Gold purchase in the cash register

1. Click on "Checkout" in the menu.

2. Click on the "Gold purchase" button

3. Then fill in the price per gram and the number of grams.

4. Select what the gold purchase is used to realize the correct processing in the statistics. By default, it is set to "Stock" (Instock).

These options have to do with whether or not the gold is melted down.

Stock, Gift card, Repair, Order

If you are buying gold and making a Stock Item (Stock), Gift Card (Gift Card), Repair (Repair) or Order (Order), select one of these options.

Consequences for your accounting:

1. With these options, the turnover of the gold is deducted from your total turnover.

2. With these options, turnover is taxed with 21% VAT. This means that you have to pay less tax to the tax authorities

The system reasoned as follows:

The gold you purchase will be incorporated into the item that you now or later process in sale.

As a result, you only pay VAT on the added value.

So:

Ring gold surrendered à 100 euros

Ring gold with diamond à 150 euros sold.

You only pay VAT on the added 50 euros.

Cash and Bank Options

If the gold is not melted, but you exchange gold for money with the options Cash (Cash) or Bank Payment (Bank) options, then you fall under specific tax rules.

Gold purchase is sold excluding VAT when selecting 'Cash' or 'Bank'. This should be on a loose voucher without other items.

The data of the customers must also be taken over.

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5. Then add a stock product or gift card or settle for the transaction immediately.