SALES TAX
flopezcpa
Member Posts: 1
I have a problem, Wave do not calcula te de Correct Sales tax, for example, I tray to do a sales Invoices with 11 lines Items, each line sales ammout $74.11 the total ammout Pre tax $822.47 Sales tax 7% is 57.57 but wave calculate 57.53, Why?
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Comments
Hey @flopezcpa!
When it comes to tax rounding at Wave, this process is completed on a line-item level. What this means is that each product line will calculate the tax, round to 2 decimal places, then do the next product line. At the end, it will add up all the line item tax calculations and plug that in as a total tax in your invoice. Unfortunately, there is no way around that in our software at this time.
As a potential workaround, feel free to add/discount a new invoice item for $0.04 to charge the right amount and mark it as an adjustment entry for the time being.