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What rounding model does Tradeshift use?
Created on 2016-10-11 20:36:27; Last updated on 2021-04-14 20:00:06
When you create an invoice in the web user interface, Tradeshift is doing the calculations. Our rounding model is "round half to even". Thus, for example, €1159.125 becomes €1159.12, and €231.837 becomes €231.84.
For a truly random set of decimal numbers, this type of rounding will not skew the totals up or down significantly, so it is favored as a fair rounding system in financial applications.
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