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What is the "Bankers Rounding" setting when calculating taxes?
What is the "Bankers Rounding" setting when calculating taxes?
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Written by Jim Spadafore
Updated over a week ago

Bankers Rounding rounds 0.5 to the nearest even number. Essentially if the cent value of the tax total is odd, the 0.5 (half-cent) rounds upwards; If the cent value is even, the half-cent rounds it downwards.

This setting was created for Square users that saw $0.01 remainder on orders after payment was completed.

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