Cash Rounding |
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When completing a retail sale in Jim2, amounts are automatically rounded when selecting Cash as the payment method. The value of the rounded cents is moved to a linked Rounding expense account.
If an invoice total ends in one to four cents and the customer is paying by cash, Jim2 will automatically round the transaction down to end in zero or up to five cents, and move the odd cents to the linked Rounding (expense) account.
If an invoice total ends in six to nine cents and the customer is paying by cash, Jim2 will automatically round the transaction down to end in five or up ten cents, and move the odd cents to the linked Rounding (expense) account.
This rounding does not affect the invoice total or debtor records, and does not take place for other payment types – only Cash.
Further information Settings to Speed up Invoicing Create a Manual Payment for EFTPOS |