Across the retail industry, ongoing penny shortages and the rising cost of coin production have created day-to-day challenges for stores, especially when handling cash transactions. While pennies may seem small, the operational inefficiencies around counting, storing, and stocking them can add up quickly.
To help retailers keep lines moving, simplify cash management, and minimize the impact of coin shortages, CresLane provides built-in support for rounding cash transactions to the nearest nickel. It’s an easy setting, requires no workflow changes, and keeps your POS transactions accurate and compliant.
Why Penny Rounding Is Important for Retailers
1. Penny shortages are ongoing
Many banks limit penny orders or cannot supply them consistently. This creates issues when stores must provide exact change, forcing cashiers to improvise, or worse, slowing down checkout.
2. Handling pennies costs more than they’re worth
Pennies increase cash-handling time, change drawer complexity, and end-of-day balancing. Rounding eliminates unnecessary steps while still keeping totals accurate for both the store and the customer.
3. Faster checkout, fewer errors
Removing pennies from the process means:
- Faster cash transactions
- Fewer opportunities for miscounted change
- Cleaner close-of-day reconciliation
4. Customers increasingly expect it
Many major retailers have already adopted penny rounding during shortages. Customers appreciate the transparency and convenience and your store maintains smooth operations even when pennies aren’t available.
How CresLane Supports Penny Rounding
CresLane makes it extremely easy to enable rounding on cash payments. In System Information > Default > Transactions, simply select Penny Rounding and check the box.
Once enabled, the POS automatically rounds up or down to the nearest nickel, depending on the total.
- Edit Your Settings
- Round up or down
Rounding Adjustments Are Fully Reported
CresLane also tracks all rounding activity in your daily reports so your tills remain balanced and your end-of-day totals stay accurate.
The Rounding line on your Balancing Overview shows the total amount rounded up or down for all cash transactions, ensuring full visibility for store management and accounting.
Penny Rounding: A Small Setting With Big Operational Benefits
With penny shortages likely to continue and the cost of handling coins rising, penny rounding is no longer just a convenience. It’s an important operational tool that saves time, reduces friction, improves accuracy, and keeps cash transactions moving smoothly.
CresLane’s built-in rounding feature requires no complicated setup and ensures complete transparency at every step, from the cashier screen to the receipt to your daily balancing reports.
If you need help enabling penny rounding or would like staff training, our team is here to help. Contact us today to learn more.