Rounding to nearest 5 cents

Question

Hello experts,
At our client, for XXX currency payments, the amount should be rounded to the nearest 5 cents. For example, 100.02 should be rounded down to 100.00 and 100.03 should be rounded up to 100.05.
I did the config at OB90, wherein I added the following line:
COCD XXX 5
But still, when I create the invoice and run the payment program, the currency is not getting rounded to nearest 5. Does anyone have an idea on what I might be missing down here...
Please advise!
N,
All answers will be duly rewarded.

Answer 1

From the IMG activity documentation in SPRO for OB90, it looks like this setting will be applicable only to cash discounts.  It says that the amounts you enter into the system (Vendor invoice) should have multiples of 5 after the decimal point (if you specify 5 as the rounding unit) and then the cash discount % calculated will be rounded by the system to 5.
You will also need to define accounts for cash discount in OBXU.
Example (from IMG activity documentation)
For Switzerland, you decide that five centimes is to be the smallest denomination for payment transactions. For Swiss company codes and the Swiss franc, you therefore enter 5 in the "Rounding unit" column. Cash discount amounts are then rounded off to this currency unit. In the case of Swiss franc amounts entered manually, that part of the amount after the decimal point must be divisible by five.