Use Price Rounding Methods to round sale prices to convenient numbers, or to
convert them to "retail" pricing like $9.95.
HINT Rounding methods are a part of the Goldenseal point of sale software. They calculate
final sale prices for each item that you sell (or each service you provide).
Price ROUNDING METHOD BASICS
Entering Price Rounding Methods  Data
Fields  Rounding Table
Rounding Types  Rounding
Calculations  Trim Calculations
Using Lists  Using Price
Rounding Methods
WEBSITE INFO LINKS
Accounting Software  Point
of
Sale Software  Unit
Cost
Software
RELATED TOPICS
Assemblies  Cost
Items  Item
Discounts  Markups  Unit Cost Setup
Entering Price Rounding Methods
To
enter a Price Rounding Method, follow these steps:
 Choose Income Setup from the Income menu, then choose Price Rounding from the submenu.
 Click the New button, or click on an existing item and click the Edit button.
 Enter details for the rounding method.
Data Fields
Enter the following information for each Price Rounding Method:
Name Type in a brief name for this rounding method. This is
the text that will appear in clairvoyant fields.
Description Type in any comments you'd like to make about
this item.
Rounding Table Enter the rounding calculation method for each
dollar range (see the next section).
Rounding Table
The rounding table allows you to use different rounding calculations for
different price ranges.
EXAMPLE You may want costs under $3 to be rounded to the nearest dime, costs between $3 and $30 to be rounded
to the nearest dollar, and higher costs rounded to the nearest ten dollars.
You can enter any number of price ranges. Price
ranges must be entered in ascending order (you won't be allowed to do otherwise).
NOTE Quantities that are exactly at the limit between two ranges are rounded by the first method in the list.
To enter price ranges that get different rounding methods, follow these steps:
 Click in the Çup toÁ column in the first row, and enter the first amount at which the rounding method changes.
 Enter the rounding method used for that range of items.
 Click in the Çup toÁ column in the next row, and enter the next amount at which the method changes.
 Enter the rounding method for that range.
 Repeat steps 3 and 4 for each additional step.
 When you have reached the final step, enter the rounding method used for prices that are above the highest limit.
Rounding Types
For each range of prices, you can choose a different rounding or trim method.
When you choose to round prices, Goldenseal adjusts them to the nearest multiple of the amount you enter in the value box at the right. For
example, if you round up to the nearest .25, all costs will end in the next higher value ending in .25, .50, .75 or .00.
When you choose to trim prices, Goldenseal adjusts them to a ÇretailÁ price. For example, if you trim up to the nearest .25, values will
end with the next highest even ten cents ending in .05 (.05, .25, .45, .65, or .85).
NOTE If you don't understand the explanations of the trimmed results, try some different trim values, and see how the
calculated costs turn out.
Use any of the following rounding methods:
Round to Nearest Rounds the cost to the closest multiple of the value.
Round Up to Nearest Rounds the cost to the next higher multiple of the value.
Round Down to Nearest Rounds the cost to the next lower multiple of the value.
Trim to Nearest Trims the cost to a 'retail' amount determined by the trim value.
Trim Up to Nearest Trims the cost to the next higher 'retail' amount determined by the trim value.
Trim Down to Nearest Trims the cost to the next lower 'retail' amount determined by the trim value.
Fractional Pennies No price rounding the cost will be to the nearest 1/100 penny.
NOTE It only makes sense to use Fractional Pennies for assembly components, or for very inexpensive items that are sold
in large quantities.
Fixed Digits Replace the entered digits in the value with the digits in the rounding method.
EXAMPLE If you enter $.95 into the rounding method table, then $.33 or $.99 will be rounded
to $.95, and $12.27 will be rounded to $12.95.
Fixed Value Rounds all amounts to a fixed dollar amount, no matter what the original value.
NOTE The Fixed Value option only makes sense for a narrow range of values. For example, you can use it for
very inexpensive items, if you never sell them for less than a minimum amount.
Rounding Calculations
When you choose Round to Nearest, Round Up to Nearest, or Round Down to Nearest, Goldenseal calculates
the net price by rounding values to the nearest
multiple of the value in the box at right.
EXAMPLE If you choose Round Up To Nearest and enter .05 for the rounding interval, a cost
of .22 will become .25, .27 will
become .30, 2.44 will become 2.45, and 174.56 will become 174.60.
The following quantities are commonly used for rounding:
 .01 round to the nearest penny.
 .02 round to the nearest even penny.
 .05 round to the nearest nickel.
 .10 round to the nearest ten cents.
 .25 round to the nearest quarter.
 .33 round to .33, .66 or .99.
 .50 round to the nearest fifty cents.
 1.00 round to the nearest dollar.
 2.00 round to the nearest even dollar.
 5.00 round to the nearest five dollars.
 10.00 round to the nearest ten dollars.
 100.00 round to the nearest hundred dollars.
You can use other rounding intervals, but they will produce odd values
that probably won't be useful for pricing.
NOTE Rounded amounts are always in exact
pennies.
Trim Calculations
When you choose Trim to Nearest, Trim Up to Nearest or Trim Down to Nearest,
Goldenseal calculates 'retail' prices, based on the value in the box at
right.
EXAMPLE If you trim to .09, prices will
end with .09, .19, .29, .39, and up to .99. If you trim to .95, prices
will be .95, 1.95, 2.95, 3.95 and so on.
When you trim to a number, each digit is treated individually.
Here is the way price trimming works, for values less than a dollar:
 .00 to .09 the last digit will be the same as the penny amount entered.
 .10 to .19 the dime amount will be an odd number, and the last digit will be the same as the penny amount entered.
 .20 to .29 the dime amount will be an even number, and the last digit will be the same as the penny amount entered.
 .30 to .39 the dime amount will be 3, 6 or 9, and the last digit will be the same as the penny amount entered.
 .40 to .49 the dime amount will be 4 or 9, and the last digit will be the same as the penny amount entered.
 .50 to .99 the penny digits will always be the same as the amount entered.
Here's the way trimmed prices work for values of one dollar or more:
 1.00 to 1.99 the dollar digit will be an odd number, and the penny digits will be the same
as the amount entered.
 2.00 to 2.99 the dollar digit will be an even number, and the penny digits will be the
same as the amount entered.
 3.00 to 3.99 the dollar digit will be 3, 6 or 9, and the penny digits will be the same as the amount entered.
 4.00 to 4.99 the dollar digit will be 4 or 9, and the penny digits will be the same as the amount entered.
 6.00 to 9.99 the dollar digit and penny digits will be the same as the amount entered.
 10.00 to 99.99 Similar to the 1.00 to 9.99 figures, but only the tendollar digit will be adjusted. The dollar and penny
digits will be the same as the amount entered.
 100.00 to 999.99 Similar to the 1.00 to 9.99 figures, but only the hundreddollar digit will be adjusted. The
tendollar, dollar and penny digits will be the same as the amount entered.
NOTE Trimmed amounts are always in exact
pennies.
Using Price Rounding Methods
To use a Price Rounding Method, enter it into a Markup
System, and then use the Markup System in the Markup field of Cost
Items and Assemblies.
NOTE The Markup System calculates the
approximate markup, and then the Price Rounding Method converts it to a "retail" price.
Main Page  Accounts 
Lists  Transactions  Menus 
Index  Website  User Page
