Re: Pennies

[Jigme Datse Yli-Rasku <..hidden..>]

This is of interest to me here in Canada.  In Canada (and in Australia I
think) there is no penny any more.  The issue that commonly comes up for
some businesses is no matter how carefully you set your prices, unless
you do a "tax included" setting of prices, you risk that things will not
balance out.

Further, with any sales which are *not* cash, you are not *supposed* to
use any form of rounding.

So I see that this is something that might be a future issue for a 
number of countries as with the elimination of the "smallest coin", 
potentially repeatedly.

If Canada were to get rid of the nickel, but *not* the dime ($0.05, and 
$0.10) respectively, rounding becomes really difficult, you can't give 
$0.05, or $0.15 change, but can give $0.10, $0.20, $0.25, $0.30, $0.35, 
$0.40, $0.45, $0.50, $0.55, $0.60, $0.65, $0.70, $0.75, $0.80, $0.85, 
$0.90, $0.95...  That is only to the pennies.

The problem with this also is, to create some of these changes, you need 
to figure out what combination of coins to use.

The previous system with the penny was not a problem, and eliminating 
it, really doesn't make a huge difference in how things work.

They would be unwise to not eliminate both the nickel and the dime at 
the same time.

Our government is not known to be wise.

Jigme Datse Yli-Rasku

On 15/08/06 16:15 , Bob Crandell wrote:
> I don't know what a spql is.
> I was hoping there was a setting on the System/Defaults screen that
> would set "Decimal Places for Money" that worked on the Item Price field
> like it does on the Extended Price field.
> I guess setting the Sell Price will work for now.  If somebody would
> make that adjustment it would save my girls a little bit of typing.
> Thanks and this is a great program.
> Bob
>
>
>  >>> "R. Ransbottom" <..hidden..> 8/6/2015 12:05 PM >>>
> On Thu, Aug 06, 2015 at 08:31:22AM -0700, Bob Crandell wrote:
>
>  > We don't do pennies so I'm trying to figure out how to either
>  > truncate the dollar amount or round up so that $74.29
>  > shows up on an invoice or receipt as either $74.00 or $75.00.
>  > I don't care which.
>
>  > How do I make the pennies go away when I sell something?
>
> You could use psql to execute something like:
>
>      update parts set sellprice=round(sellprice);
>
> (or trunc()) to set all your prices as you like.
>
> After that, if necessary, you could add a sql trigger that would
> round the sellprice on an update or insertion to parts.
>
> This should set your default prices in invoice forms and such, but
> would probably allow users to enter decimals if they so choose.  Which
> sounds "good enough" because the direction of useless effort is
> reversed.
>
> Be warned: I'm just a beginner here.
>
> Rob
>
>
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