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stevederry-derry
October 19, 2021
Question

Anyone else notice that HST Calculation is incorrect on QuickBooks?

  • October 19, 2021
  • 1 reply
  • 0 views
When I do my Invoice for a 5-day work week and calculate HST on the Subtotal, QB gets $282.50 when it should be $282.49. They calculate by line (rounding up). Which in my estimation is incorrect.

1 reply

J
JamesM4
October 20, 2021

Hi stevederry-derry,

 

Welcome to the Community. QuickBooks offers a powerful tax module that simplifies the way you manage your taxes. It's important you know how the calculations work in QuickBooks and I'll be glad to share more info.

 

Depending on what the total amount on the invoice is, I'll be happy to break down the calculations for you. You can also check out this helpful article that explains more about how rounding works in QuickBooks: 

Tax Rounding off logic in QuickBooks Online API.

 

Let me know if this explanation helps bring things into perspective. You're more than welcome to reach back to me in the comments below if you have other questions. I've got your back. 

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