As a wholesaler of diamond jewellery, it is of utmost importance that you are able to manage the accounts in Diamond as well as Currency, effectively and efficiently. In other words, managing Karigar / Smith / Artisan records as well as customers / party records is crucial for you.
ORNATE-2017 allows a Wholesaler to manage this function very well through the Wholesale entry.
Whenever you issue diamonds for manufacturing or receive ready ornaments from manufacturing (Artisan / Karigar / Smith), then ORNATE-2017 will allow you to maintain the stock balance of each Artisan in either fine weight or net weight. You can also choose to specify labour charges in either currency or diamond (in the form of wastage). Artisan payments can also be made in either currency or diamond. You can convert such outstanding from diamond to currency or vice-versa by using the Fixing option of ORNATE-2017 .
The wholesale business needs quick and easy entry format, which is one of the key feature in ORNATE-2017 . In one single entry screen, all types of different transactions like Issue, receipt, rate fixing, currency payment and receipt is available. There is a facility to enter Fixed transaction (outstanding to be kept in amount) and Unfixed transaction (outstanding to be kept in diamonds) in a single entry form. There is a separate option that allows you to define fix wastage or item wise wastage.
You can also define the setup to calculate wastage on net weight or fine weight. In the same setup, you can also define fix or item-wise labor charges for the supplier or artisan. This labour can be calculated on gross weight, net weight or fine weight. You can also define sales and purchase transactions as retail and wholesale type. In case of retail sales or purchase, outstanding will be kept in amount and in case of wholesale, outstanding will be kept in fine weight.
Based on the definition of retail and wholesale bill, one can define calculation of sales labor charges on the gross weight or net weight. You can fix diamond rates against any outstanding diamond (i.e., conversion of your diamond outstanding into amount) or you can fix any outstanding amount (i.e., conversion of your amount outstanding into diamond).
All vouchers like diamond issue, diamond receipt and cash or cheque payment can be printed online while entering data.
Apart from the above, Diamond Jewellery Wholesalers need to maintain.
ORNATE-2017 provides these reports
Diamond & Currency ledger is available in detailed as well as summarized format. It helps in balancing customer, supplier and artisan accounts on the basis of both diamond and currency at a time. The Outstanding report (Diamond & Currency) is very precise and in crisp format.
All items can be tagged with plain computerized tags.
All stock reports are available on gross weight, net weight or fine weight as per requirement. A separate, item-stock ledger report with wastage issue and wastage receipt is also available.
To maintain stock of your real diamond Jewellery, precious and semi-previous stone Jewellery, ORNATE 2014 provides studded Jewellery management functionality. In this, along with gold or platinum, you can also define different types of diamond or stone with details of 4Cs:
- Cut / Shape (Marquise, Topaz, Oval etc.)
- Clarity (VVS1, VS1, VS2 etc.)
- Colour (J, H, I etc.)
- Size (6.5-11, 11-13 etc.)
Based on the above information, the software generates different reports having total stock, bifurcation of stock with diamond and stone details as well as separate summaries of diamond and stone stock, style wise and size wise stock.
A separate report indicating gain & loss incurred from transactions based on fine diamond is available with control report option.
You can fix diamond rates against any outstanding diamond (i.e. conversion of your diamond outstanding into amount) or you can fix diamond rates against any outstanding amount (i.e. conversion of your amount outstanding into diamond).
Apart from Supplier / Customer outstanding, reports would include all reports right from cash book, bank book, journal, day book, ledger accounts to control reports like trial balance and Opening trial balance sheet. Apart from this, all registers like issue, receipt, sales and purchase are also prepared in predefined formats.