Depending on your location, you may need to use rounded payments in your transactions (for example, if your location doesn't use a one cent coin/penny). Luckily, Ascend makes it easy to set that up for you and your customers.
Please Note
You will need to activate Rounded Payments in Ascend Options and for each specific Payment Type you would like Ascend to automatically round.
Activate Rounded Payments
- Navigate to Options > Sales and Returns from the Ascend desktop.
- Check the box for Rounded Payments to activate payment rounding in your transactions.
- Select the amount you want to round by from the first dropdown. The default is .05.
- Then select the type of rounding from the second dropdown. The default is Traditional Rounding.
- Select Apply or OK to save your changes.
Configuration by Payment Type
Navigate to Database Explorer > Payment Types and check the Enable Rounding option for all types of payment in which you would like Ascend to automatically round.
How do rounded payments display in the transaction?
The Balance of the transaction will display the actual balance owed by the customer. Once you select the specific Payment Type (and it have Enable Rounding selected) the Payment screen will display the rounded amount owed by the customer.
QuickBooks Setup for Rounded Payments
Once Rounded Payments is Enabled in Options, it will display as a Payment Type within Database Explorer (Ascend Desktop > View > Payment Types).
Note: Rounded Payments will NOT display as an active Payment Type within the transaction screen.
Be sure to map Rounded Payments to the proper QuickBooks account.
KB22-154