How to: Be Smarter Than Smart Rounding in Dynamics 365 Finance

Like me, maybe you’ve often felt intimidated by smart rounding in Dynamics 365. Fear not! In this blog, we will cover the powerful feature dubbed “Smart Rounding” and explore some of tricky behind-the-scenes setup.

In Dynamics 365, smart rounding is the functionality that automates the rounding process using system templates or user-defined rounding rules, giving you full flexibility to configure pricing structures based on your business requirements. Rounding rules will determine how the prices should be rounded based on the specified precision. For example, you can configure a rule to round sales prices to the nearest whole number or leverage it to entice buyers with a more attractive sales price.

When creating sales orders, the system will automatically apply the defined rounding rules to the calculated prices. Users are also given visibility into the pricing calculation and any rounding rule applies, so they’re able to understand how the system arrived at the calculated price.

Let’s take a look at a simple example. To create a new rounding rule, navigate to Sales and marketing > Setup > Prices and discounts > Smart rounding. After you create a new rule, name the Version, and give it a Name. Then, we’re able to define the rules themselves. The example below represents a rounding situation where we’re rounding the Unit price down to the nearest whole number:  

Some parameters to consider include Unit price from/to (A), which refers to the range of prices you want these rules to apply to. Syntax (B) must always contain the # wildcard to define the price to round to. Lower and Upper limits (C) must also contain the # wildcard and define the range for which the value will round up or down until it fits the Syntax. After verifying with the handy-dandy Rule simulation tool, we can confidently say that, for example, a Unit price of $137.30 would round down to the nearest whole number of $137.00.

Optionally, you can add any additional currencies you would like this version to be applied to in the Rounding version members section of the form.

Before the Smart rounding version is considered ‘Active,’ it must be applied through a Trade agreement journal. On the journal lines, click Adjustment > Apply smart rounding.

Below, you can see the results of the Smart rounding application:

By using Smart rounding to automate the rounding process, you can enhance pricing accuracy and efficiency, or lure customers with enticing pricing, while also reducing errors. Customers receive precise pricing information, promoting transparency and building stronger relationships.

If you found this helpful, you should check out our related blogs: Dynamics D365 Credit Card Payments and What’s New in Dynamics 365: Customer Payment Predictions

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