Understanding total and currency rounding
By default, the POS is not configured to perform rounding. The POS application can be configured to round up or round down the amount to the nearest specified value. This feature eliminates accepting or changing certain coins that are already discontinued from circulation. For more information, refer to Local Customization and Tender Setup.
There are two types of rounding methods that can be configured in the POS:
- Total rounding
- Currency rounding
Total rounding
When the POS is configured to perform total rounding, the total transaction amount is rounded at the point of totaling the transaction. In this example, the Balance Due amount is rounded to $44.50 (instead of $44.53).
When the transaction is completed, the rounded amount is reflected on the receipt.
Sample receipt
The receipt prints a Tran Rounding line, which indicates the amount being adjusted to get the rounded total. The Adjusted Total line indicates the total amount after rounding.
Currency rounding
The POS can be configured to perform currency rounding when necessary. The rounding process can be applied to the nearest multiple of the smallest denomination of currency and occurs at the Change Due or Refund Due screen. For example, when pennies are not available, the change or refund due will either be rounded up or down to the nearest increment set by the retailers through the Denomination Rounding parameter. Currency rounding applies to only the final amount for any cash payments. Retailers will collect the full transaction totals for check or electronic payments.
In a refund transaction, only cash refunds are rounded. The Refund Due amount is rounded based on the set parameters.
Configurable features
The POS application can be configured with the following feature:
- Enable currency rounding and set the denomination increments for rounding the change or refund due. Refer to the following options:
- Tender Setup > Currency Rounding
- Tender Setup > Denomination Rounding
In the following example, the currency rounding is set to five-cent increments and follows these rounding rules:
- Cash amounts ending in zero and five cents do not change.
- If the number of cents ends in one and two cents, it is rounded down to zero. For example, $3.51 is rounded down to $3.50.
- If the number of cents ends in three and four cents, it is rounded up to the nearest five cents. For example, $6.63 is rounded up to $6.65.
- If the number of cents ends in six and seven cents, it is rounded down to the nearest five cents. For example, $5.17 is rounded down to $5.15.
- If the number of cents ends in eight and nine cents, it is rounded up to the nearest 10 cents. For example, $9.98 is rounded up to $10.00.
The Change Due becomes $2.15 instead of $2.13.
When the transaction is complete, the rounded amount is reflected on the receipt.
Sample receipt
The receipt prints a Rounding line. A positive amount indicates that the amount is going to the drawer, while a negative amount indicates that the amount is taken from the drawer.