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Wednesday, 16 October 2019

Say goodbye to coins

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From October 1, 2019, coins in denominations of 1, 2, and 5 kopecks are withdrawn from cash circulation in accordance with the requirements of Resolution of the National Bank of Ukraine Board dated June 20, 2019 No. 82 “On the withdrawal of coins of small denominations from cash circulation”.

From October 1, 2019 - coins of 1, 2 and 5 kopecks will cease to be a means of payment in Ukraine, respectively, they will not be accepted when paying in cash for goods and services.

The NBU approved the rounding rules, which entered into force on July 1, 2018.

How will the calculation amount be rounded to 0?

Rounding takes place according to mathematical rules. If the calculation amount ends at 1, 2, 3, 4 kopecks - it is rounded to 0 in the direction of decrease. If the calculation amount ends at 5, 6, 7, 8, 9 kopecks - it is rounded to 0 in the direction of increasing the amount.

Also, the NBU notice:

Enterprises must indicate in their checks the total amount of the purchase before and after the rounding, in particular, using the bonus / discount mechanism. Reconfiguring billing registrars will not require significant additional costs.

How are these requirements met at CASHFRONT-small business?

1. Enabling Rounding

Open the menu "Service Settings", the main window. In the Basic Constants we find “Round the amount of sales”, and set the value to “0.10”. And exit the settings.

2. In the figures, the amount of the check without rounding and with rounding.

3. How did the amount round? In the screenshots of the checks below, we see that the program did not round the amount of the check, but changed the amount of goods so that as a result a rounded amount of the check is obtained.

Check without rounding:

Check with rounding:

Thus, we comply with the rounding requirements, and the NBU's remark in the field of registrar reconfiguration:

Enterprises must indicate in their checks the total amount of the purchase before and after the rounding, in particular, using the bonus / discount mechanism. Reconfiguring billing registrars will not require significant additional costs.

“CASHFRONT-small business” generally removes the issue of additional costs!

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Briefly:

Software development for trade;
Supply of computer equipment with installed software;
Control and accounting systems: scales, bar code scanners, check printers and other commercial equipment.

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Location:

58000, Ukraine, Chernivtsi
+380 (68) 196 8830
+380 (50) 374 9540
E-mail: office@cashfront.net


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