Sales tax error
QB has a bug. When you use a sales tax group you specify each sales tax entity and the percentage they collect, and then just use the group to calculate sales tax - sounds like a plan huh?
Well it is in a way. BUT what QB does is calculate each sales tax item and does the rounding for that item, THEN it totals all the items in the group to get the final amount of sales tax. That can result in a rounding error of a penny or more.
There is no solution that I know of.
What QB should do, and doesn’t, is to provide a limit field in the sales tax group so that the total of all individual items in the group does not exceed the percentage listed for taxes.
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