Cash Penny Rounding allows your store to round cash transactions to the nearest $0.05. This helps reduce the need for pennies while keeping transactions efficient and balanced.
Cash Penny Rounding (also known as cash rounding) adjusts the final total of a cash sale up or down to the nearest nickel.
This feature:
Applies only to cash payments
Does not impact item pricing
Automatically calculates the adjustment at checkout
Electronic payment methods (credit card, debit, ACH) are not rounded and will always process the exact total.
How Cash Penny Rounding Works
When enabled, Ricochet rounds the final transaction total (including tax) based on the last digit of the amount:
Ends in 1¢ or 2¢ → rounds down ($0.00)
Ends in 3¢ or 4¢ → rounds up ($0.05)
Ends in 6¢ or 7¢ → rounds down ($0.05)
Ends in 8¢ or 9¢ → rounds up ($0.10)
Ends in 0¢ or 5¢ → no change
Example:
$15.22 → $15.20
$15.23 → $15.25
Rounding is applied to the final total after tax is calculated, not to individual items or pre-tax subtotals. Over time, rounding differences typically balance out (small gains and losses offset each other)
How to Enable Cash Penny Rounding
In Ricochet,
Click Preferences
Click Admin
On the Store Details Tab, scroll down to the Preferences section
Toggle ON Cash Penny Rounding
Click Save
Checkout Experience
When a transaction is completed using cash:
The system automatically applies rounding to the final total
The adjusted total is displayed before completing the sale
No manual action is required from staff.
Reporting
Cash rounding is included in your reporting. You can view rounded transactions in the Sales Detail Report and rounded totals in the Sales Summary Report under Net Sales totals.
FAQs
FAQs
Does this affect my pricing?
No. Item prices and taxes remain unchanged. Only the final cash total is rounded.
Do I need to train staff to calculate rounding?
No. Ricochet automatically applies rounding during checkout.
Will this impact my reports?
No. All rounding adjustments are included in your net sales reporting for accuracy.
Will this information reflect in QuickBooks?
Yes. If you are integrated with QuickBooks and utilize the Sales Data Reporting feature, these totals will sync. To learn more about connecting QuickBooks with Ricochet click here.