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Anonymous
Not applicable

Turbotax Rounding Discrepancies

Due to the way TurboTax rounds each line, the final values do not align with my company's books with both the P&L and Balance Sheet. It's only off by $2. Is this something that I should let ride or should I make adjustments to specific lines to make it accurate?

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Accepted Solutions
rjs
Level 15
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Turbotax Rounding Discrepancies

Let it ride. The IRS doesn't care about small rounding errors.

 

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2 Replies
rjs
Level 15
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Turbotax Rounding Discrepancies

Let it ride. The IRS doesn't care about small rounding errors.

 

Anonymous
Not applicable

Turbotax Rounding Discrepancies

Thanks, I figured that to be the case. I just get hung up when Turbo Tax prompts me with a question like 'does $x amount match your books'? I have to say yes even though *technically* it is not true. 

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