Converting a number to 2 decimal places

I would like to be able to type a number into a cell and have it automatically converted to a number with the last 2 numbers to the right of the decimal point. For example, if I typed in 1234, it would become 12.34. How can I do that?

Tools>Options>Edit
Check Fixed decimal places
Set for 2

Does that help?

Ron

Yes, that is exactly what I want. Thanks.