Sometimes it is necessary to round the total amount of the bill. Cash rounding enables you to round off the cost during installments. 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 the currency used to pay by cash. By selecting the Cash Rounding option you can view the existing configured cash rounding with details such as Rounding Precision and Rounding Method mentioned. To configure new cash rounding select the CREATE button. On the displayed page first, enter the Name of the cash rounding. Then define the Rounding Precision, it can be the non-zero value of the smallest coinage. Specify the way which will be used to round the invoice amount to the rounding precision at the Rounding Strategy. Select the Profit Account and Loss Account from the drop-down menu. The values set here are company-specific.

1. Cash Rounding
in Odoo 15
Enterprise
www.cybrosys.com

2. INTRODUCTION
❖ Sometimes it is necessary to round the total amount of the bill. Cash rounding enables you to
round off the cost during installments.
❖ This will allow you to define the smallest coinage of the currency used to pay by cash.

3. ❖ Goto Accounting > Configuration > Settings
❖ Activate Cash Rounding
❖ Click on Cash Roundings

4. ❖ Click on Cash Roundings
❖ Goto Configuration > Cash Roundings > Open

5. ❖ Rounding precision like it can be a non-zero value of smallest coinage.
❖ Rounding method are
1. UP
- The value will round towards the plus infinity based on the rounding precision.

6. ❖ Goto Customers > Invoices
❖ Click on Create

7. ❖ Choose Cash Rounding Method

8. ❖ See tax amount is modified. The tax value will round towards plus infinity.

9. 2.DOWN
The value will round towards the minus infinity based on the rounding precision

10. ❖ See the tax amount is rounded towards minus infinity.

11. 3.HALF-UP
- It is used the case of fractions like if the fraction value is greater than or equal to 0.05 then
the rounding will happen plus infinity and if the fraction value is below 0.05 then it will be
rounded towards the minus infinity.

12. ❖ See the tax amount is 7.38 and according to half-up method the rounding will happen plus
infinity.

13. ❖ Change Rounding Strategy and Rounding Method is UP

14. ❖ See rounding line is added. The value is rounded towards the plus infinity.

15. ❖ Change Rounding Method is DOWN

16. ❖ See the value will be rounded towards minus infinity

17. ❖ Change Rounding Method is HALF-UP

18. ❖ See the round line price is .02 because here the fractional part is less than 0.05. So rounding
is done towards minus infinity.

19. ❖ Change price is 294.06. Rounding is done towards plus infinity.

20. For More
Details
Check our company website for related blogs and Odoo
book.
Odoo Book V15
Check our YouTube channel for functional and technical
videos in Odoo.
Cash Rounding in Odoo 15

22. Thank You