Create a Rounding Item in HirePOS
It it may be helpful to create a "rounding item" in HirePOS that is mapped to your Xero Rounding account to easily deal with minor variances that can occur as a result of detailed or mismatched rounding processes. For a one-off issue, this may not be required. If your pricing methods regularly cause rounding discrepancies, it will be worth setting up this rounding account.
Create a Rounding Category
It will be necessary to create a category for the rounging item, so we can map the values to the correct account in Xero.
- Navigate to Setup > Item Related > Item Categories
- Press New Item Category
- Name the Category something like
Rounding
- Set both the Xero Income Code and Xero/ Expense Code to your Xero Rounding Account Code (860 by default)
- Press Save New
Create a Rounding Item
- Navigate to Setup > Items
- Press New Item
- Give the Item the description
Rounding
- Set the Item Type to
Misc
(or any other type that is not a 'Hire' type, and preferably not a primary sales income type) - Set the Category to the newly created
Rounding
category - Press Save New
You can now use this item to manually correct rounding variances in HirePOS prior to export by simply adding a line to the invoice and applying a positive or negative 'each' price to it.