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HomeEstiMate Version 2GeneralWhy are there so many places after the decimal point in the rate field?

2.3. Why are there so many places after the decimal point in the rate field?

We put 4 there because proper rounding is critical in accounting.  We found in the past that sometimes with only 2 places after the decimal, prices weren't properly rounded and therefore might not match figures brought into QuickBooks or over to other accounting programs.  Those fractions of a penny could cause audit issues, etc.  With EstiMate 2.0, we have eliminated that concern, by fine tuning the rate price to 4 places after the decimal.  It has been done intentionally. 


 

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