The Internal Revenue Service announced an increase in the optional standard mileage rates for the final six months of 2011 to 55.5 cents a mile for all business miles driven from July 1, 2011, through Dec. 31, 2011. For 1/1 through 6/30/11 . . .
Be sure to:
- Update the default Unit Cost Rate for you Mileage expense codes
- Check your expense fee schedules
- Add a up-front note to your invoices in July to inform your clients about August bills
BillQuick displays 2 digits after the decimal on the Expense Log and other screens. Thus, it rounds it on the screen. If you click on the Cost Field, the .56 shows as .555. Also, BillQuick calculates the cost based on the .555, again rounding the Amount to 2 decimal places.
Thanks, I see what you are saying however, when I print the expense report, it is showing 0.56. I have .555 as my cost on the expense code and I do see where it reads 0.56 but if you hover over it, it shows 0.555. BUT prints 0.56.
PLEASE HELP ME!!!!!! :(
I cannot seem to get the 55 and a half cents to work in BillQuick. It keeps rounding up to 56. How should this number be entered on the mileage expense code?