As required by the clients from the Belgian market, cash payments are now rounded up at a point of sale in the currency of that country.
In Belgium, the official currency is Euro (EUR), denoted by the symbol €, where 1 EUR is 100 cents. Coin denominations of 1 and 2 euro cents are being phased out of circulation. Total cash payments for the sale of goods and services are now rounded to the nearest 5 cents. As required, if the price ends with 1 or 2 cents, the payment is rounded down, and if it ends with 3 or 4 cents, the payment is rounded up. Similarly, price endings of 6 and 7 cents are rounded down, and those of 8 and 9 cents are rounded up. For other currencies and payment methods besides cash, payments are made in the amount specified in the payment document and are not rounded up or down.
To activate this functionality, the parameter Round Off Cash Payments To must be set to BE. It can be found on the POS center form under the POS Workstations tab. This value is only set automatically if BE is selected in the VAT Rate Group field on the company form.
Payment rounding is available for the following document types:
- Receipt
- Invoice
- Advance sales invoice
- Receipt correction
- Invoice correction
- Advance sales invoice correction
Upon selecting Cash as payment form, the system automatically rounds up the document value to 4.25 EUR. Furthermore, rounding is also communicated with a direction arrow icon that is displayed by the Change field in the bottom right corner.