Gold in, gold out — weighed to the last gram.
Gold, silver and diamond traders don't bill like anyone else: metal value and making charges taxed apart, purity-wise stock, old-gold exchange across the counter, and high-value pieces worth tracking one at a time. Finocket fits the showroom.
You already know the pain.
Metal and making charges aren't one line.
Gold is taxed on its value; the making charge is a service taxed at its own rate. Bill them as a single line and your GST is wrong from the very first invoice.
A single piece can be worth a month's rent.
Weighted guesses don't cut it when one necklace locks up lakhs. You need the exact metal on hand, by purity, and the big pieces followed one by one.
Every sale can start with a buy-back.
A customer brings old gold, you weigh it, and it offsets the new purchase. If that metal never re-enters your stock, your books and your safe stop agreeing.
What Finocket does for you.
HSN 7113 invoices, making charges split
Save gold, coins and making charges in the item library with their HSN/SAC and rate, so each invoice taxes the metal (HSN 7113, 3%) and the making charge (5%) on their own lines — CGST/SGST/IGST worked out from the place of supply.
Stock by purity, pieces by serial
Track stock with batches for each purity or lot, and turn on per-unit serials for the high-value pieces you follow individually — valued FIFO, with landed costs added on imported purchases.
Old-gold buy-back adds to stock
Record a customer's old gold as a purchase and the weight flows back onto your stock ledger; the new sale draws fresh stock down — so what's in the safe and what's in the books always tie out.
Cash, UPI and cheque, kept apart
A Tally-style cashbook keeps Cash, UPI, Cheque and Bank Transfer in separate tabs, totalled by day, so a cash-heavy counter reconciles in a scan, not a spreadsheet.
Advances on custom orders
Making a piece to order? Send an estimate the customer accepts online, collect a deposit up front, and convert it to the final invoice in one tap when they come to collect.
Stock value in your final accounts
Closing Stock on the balance sheet and Cost of Goods Sold on the P&L, at FIFO or weighted-average cost — so the metal locked in your showroom shows up exactly where your CA expects it.
Speak the bill at the counter
Dictate an invoice in Tamil, Telugu, Kannada, Hindi or English and it comes back as a filled-in draft you read before it saves. It is careful about what it doesn't know: a line it couldn't make out is dropped and flagged rather than guessed at, a rate worked back from a total is flagged as derived, a date you didn't say is defaulted and flagged, and a customer it can't place hands you the add-customer form instead of picking someone who looks close. It creates no new way to save an invoice — it fills in the same draft you'd type.
Who's due back, from your own invoices
Finocket reads your own invoice history and works out which customers are due to buy again, using the median gap between their purchases rather than the average — so one festival bulk order can't hide a six-week rhythm. Item identity is matched literally, so a 22k chain and a 24k chain never merge into one product. Every suggestion carries the evidence you can check against your own records, and a counter with too little history gets zero suggestions plus a plain statement of what's missing, never a padded list. It produces the offer and a draft quote you confirm — it does not contact anybody by itself.
Hand-to-CA ZIP + read-only invite
Roll any period into one ZIP — every invoice, statement, Day Book, Outstanding and GSTR-1/3B — or invite your CA as a read-only member who gets everything they need to file, but can never change a figure.
The bar we hold ourselves to
The metal in my safe and the metal in my books finally match at closing — down to the gram.
What we set out to fix for jewellers reconciling stock, making charges and old-gold buy-backs by hand