Odoo 16 Community Book

Cash Rounding Methods

In order to round the total amount of the bill to the nearest full figure, you can use the Cash Rounding feature available in the Odoo Invoicing module. This feature will help to get bills with a rounded total amount. To get access to this feature, you need to go to the Settings menu of the Invoicing module. As shown in the screenshot below, you can find the Cash Rounding option under the Customer Invoices tab.

When you activate this field, you will be able to get the Cash Rounding option under the Configuration menu.

You can use the New button to create a new cash rounding in this module.

Provide a name for the cash rounding in the given space. In the corresponding fields, you can mention the Rounding Precision and Rounding Strategy. The rounding strategy will define how to round the invoice amount to the mentioned rounding precision. It will be either Add a Rounding Line or Modify Tax Amount. Add the Profit Account and Loss Account in the given spaces. You can set the Rounding Method from the given list such as UP, DOWN, and HALF-UP. In the UP option, the value will round up to the highest infinity, and in the DOWN option, it will round down the value to the lowest infinity. In the HALF-UP option, if the value of the decimal part is greater than or equal to 0.5, the value will be rounded up towards plus infinity otherwise rounded down towards minus infinity.