Accounting of jewellery business

There is boom in jewellery business . Due to increasing the value of gold jewellery business is giving high rate of return to business man . Because of my background is related to this business so , I am writing and telling you the technique of how to make and maintain the accounts of jewellery business .It is very simple to record of jewellery business but it is very harmful to make any mistake in these type of accounts .

Because 10 gram’s quantity’s value is approximately Rs. 10000 so be careful while doing the accounts of jewellery business .
When we purchase gold , it will our raw material . So it will deal as stock , it should valued on cost . Then you should regular passing the voucher entry of purchasing of gold . in cash book if you purchase on cash , if you purchase on credit , then your duty is also to maintain the accounts of your creditors also . Because this is our current liabilities , we should know how much amount , we will have to pay to our creditors . In manual accounting , we just make journal or day book , ledger after this we should find out our profit or loss from manufacturing , trading and profit and loss account after this we also must make balance sheet .

You can this work also in tally 7.2 in this you get Vat entry facility . Now softpedia is giving you the software special for the accounting of jewellery business download and try . I do not use but I am giving the link to you to download , For downloading software click on

Jewelry Accounting Software 3.6

Detail of this software
Jewelry Accounting Software description Jewelry Accounting Software - keep up to date accounts without any tension
Jewelry Accounting Software is the right way to keep up to date accounts without any tension. It is useful accounting software for Jewelry Business as Gold, Silver, Un-Tensil Merchant, Gold and Diamond Showroom. Jewelry Accounting Software helps into handling the stock of old/new Gold & Silver and Jadau & Simple Ornaments of these Mattel and Un-tensil. Here are some key features of "Jewelry Accounting Software":Karigar Accounts and Production:· This software give you facility to prepare Karigar Stock Summary. Karigar Goods issue register, Karigar Receipt (Simple and Jadau) Register, Refining Production, Mixing Entry Bill / VAT INVOICE Printing: · Bill printing as you design, · Purchase Invoice Printing, · Debit Note Printing, · Credit Note Printing,
· VAT Invoice Printing. VAT Report:· VAT-07: Purchase Register / Statement of Purchase against VAT Invoices, · VAT-08: Sales Summary, · VAT-09: Statement of Sales against VAT Invoices. Process:· Gold Refining: From Old Gold to Pure Silver. · Silver Refining: From Old Silver to Pure Silver. Accounting Books:· Day Books (Vouchers), · Cash/Bank Book, · Journal Register, · Sales Register, · Purchase Register, · Sales Return (Credit Note) Register, · Purchase Return (Debit Note) Register, · Stock Summary, · Inventory Ledger, · Ledger Account, · Day Books (Vouchers), · Cash/Bank Book, · Journal Register, · Sales Register, · Purchase Register. Inventory Books: · Material Transfer In Voucher, · Material Transfer Out Voucher, · Goods Given to Party Voucher, · Goods Received from Party Voucher. Final Accounts:· Account Group Summary, · Vertical & Horizontal Trial Balance, · Trading Account, · Profit & Loss Account, · Balance Sheet. Requirements:· Any operating system as DOS/WINDOWS 3.1/9x/2000/XP. · RAM is no matter For DOS application, but Sufficient RAM is to run Jewelry Accounting Software with billing. At least 8MB and 600kb conventional memory are recommended for better performance. · At least 10MB free disk space. GO–Jewelry Accounting Software Setup does not allow you to select which groups of files you want to copy to your hard disk. If you have limited disk space, then you are suggested to remove unusual files from your computer. · CD-ROM Drive · IBM Compatible Printer, Dot Matrix Printer


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Accounting Education: Accounting of jewellery business
Accounting of jewellery business
Accounting Education
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