Using Currency Rounding

<< Click to Display Table of Contents >>

Navigation:  Setting Up > Location Information > Currency Rounding >

Using Currency Rounding

Once you have setup automatic currency rounding, when taking payment on the Sales Screen, in addition to displaying the, sales totals, sub-totals, and amount due, RetailEdge will now also display the Rounded Amount Due.  This allows you to indicate to your customer how much is actually due including the rounding.

 

For instance, if your sale total is $45.53 because of discounts, etc. and you have rounding set to the nearest $0.05, RetailEdge will display $45.53 Still Due, and $45.55 Rounded Still Due.

 

In order for RetailEdge to complete the sale, you will need to receive $45.55 not $45.53 calculated from the sales totals.  If the customer gives you $50, for a normal sale, the change due would be $4.47, but with rounding, the amount is only $4.45.  In order to correct for the rounding, RetailEdge will add a ROUNDING payment method to the sale of -$0.02.