{"id":34698,"date":"2025-12-05T05:20:41","date_gmt":"2025-12-05T05:20:41","guid":{"rendered":"https:\/\/tenthplanet.in\/odoo\/?p=34698"},"modified":"2025-12-11T05:03:44","modified_gmt":"2025-12-11T05:03:44","slug":"how-to-create-cash-rounding-in-odoo-invoicing","status":"publish","type":"post","link":"https:\/\/tenthplanet.in\/odoo\/product\/invoicing\/how-to-create-cash-rounding-in-odoo-invoicing\/","title":{"rendered":"How to Create Cash Rounding in Odoo Invoicing"},"content":{"rendered":"\n
Cash Rounding is mainly used to round off the total bill amount, especially for cash payments. For example, if the total amount of a product is 5.55 Rs, the bill can be rounded off to 6 Rs.<\/p>\n\n\n\n
Navigate to Invoicing \u2192 Configuration \u2192 Cash Rounding, and click New<\/strong> to create a new cash rounding method.<\/p>\n\n\n\n
Create a Cash Rounding<\/strong><\/h2>\n\n\n\n
When you click the New<\/strong> button, start by entering the name of the cash rounding method. The Rounding Precision<\/strong> field allows you to select the smallest non-zero currency unit to which the invoice total will be rounded. Under Rounding Strategy<\/strong>, you can choose how the system should round the invoice amount to the selected precision. There are two types: Add a Rounding Line<\/strong> and Modify Tax Amount<\/strong>.<\/p>\n\n\n\n
Profit Account: <\/strong>This is used when the rounding increases the invoice total.<\/p>\n\n\n\n
Example:<\/strong> If the amount is rounded from 5.54 rupees to 6 rupees<\/strong>, the difference is a gain, and it is posted to the Profit Account. Select the appropriate profit account from the drop down.<\/p>\n\n\n\n
Loss Account:<\/strong>This is used when the rounding decreases the invoice total.<\/p>\n\n\n\n
Example:<\/strong> If the amount is rounded from 5.48 rupees to 5 rupees<\/strong>, the difference is a loss, and it is posted to the Loss Account. Select the appropriate loss account from the drop down.<\/p>\n\n\n\n
Note: Name, Profit Account and Loss Account are mandatory field<\/p>\n\n\n\n<\/figure>\n\n\n\n
Rounding Method in Odoo<\/strong><\/h3>\n\n\n\n
The Rounding Method<\/strong> in Odoo determines how the rounding difference is applied or calculated<\/em> when the invoice total is adjusted based on the rounding precision.<\/p>\n\n\n\n
Type of Rouding Method<\/p>\n\n\n\n
\n
UP: <\/strong>Rounds the amount up to the nearest value according to the rounding precision.<\/li>\n\n\n\n
Down: <\/strong>Round the amount down according to the rounding precision.<\/li>\n\n\n\n
HALF-UP: <\/strong>This method rounds values with fractional components below 0.5 down and values of 0.5 or above up.<\/li>\n<\/ul>\n\n\n\n<\/figure>\n\n\n\n
Cash Rounding is mainly used to round off the total bill amount, especially for cash payments. For example, if the […]<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[539],"tags":[497,508],"class_list":["post-34698","post","type-post","status-publish","format-standard","hentry","category-invoicing","tag-cash-rounding","tag-invoicing"],"acf":[],"_links":{"self":[{"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/posts\/34698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/comments?post=34698"}],"version-history":[{"count":0,"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/posts\/34698\/revisions"}],"wp:attachment":[{"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/media?parent=34698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/categories?post=34698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/tags?post=34698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Odoo](\"https:\/\/tenthplanet.in\/odoo\/wp-content\/uploads\/sites\/8\/2025\/12\/Tenthplanet-Odoo-Invoicing-Cash-Rounding-Mandatory-1024x226.png\")
<\/figure>\n\n\n\n![\"Odoo](\"https:\/\/tenthplanet.in\/odoo\/wp-content\/uploads\/sites\/8\/2025\/12\/Tenthplanet-Odoo-Invoicing-Cash-Rounding-1024x236.png\")
<\/figure>\n\n\n\n