instead of 5)?

Great question, @karen145.  You can certainly format the decimals within your invoice. That's done by performing the following steps:

1. At the top right, click the Gear icon.
2. Select Account and Settings.
3. On the left pane, select Advanced.
4. Click anywhere inside Other preferences.
5. Select your preferred Number format on the drop-down.
6. Click Save.
7. Hit Done.

Let me know if you have follow-up questions on formatting invoices or anything else within QuickBooks Online. Take care!

In my rate tap on my quotation it still keeps on showing 5 decimal places and I only want 2 places 

Good morning, @Charlene 2. 

Thanks for chiming in on this thread. 

Have you tried the instructions my colleague provided above? If so, and the problem is persisting, I recommend contacting our Customer Support Team so they can assist you further. Here's how: 

1. Go to the Help icon in the top right-hand corner. 
2. Press the Contact Us button/hyperlink. 
3. Enter your question and hit Let's talk. 
4. Scroll down and pick to Get a callback. 

It's that easy! 

Keep us updated on how the call goes. We're always here to have your back. Take care!