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State Sales Tax

SEK
Soup I

Has this happened to anyone else. 

The 6% state sales tax at the end of the month that Toast is calculating is wrong.   It is adding more to the number that what the business needs to pay to Uncle Sam.  
This has caused our accountant to pull their hair out and to try and figure this out.

For the month of January and February it is wrong.   I suggest that everyone double check their monthly statements and call them to have them fix the issue, 

After being on the phone with them for an hour and going thru 3 people the last one stated that it is an internal problem.

Lets see if they fix the problem.  We should not have to pay more then what is owed to the state. 

1 ACCEPTED SOLUTION

If I remember correctly, Toast calculates the sales tax on each item, then adds it up per receipt, which is not really wrong, but it can cause rounding issues.   If you have a lot of small ticket items that are sold individually, this can cause even more rounding issues when the end of the month comes.  When you calculate sales tax on the sum of the sales for the month instead of the individual items, you'll come up with a slightly different number due to those rounding issues.  I typically have to book a bit of sales tax expense each month to true to actual.  

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