This content is provided for informational purposes only and is not intended as legal, accounting, tax, HR, or other professional advice. You are responsible for your own compliance with laws and regulations, including any applicable to cash adjustment practices. You should contact your attorney or other relevant advisors for advice specific to your circumstances. The development, release and timing of any products, features or functionality remain at the sole discretion of Toast, and are subject to change. You are also solely responsible for informing your customers about any cash adjustment or related business practices. |
Cash Rounding Configuration Needs
As the US phases out pennies, this is one configuration you may consider to avoid disruptions in operations and reporting. The first steps for proper cash rounding set up are to create a non-printing prep station and a dedicated sales category for cash rounding. Follow the steps below to ensure you set this up properly.
Create a No Print Prep Station
For cash rounding, it is important to have a non-printing prep station configured to ensure your cash rounding menu item does not get set to the kitchen. Follow the steps below, or for more information, see Configure and Assign Prep Stations.
Note: If you already have a non-printing prep station set up, you can skip this step.
To create a no print prep station:
In Toast Web, navigate to Kitchen > Kitchen stations > Prep stations.
Select +Add in the bottom left corner.
Set the Station Name to No Print.
Set the Send to field to Prep Station Only.
Do not select any Other Stations.
Set Ticket Printer to None.
Uncheck Always Print Tickets.
Save and Publish your changes.
Note: Multilocation Management customers can standardize this prep station at all locations by ensuring the target and owner are set to the group level.
Create a Dedicated Sales Category
It is important to create a dedicated sales category called Cash Adjustments to allow for easy reporting. Follow the steps below to create a new sales category, or for more information, see Configure Sales Categories.
To create a new sales category for Cash Adjustments:
In Toast Web, navigate to Menus > Settings > Sales categories.
Select + Add.
Set the Name to Cash Adjustments.
Saveand Publishyour changes.
Note: If you have Multilocation Management and would like to standardize your non-printing prep station and dedicated sales category at all of your locations, you can create your No Print Prep Station as a Master Prep Station, and your Sales Category targeted at the group level. For more information, see Manage Prep Stations With Toast Multilocation Management.
Create a Dedicated Menu Group
Follow the steps below to create a dedicated menu group, or for more information, see Create and Manage Menus, Menu Groups, and Subgroups.
To create a new menu group:
In Toast Web, navigate to the menu manager by selecting Menus > Menu management > Menu manager.
Select the name of the menu you'd like to add the menu group to.
Select +Add menu group.
Name the menu group Cash Adjustments.
Select the hyperlink of your newly created menu group to see the Menu group details.
Set the Channel visibility to POS only.
Create a Dedicated Menu Item
If your business has decided to exclusively round up, or exclusively round down, you will only need one dedicated menu item for cash rounding. If you have decided to round up or down based on total, create one new menu item for rounding up, and one for rounding down. For more information on creating a new menu item, see Create and Manage Menu Items.
Your menu items will need to be set up with the following information:
Round Down Item
Menu Item Name: Cash Rounding (Non-taxable)
POS Name: -1 Cent
Pricing Strategy: Base Price
Base Price: -$0.01
Prep Station: No Print
Sales Category: Cash Adjustments
Taxes: None
Channel visibility: POS only
Round Up Item
Menu Item Name: Cash Rounding (Non-taxable)
POS Name: +1 Cent
Pricing Strategy: Base Price
Base Price: $0.01
Prep Station: No Print
Sales Category: Cash Adjustments
Taxes: None
Channel visibility: POS only
Once you have created the new menu item or items, make sure to Save and Publish your changes so these items appear on the POS for all cash-handling locations.
Cash Rounding on the POS
If a guest is ready to checkout and you have confirmed that they would like to pay in cash, ask if they would like to use cash rounding. If they say yes:
Navigate to the Cash Adjustments menu group.
Add one or more Cash Rounding items to the check (‘+1 cent’ or ‘-1 cent’) until the total rounds out correctly.
Select Pay.
Select Cashtender button on the Payment screento complete the transaction.
The picture below is an example of two cash rounding items added to a check on the payment screen rounding the total down:
The picture below is an example of a printed receipt containing two cash rounding items added to a check rounding the total down:
Cash Rounding Reporting
Cash rounding adjustments appear in the Product Mix (PMIX) report, enabling accurate tracking of total cash adjustment amounts. These amounts can be recorded in third-party accounting systems as cash over/short variances. To learn more about your Product Mix (PMIX) report, see Product Mix (PMIX) Report Overview.