Fraction Rounding For Vat Calculation; Printing Vat Information On Customer Receipts - Olivetti ECR 5500 Instructions Manual

Fraction Rounding for VAT Calculation

Fraction rounding is used to round figures with decimals up or down to
the nearest whole numbers and is used for percent tax calculations.
By default the cash register is configured to round VAT figures a fraction
under one-half pence down one pence and a fraction above one-half pence
up one pence, however you can modify this setting according to your
needs by changing the related system option. Choose from the following
three options to select the rounding as needed:
Status Number Fraction Rounding
0 a fraction of a pence is rounded down one pence
1 a fraction under one-half pence is rounded
down one pence, a fraction above one-half pence
is rounded up one pence
2 a fraction of a pence is rounded up one pence
Changing Fraction Rounding
Proceed as follows to program fraction rounding:
1. Slide the control switch to the PRG position.
2. Type machine condition [14] followed by the status number [0, 1 or
2] to select the desired fraction rounding.
3. Press the [RA/FC] key to store the new setting.
4. Program another feature, otherwise exit the program mode by turning
the PRG to the OFF position.
Example: Program the rounding code so that a fraction under one-half
pence is rounded down one pence, a fraction above one-half pence
is rounded up one pence.
Type/Press:
[14] + [1] + [RA/FC]

Printing VAT Information on Customer Receipts

With the aim of satisfying the more diverse fiscal requirements, this cash
register model can be programmed to print a wide range of VAT-related
information on the customer sales receipt.
By default, the cash register is programmed to print the sales
transaction's total VAT amounts split according to the programmed rates at
the bottom of the sales receipt. By programming the cash register
accordingly, you can decide to print the following VAT information
according to your business' or country's requirements:
• TOTAL VAT: The sum of all the VAT amounts calculated
• TL VAT: The taxed sales totals per each rate
• TOTAL TL VAT: The sum of the taxed sales totals
• T W/O VAT: The taxable sales totals without VAT per each rate
• TL W/O VAT: The sum of the taxable sales totals without VAT.
Programming the Cash Register to Print the Required
VAT Information
With reference to the section Programming System Options, by setting
machine conditions 17, 18, 19, 20, and 21 accordingly you program the
cash register to print the VAT information that you need.
Printing the Sum of all VAT Amounts Calculated (TOTAL VAT)
1. Slide the control switch to the PRG position.
2. Type machine condition [17] followed by status number [1] and then
press the [RA/FC] key.
3. Slide the control switch to the OFF position.
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