When running an accounting report you may notice some slight differences in the actual collected tax vs. what you would expect when doing a simple calculation of (Net Sales x Tax Rate).
These variances are caused by the nature of currency and rounding to two decimal places. These variances are within normal tax law and accounting principles. Please watch the video below for a clear explanation of how these differences arise over time.
Rounding Variance for Taxes Print
Created by: Crisp Admin
Modified on: Wed, 29 Jun, 2022 at 4:36 PM
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