Set up cash rounding

About cash rounding

With pennies no longer being minted in the United States and circulation being reduced, Square automatically rounds cash transactions to the nearest five cents (nickel) for sellers participating in the closed beta. This helps ensure you and your staff can provide exact change for your cash transactions.

Before you begin

• Ensure your point of sale is running app version 6.84 or newer. You can find your app version at the bottom of the ≡ More screen.

• Cash rounding is only for cash payments: Only transactions that are being paid in cash will be rounded. You’ll see this when you attempt to accept a payment via cash on your point of sale.

How cash rounding works

When a customer pays with cash, Square rounds the final total to the nearest $0.05 (nickel):

Example: If a customer's total is $7.58 and they pay with cash, Square rounds it to $7.60. If they pay with a $10 bill, they receive $2.40 in change.

Set up cash rounding

Cash rounding is automatically enabled for beta participants. Once activated:

1. All cash transactions will be rounded to the nearest $0.05.

2. The rounding adjustment will appear on receipts.

3. Your reports will show the rounding adjustment as a separate line item.

Understanding how rounding appears in your reports

View your transactions report

The rounding adjustment appears as a new line item:

• Amounts rounded down show with a minus sign (e.g., -$0.02)

• Amounts rounded up will show the full value (e.g., $0.02)

  

View your sales summary

To see the total rounded amount: 

1. Sign in to Square Dashboard and go to Reports > Sales > Sales summary.

2. Here you’ll see a row called “Cash rounding”. If required, you can export or print this report for reference.

View your receipts

Both digital and printed receipts will display:

• The original subtotal and tax

• A rounding adjustment line item showing the amount added or subtracted

• The final rounded total

Split payments and round cash

When a customer splits a payment between cash and card, the cash portion is rounded to the nearest $0.05. The card portion is charged the exact amount. However, the order of payment (cash first vs. card first) may affect the final amounts.

Example 1 - Cash payment first:

• Total bill: $10.36

• Cash payment (50%): $5.18 → rounds to $5.20 (+$0.02)

• Card payment (50%): $5.16 (reduced by $0.02 to account for cash rounding)

• Total paid: $10.36

Example 2 - Card payment first:

• Total bill: $10.36

• Card payment (50%): $5.18 (exact amount, no rounding)

• Cash payment (50%): $5.18 → rounds to $5.20 (+$0.02)

• Total paid: $10.38 (customer pays $0.02 more due to cash rounding)

Understanding tax reporting

In practice, since some transactions will round up and others will round down, the rounded transaction amount collected may differ from the original transaction amount. Square apps will calculate taxes on the original transaction amount before rounding is applied. You are responsible for determining the impact of the cash rounding adjustment to your tax collection, reporting and remittance obligations.

You can see your total cash rounded amount in your Sales summary report on Square Dashboard.

Provide beta feedback

Please email cash-rounding@squareup.com to share ongoing feedback on how this feature works for you. Questions to consider when providing feedback:

• How are you using cash rounding adjustments for your business?

• How can we improve the feature or make it easier for you and your team to use?

• Are there any issues or confusion with how rounding appears in reports or receipts?

Opt out of the beta

You can disable cash rounding at any time by emailing cash-rounding@squareup.com.