- This is controlled by a hidden setting that only the MyTime team can enable. To enable the hidden setting, please contact our Support Team at support@mytime.com.
- The functionality is only applicable to cash payments
- If you use cash rounding, you won't have to adjust your prices
If this option is enabled, entering an unrounded amount on the 'Take Payment' page will trigger an error message
- Round cash also applies to changes due. For example, if the original ticket price is $1.03 and the client pays $2.00 in cash, MyTime will display the change due as $0.95.
- The Float and Cash to Bank fields in the Close Register procedure adhere to the setting, preventing staff members from entering whole cent amounts, such as 0.03, in those fields.
- The daily revenue and compensation reports display the actual amount of money collected and the service's actual price, while the daily payments report only shows what was collected.
Here are a few examples of how cash rounding works:
If you adjust your setting to "$0.05" once this setting is activated, it will round pennies up or down to the nearest $0.05.
| Item Value |
Rounding |
Cash Payment |
| $1.01 or $1.02 |
Rounding down |
$1 |
| $1.03 or $1.04 |
Rounding up |
$1.05 |
| $1.06 or $1.07 |
Rounding down |
$1.05 |
| $1.08 or $1.09 |
Rounding up |
$1.10 |
For more information contact us at support@mytime.com.