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Receivables - EBS (MOSC)

Rounding for Cash Sale transactions - Australia & New Zealand

Feb 26, 2018 12:02PM edited Mar 11, 2018 5:01AM in Receivables - EBS (MOSC) 2 commentsAnswered

Lowest denomination for Australia is 5 cent coin, and

So when a customer pays in Cash for a Sales Order/AR Invoice, he can pay only in multiples of 5 cent in case of Australia.

For example,

(1) if the Sales Order or AR Invoice amount is 96.11 AUD, he will pay 96.10 AUD => Rounding = - 0.01

(2) if the Sales Order or AR Invoice amount is 96.13 AUD, he will pay 96.15 AUD => Rounding = +0.12

And this rounding should happen on the total amount (including Tax amount).

We want to know if Oracle has any standard solution or localization for Australia to handle this rounding amount, just for cash transactions.

Tagged:

EBS_AR_Receivables

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