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lipstickconnie
‎09-28-2017 02:53 PM

How can I change the way Square rounds when calculating sales tax?

Apparently Square uses the bankers method for calculating sales tax but my accounting software does not.  The amounts are always a penny or two off.  

 

Is there a way I can change the setting to calculate the same?

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VanKalkerFarms
Square Champion
‎01-10-2018 02:35 PM

In response to giantrobotstore
Best Answer

The tax calculation rounding is not something that can be changed. Square uses Banker's rounding or round half to even.

 

Here is Square's article on rounding. https://squareup.com/help/us/en/article/5092-rounding

and the Wikipedia article on it. https://en.wikipedia.org/wiki/Rounding#Round_half_to_even



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DAEHYON
‎01-23-2023 02:55 PM

REALLY NEED HELP ON THIS TOO!!!!  Rounding decimals and off by few cents just so much efforts to keep numbers matching.

THIS ISSUES BEEN ONGOING FOR 3 YEARS....SHOULD I JUST SWITCH TO ANOTHER E-PLATFORM? 

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