Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Connect with and learn from others in the QuickBooks Community.
Join nowI have a client who pointed out that the tax calculated by QB is $0.01 off. The items total $267.00 and they should be charged 8.25% tax. QB calculated $22.04. However, when you do the math, it comes out to 22.0275, so tax should be $22.03.
How can I adjust the invoice to reflect the correct amount of tax?
Solved! Go to Solution.
I'm not sure I understand; do you mean manually calculate the tax from the Sales Tax group? and put it where on the invoice?
RE: I'm not sure I understand; do you mean manually calculate the tax from the Sales Tax group? and put it where on the invoice?
I mean that this can appear to happen when you are using a sales tax group. When using a group consisting of multiple sales tax items, each tax item is calculated to the nearest cent, since the detail can only be saved in cents, and then you see the total.
So if you are using sales tax groups, that can be a reason the tax appears to be once cent off.
Are you using a sales tax group containing multiple sales tax items?
If so, calculate the tax for each item and then add it up.
I'm not sure I understand; do you mean manually calculate the tax from the Sales Tax group? and put it where on the invoice?
It's good to see you here in the Community, tnolen.
Thanks for getting back to us. Let me help you go over to your invoices and have those taxes calculate properly.
I've tried to replicate this and was able to get the correct sales tax amount.
To better isolate this issue, as an initial step, let's make sure your QuickBooks release version is up to date.
After that, try to re-create the invoice to check if it's calculating correctly. If you're still getting the same issue, you may want to open a sample company file. This is to check whether this has something to do with your company file or QuickBooks Program.
If you're able to get the correct sales tax amount using the sample company file, we can verify and rebuild your data. The data verification process in QuickBooks is a tool that examines the health of your QuickBooks company data file.
To Verify Data:
To Rebuild Data:
These articles are a good reference:
For additional help, you can also reach out to our QuickBooks Desktop Support. They have additional tools to assist you in getting this resolved.
Let me know how it goes or if you ran into a different situation by leaving a reply below. I want to make sure your taxes are calculated correctly.
RE: I'm not sure I understand; do you mean manually calculate the tax from the Sales Tax group? and put it where on the invoice?
I mean that this can appear to happen when you are using a sales tax group. When using a group consisting of multiple sales tax items, each tax item is calculated to the nearest cent, since the detail can only be saved in cents, and then you see the total.
So if you are using sales tax groups, that can be a reason the tax appears to be once cent off.
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.