Gold purchase in the cash register

1. Click on Cash register in the menu.

3. Click on the  option Gold purchase

4. Then fill in the price per gram and the number of grams. (You can also fill in the total amount and set 1 at Quantity / Gram.

5. Select what the gold purchase is used to realize the correct processing in the statistics. By default, it is set to "Money."

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

Options: 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.

Option:Money

If the gold is not melted, but you exchange gold for money with the option 'Money' (formerly these were the options Cash / Cash and Bank Payment / Bank payment / Bank), then you fall under specific tax rules.

Gold purchase is sold excluding VAT when selecting 'Money'. This must be put on a loose voucher without other items.

The customer's data must also be added to the voucher.

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