Handling Old Scrap Gold Exchange & Melting Loss Deductions
Calculate trade-in scrap gold values, apply melting loss percentages, test purity, and deduct exchange credits directly on new bills.
Step-by-Step Instructions
Open Old Gold Exchange Section
In the invoice checkout screen, expand the 'Old Gold / Exchange Credit' module.
Record Scrap Ornament Details
Enter description of old ornaments traded in (e.g. 'Old 20K Bangles & Chains') and gross scale weight in grams.
Apply Melting Loss & Dust Deduction
Input melting loss percentage (e.g. 3% to 5%) or fixed gram deduction based on acid/touchstone testing.
Set Exchange Metal Rate
Enter today's scrap exchange rate per gram. JewelBill calculates net scrap value and subtracts it directly from the payable total.
Print Exchange Voucher on Invoice
The final A4/A5 PDF and thermal receipt clearly display the old gold credit as a separate itemized deduction line item.
Expected Outcome
Customers receive clear accounting for their exchanged old jewelry, and shop inventory balances reflect incoming scrap metal.
Important Points & Common Pitfalls
- Applying scrap deduction after tax calculation; exchange credit must be deducted against total payable without altering GST on new ornaments.