Prices or other amounts can be rounded off automatically. This is regulated by both a rounding-off rule and a rounding-off table. The rounding-off rule determines whether the number is rounded upwards, downwards or to the nearest multiple. The rounding-off table defines how the number is rounded off within different ranges.
The rounding-off table contains the range limits and the rounding-off target. The limit specifies the applicable range and the target specifies the rounded amount.
These rules, limits and targets are user-defined and can be different for every currency and amount. They are set in 'Currency. Connect Rounding-off Rules' (CRS053).
Rounding off is used to express totals as a specific whole or decimal value. It can be used to even odd fractions for smaller sums or to create so-called psychological prices, such as $9.90.
This example illustrates a rounding-off table:
Limit | Target | Explanation |
---|---|---|
0.00 | 0.10 | The amount is rounded off to the nearest even .10, e.g. 12.10 12.20 12.30. |
25.00 | 0.50 | The amount is rounded off to the nearest even 0.50, e.g. 12.00 12.50 13.00 13.50. |
100.00 | 9.90 | The amount is rounded off to the nearest 9.90, e.g. 149.90. |
1000.00 | 90.00 | The amount is rounded off to the nearest 90.00, e.g. 1390.00. |
10000.00 | 100.00 | The amount is rounded off to the nearest even hundred. |
The examples below illustrate how an amount is rounded off according to the table. The rounding-off rule determines whether the amount is rounded up, down, or to the nearest multiple.
Example 1 - The amount 12.23 is rounded off as:
Rounding-off rule | Rounded amount |
---|---|
0 = Nearest | 12.20 |
1 = Up | 12.30 |
2 = Down | 12.20 |
Example 2 - The amount 175.45 is rounded off as:
Rounding-off rule | Rounded amount |
---|---|
0 = Nearest | 179.90 |
1 = Up | 179.90 |
2 = Down | 169.90 |
Example 3 - The amount 1175.45 is rounded off as:
Rounding-off rule | Rounded amount |
---|---|
0 = Nearest | 1190.00 |
1 = Up | 1190.00 |
2 = Down | 1090.00 |