Cash Roundings - Odoo 17 Enterprise Book

Cash Roundings

The lowest denomination of the money used to make cash payments is known as cash rounding. The cost of a bill can be rounded off in Odoo17 to the closest currency denomination by using this functionality. You must activate the Cash Rounding option from the Customer Invoices tab as shown below in order to use this feature. The Accounting module's Settings menu contains this option.

Odoo 17 Accounting

After enabling this function, select the Cash Roundings option under the Configuration menu of the module.

Odoo 17 Accounting

Details about the Name, Rounding Precision, and Rounding Method are displayed in the list view. You can click the New button to start a new cash rounding procedure.

Odoo 17 Accounting

Mention the new cash rounding method's name in the Name field of the form view. The Rounding Precision field allows for the specification of the smallest denomination with a non-zero value. In the Rounding Strategy section, indicate how the invoice amount will be rounded to the desired rounding accuracy. Either Add a Rounding Line or Modify Tax Amount are options.

Odoo 17 Accounting

You must enter the Profit and Loss Accounts in the appropriate fields when adding a rounding line. Three alternatives will be presented to you for the Rounding method. If you select the Up approach, the value will be rounded up to the nearest positive integer using the specified rounding precision. According to the rounding precision, the value in the Down method will be rounded off towards the negative infinity. The Half-Up approach is the third alternative.

Odoo 17 Accounting

This technique works with fractional values. When the fractional portion is larger than or equal to 0.5, the value is rounded to the positive side; conversely, if the fractional part is less than 0.5, the value is rounded to the negative side.

whatsapp
location

Calicut

Cybrosys Technologies Pvt. Ltd.
Neospace, Kinfra Techno Park
Kakkancherry, Calicut
Kerala, India - 673635

location

Kochi

Cybrosys Technologies Pvt. Ltd.
1st Floor, Thapasya Building,
Infopark, Kakkanad,
Kochi, India - 682030.

location

Bangalore

Cybrosys Techno Solutions
The Estate, 8th Floor,
Dickenson Road,
Bangalore, India - 560042

Send Us A Message