Customer Invoices: Rounding problem with fractional cents, Windows 11 Release R58.9

Question

Never had any issues before with decimal points when entering in hours and rates. Last week accounting department asked me to fix decimal points.

I have no idea where or why the reported total is off "cents-wise". It never used to be. In the Quantity column is where hours are entered (see below) and the Rate $33.50.

.25 = 15 minutes

.5 = 30 minutes

.75 = 45 minutes

Rate is $33.50

Attached are the weekly hours which total 46.30 hours = 46.5. And Quicken's invoice #258.

Timecard 072824 - 080324.png

INVOICE 258.pdf

If you take 46.5 hours x $33.50 it should total as $1,557.75, however the Quicken invoice says $1,557.79. How can this get fixed to report the actual dollars?

Could someone please help me? I'm not very tech saavy and would appreciate the help and explain step by step what I need to do to fix this.

Thank you

retird · Answer

On the invoice could you list all line entries to only show hours and rate but not a rounded amount for each line entry.  Then total the hours and multiply the total hours (convert 46.30 = 46.5 as you posted) by the rate which would only round the total amount instead of rounding each entry?

splasher · Answer

NotACPA suggested changing the rates, to whole dollars, but they only need to be a multiple of 4 cents, so 33.50 would only need to be raised to 33.52 or lowered to 33.48 and your rounding problem goes away.

virtual_offic3 · Answer

Is there a way to turn the rounding off? If not, would manually putting in the dollar amounts for each line fix it? I'm not too familiar with Quicken and how it calculates.