How to work cash rounding in POS?
In Metro ERP, cash rounding in the Point of Sale (POS) module allows you to round the total amount of an order to the nearest denomination, which is especially useful when handling cash transactions. Here's how you can set up and work with cash rounding in POS:
Step-by-Step Guide for Cash Rounding in Metro ERP POS:
1). Enable Cash Rounding
- Go to the Point of Sale module.
- From the dashboard, click on the three dots (or ellipsis) next to your POS session and click on Settings.
- Scroll down to the Pricing section.
- Enable the Cash Rounding option.
- Save your changes.
2). Configure Cash Rounding
- After enabling cash rounding, you need to configure a rounding method:
- Go to the Accounting module.
- Navigate to Configuration > Settings.
- Scroll to the Accounting section and ensure Cash Rounding is enabled.
- Once enabled, go to Accounting > Configuration > Cash Rounding Methods.
- Click Create to define a new cash rounding rule.
- Go to the Accounting module.
3). Define Rounding Method
Rounding Precision: Enter the amount you want to round to (e.g., 0.05 for rounding to the nearest 5 cents).
Rounding Strategy:
- Up: Always round up to the nearest rounding precision.
- Down: Always round down to the nearest rounding precision.
- Half-Up: Round to the nearest rounding precision (e.g., 0.03 rounds down to 0.00 and 0.07 rounds up to 0.10).
Profit Account: Define an account to record profits from rounding differences (if rounding up).
Loss Account: Define an account to record losses from rounding differences (if rounding down).
Rounding Method: Select whether the rounding applies on a per line or on the total amount of the order.
4). Test the POS Cash Rounding
- Open a POS session and complete a transaction.
- When paying in cash, the system will round the total amount based on the cash rounding rule you configured.
- You will notice the rounded amount in the order receipt.
Example:
If the total bill is $10.07 and you configured a rounding precision of $0.05, the total will be rounded to $10.05 depending on the strategy you selected.
To get more details, how to work cash rounding in POS, please do contact us at support@metrogroup.solutions