As you’ve no doubt heard, the U.S. Treasury has suspended the minting of new one-cent coins (pennies) due to rising production costs. While existing pennies remain legal tender, their reduced availability and eventual phase-out impacts cash transactions.
The good news? You’re already prepared.
BSM includes a built-in “Penny-less” option that automatically rounds cash transactions to the nearest five cents (nickel). This feature was originally added to BSM when Canada phased out their one-cent coin in 2013. To enable/activate this feature in BSM, please do the following…
- At the Enter Program Name prompt, enter SYS.
- Click Config File, then click Change Misc. Configurations.
- In Field Number, enter 4003 (Penny-less Cash Transactions in POS).
- Change the value to Y.
- Click F5=Options, then click Save
- Exit POS at all stations. When you start POS again, it will read the updated setting.
What does this setting do?
When enabled, all cash sales are rounded to the nearest nickel. $0.01 and $0.02 round down to $0.00, while $0.03 and $0.04 round up to $0.05.
Where do the pennies go?
The remaining pennies are recorded on the SLE under the MISC REV field.
Which transactions are rounded to the nearest nickel?
When 4003 is set to a ‘Y’, only cash transactions are rounded to the nearest nickel. Transactions paid by credit/debit card, check, or charged to an account are all left at the normal transaction amount.
Please contact us if you have any questions.
Your BSM Support Team
support@bsmgr.com | (800) 997-6724 (option 2)
P.S. If you are using the credit card convenience fee option (SYS #4072) and want to also use the penny-less option (SYS #4003), please let us know. During our testing late yesterday (12/9), we discovered that those fields overlapped if both were enabled. The POS program has been updated to fix this, but there wasn’t an updated set of programs sent out since we are in the midst of the busy Christmas season.