Rounding on some amounts seems to add 1 cent.

Legacy KB ID: 150

Question

When I enter an amount in an Invoice e.g $5.00 including tax the amount changes to $5.01.

Answer

This is actually the correct way for tax to be rounded, if you do want an 'even' figure you can either set up a new GST tax code for 9.99% and use this for amounts that seem to add a cent(and include the new tax code at G1 in the BAS) or you can create a rounding item and use this item on the invoice.

How did we do?

Paying the PAYG tax liability and receiving a GST Tax refund

The hours accrued per hour paid figure set to every hour worked changes if my preference is set to decimals in QuickBooks QBi

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