As a wholesaler of Gold and Silver jewellery, being able to manage the accounts in metal as well as currency, effectively and efficiently, is of utmost importance. In other words, managing Karigar / Smith / Artisan records as well as customers / party records is crucial for you.
ORNATE-STANDARD allows a Wholesaler to manage this function very well through the Wholesale entry.
Whenever you issue Gold and Silver for manufacturing or receive ready ornaments from manufacturing (Artisan / Karigar / Smith), then ORNATE-STANDARD 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 Gold and Silver (in the form of wastage). Artisan payments can also be made in either currency or Gold and Silver. You can convert such outstanding from Gold and Silver to currency or vice-versa by using the Fixing option of ORNATE-STANDARD.
The wholesale business needs quick and easy entry format, which is one of the key feature in ORNATE-STANDARD . 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 Gold and Silvers) 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.
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 Gold and Silver rates against any outstanding Gold and Silver (i.e., conversion of your Gold and Silver outstanding into amount) or you can fix any outstanding amount (i.e., conversion of your amount outstanding into Gold and Silver).