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For businesses that deal with cash transactions, it is essential to have a consistent and fair rounding practice. This ensures that pricing is clear and understandable, which can positively impact customer trust and repeat business. In today’s video, we will explore what cash rounding is, how it works in Odoo 17, and how you can […]
Odoo Point of Sale (POS) has a built-in feature for cash rounding to streamline transactions and reduce the need for exact change. Here’s how it works: What is Cash Rounding? Cash rounding rounds the total bill amount of a sale to the nearest denomination (e.g., nearest five cents, ten cents) suitable for cash payments. This […]
Learn everything you need to grow your business with Odoo, the best open-source management software to run a company, at In this video, learn how to set up your pos to round up your cash automatically for you. Need more information about Odoo apps? Discover Odoo, schedule a demo, or start your own Odoo revolution […]
Sometimes it is necessary to round the total amount of the bill. Cash rounding enables you to round off the cost during installments. #odoo15accounting #Odoo15 provides the feature of cash rounding in the Accounting module. You can enable the Cash Rounding option from the Settings. This will allow you to define the smallest coinage of […]
Cash rounding is a process used in calculation when money in the low denomination is involved in a transaction. Sometimes, transactions become impractical when the denomination is very low. This could be either due to the unavailability of the coins to transact the exact amount. In such cases, every business firm depends on cash rounding. […]
Cash Rounding happens when the base unit of an account is smaller than the most reduced denomination category of the currency. The payable sum for money exchange is adjusted to the closest various cash units accessible, through exchanges paid in different ways (eg: cheques, credit cards) are not adjusted. In any business, cash rounding is […]