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Just an FYI, not sure if this will affect anyone else but, I starting creating invoices and discovered that all our sales tax rates with more than 2 digits after the decimal point have been rounded to only 2 digits after the decimal point. Looks like this happened mid month as that is when I found new estimates with the rounded rates! Very annoying when we have over 100 different rates and partial-exemption rates!
I appreciate you reporting this issue about sales tax rounding off two decimal points, ShawnR.
I'm here to help share some insights about the rounding difference in QuickBooks.
When calculating a sales tax amount based on the invoice amount, this may round up or down automatically. You can make a sales tax adjustment to ensure an accurate record as a workaround. I'm sharing this article that offers complete details on processing sales tax adjustment: Process sales tax adjustment.
Additionally, you can utilize this link if you encounter problems while working on your sales tax: Resolve common sales tax issues.
If you need any additional assistance with taxes in QBDT, I am still here to help.
Thank you for the advice, but the rounding in a invoice was not the issue. The system rounded all actual sales tax items in the item list.
I appreciate you clarifying the issue you encountered, @ShawnR.
Possible data damage can make QuickBooks Desktop (QBDT) behave unexpectedly, which might have caused the issue. To help you get past this, let's perform some troubleshooting steps that help fix unexpected and most common issues in QuickBooks by verifying and rebuilding your company file.
Let me guide you through the steps on how:
Verify your company data
To Rebuild your company data, kindly visit this article for detailed steps on how: Verify and Rebuild Data in QuickBooks Desktop.
Moreover, I'll also share this article to learn more ways how to fix QuickBooks' common issues: Fix common problems and errors with the QuickBooks Desktop Tool Hub.
Let us know in the comment below if you need further assistance with managing your sales tax. I'm sure to get back to provide assistance.
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