GoldSmith
A specialized solution designed for gold businesses, allowing accurate tracking of gold purity, weight, pricing, and stock. Easily manage purchases, sales, and generate essential reports for better control and transparency.
1. Purity Management Issues
Different purity rates in sales and purchases require a flexible system to avoid data and pricing errors.
2. Inventory Record Issues
Manual data entry from invoices is error-prone; automation is needed for accuracy and efficiency.
3. Price Calculation Challenges
Gold pricing depends on supplier formulas; automation reduces manual effort and errors.
4. Reporting Demands
Businesses need detailed and sometimes location-based inventory reports, requiring strong reporting tools.
5. Customization Needs
Varied workflows demand a modular and highly customizable system.
Gold Workflow
PURCHASE
• Fixed purity from supplier
• Manual or Auto Stock Entry
SALES
• Use purity (same/different)
• Invoice created manually
• Price Formula: Weight × Purity × Market Price
Report
• Gold Balance Report (#1)
• Weight/Purity
• Cost/Value (based on stock updates)
Key Modules
Core Functional Modules
Sales Module
Stock Module
Report Module
Customization Module
Client Success Stories
Type A
Characteristics:
Same purity rate for Sales & Purchase
Purity rate is fixed and provided by the supplier
Gold information must be manually entered from invoices into the Stock Item
Gold price is calculated using a given formula
Reports:
Report #1: Gold Stock Balance Report
Required Modules:
Sales Module
Stock Module
Client Success Stories
Type B
Report#1
Characteristics:
Different purity rates for Sales & Purchase
Purity rate is fixed and provided by the supplier
Gold information from invoices is automatically saved into the Stock Item
Gold price is calculated using a given formula
Reports:
Report #1: Gold Movement Report
Report #2: Remittance Advice Tracks
Required Modules:
Sales Module
Stock Module
Location Module
This remittance advice tracks November 2022 transactions. Starting with an opening balance, it records a 2.69 debit (OE) on 2/6, increasing the balance to 2.69. A 5.09 debit (another transaction) followed on 5/6, raising the balance to 7.78. On 10/6, a 5.00 credit (Stock Issue) reduced the balance to 2.78. The document provides a clear transaction summary.
Report#2
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