 dirtyjefferAnons on ignore, but not due to fear.Premium
join:2002-02-21
London, ON | reply to IamGimli
Re: Death of the dumb prices at Walmart it is possible they may have an "adder" like this:
Sub Total: $85.53
Cash Rounding : $00.02
Cash Total: $85.55
or
Sub Total: $85.52
Cash Rounding: -$00.02
Cash Total: $85.50
the "Cash Rounding" line would have its own ledger in the accounting part of the program.
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People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.
- George Orwell |
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 GonePremium
join:2011-01-24
Fort Erie, ON
kudos:3
 ·Start Communicat..
| reply to ekster
said by ekster:The rounding should only happen if you use cash afterwards. ... that's exactly how it will happen. |
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 nitzguyPremium
join:2002-07-11
Sudbury, ON
·TekSavvy DSL
| reply to Sukunai
I have a question, if you're out now, how do you reconcile?
I mean, we are human, we make mistakes, lets say a penny slips and doesn't make it in to the register and at the end of the day you're out a penny, how do you manage that now?
I'm just curious...at work, I just have this magical thing called a "Variance Slip" that makes me magically balance lol. |
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 EUSKill cancerPremium
join:2002-09-10
canada
 ·voip.ms
| reply to ekster
said by ekster:They should still be showing the actual total in case you use a credit/debit card. The rounding should only happen if you use cash afterwards.
And only if you do not have exact change.
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~ Project Hope ~ |
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GonePremium
join:2011-01-24
Fort Erie, ON
kudos:3 Reviews:
·Start Communicat..
| reply to nitzguy
said by nitzguy:I mean, we are human, we make mistakes, lets say a penny slips and doesn't make it in to the register and at the end of the day you're out a penny, how do you manage that now? You try and find out what the error was and fix it. If you can't, you make an adjusting entry. |
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| reply to Sukunai
We should have tax built-into our prices, like they do in the rest of the world. End this silliness. |
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| ... what? |
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nitzguyPremium
join:2002-07-11
Sudbury, ON Reviews:
·TekSavvy DSL
| reply to Gone
said by Gone:said by nitzguy:I mean, we are human, we make mistakes, lets say a penny slips and doesn't make it in to the register and at the end of the day you're out a penny, how do you manage that now? You try and find out what the error was and fix it. If you can't, you make an adjusting entry. ...I should have known that....I've been out of the accounting practice loop for way too long....thanks for the tip o' the day! |
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nitzguyPremium
join:2002-07-11
Sudbury, ON Reviews:
·TekSavvy DSL
| reply to dragonfly
said by dragonfly:We should have tax built-into our prices, like they do in the rest of the world. End this silliness.
We could have the GST built into the price....companies choose not to. You know why? Optics. Walmart wants to sell you that shoe for $9.97...that's their price, they want you to know that its the government that's stealing the other 49ish cents for GST (@ 5%, not every province is subject to HST so I'm just keeping things easy math wise).
Its in the legislation, take a look. |
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Reviews:
 ·Cogeco Cable
| Ah, I see what he's suggesting, that the price of tax is invisible to the consumer but visible for everyone else, like manufacturing, distribution, resellers, etc.
No, I think I'd rather the amount of money that the government collects, in addition to corporate and income taxes, is visible to me and everyone else. |
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GonePremium
join:2011-01-24
Fort Erie, ON
kudos:3 Reviews:
·Start Communicat..
| said by urbanriot:Ah, I see what he's suggesting, that the price of tax is invisible to the consumer but visible for everyone else, like manufacturing, distribution, resellers, etc. When one understands how the mechanism surrounding input tax credits works with GST/HST, and that *everything* purchased by a business with a GST/HST account is an input tax credit - including even the toilet paper for the bathroom - one should also understand that the tax needs to be visible so you can reconcile the credits and ensure that what you are claiming for the refundable portion is correct. |
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| reply to Sukunai
Do like they do in Australia: prices are shown taxes-in but the receipt breaks out the taxes from the total.
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"It's all coming down!!" - Mike Holmes |
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dirtyjefferAnons on ignore, but not due to fear.Premium
join:2002-02-21
London, ON | reply to Gone
said by Gone:said by nitzguy:I mean, we are human, we make mistakes, lets say a penny slips and doesn't make it in to the register and at the end of the day you're out a penny, how do you manage that now? You try and find out what the error was and fix it. If you can't, you make an adjusting entry. everywhere i worked, you were either "over" or "short", meaning you deposited more or less than what you were supposed to...it was quite common to be out a little bit over the course of a day (grabbing a quarter instead of a nickel by accident)...in the end, when you reconcile your "monies", you might be out $2 at the end of the month, which just comes out of your profit...it is a minuscule amount...of course, if you are out a lot (over/short), then you dig a little further to see what is going on...for example, if you are short $28.25, you look for entries for $25 (plus tax)...you will often find that a sale was processed incorrectly at which point you could then correct it to balance the books...if it was discovered the next day, you can correct it that day and be over $28.25, which would negate the previous day's shortage...any person working in retail works with over/short all the time.
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People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.
- George Orwell |
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dirtyjefferAnons on ignore, but not due to fear.Premium
join:2002-02-21
London, ON | reply to mr weather
said by mr weather:Do like they do in Australia: prices are shown taxes-in but the receipt breaks out the taxes from the total.
so what if you get a First Nations person shopping in your store??  |
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| said by dirtyjeffer:said by mr weather:Do like they do in Australia: prices are shown taxes-in but the receipt breaks out the taxes from the total.
so what if you get a First Nations person shopping in your store?? Apply the tax rebate at the point of sale.
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"It's all coming down!!" - Mike Holmes |
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dirtyjefferAnons on ignore, but not due to fear.Premium
join:2002-02-21
London, ON | that is how it is done now. |
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 digitalfuturSees More Than ShownPremium
join:2000-07-15
BurlingtonON
kudos:2 | reply to Sukunai
Go cashless and get cash back on your credit card just for using it. It's the closest thing there is to a free lunch. |
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