The problem with registers and Excel
In gold trading a one-gram mistake is real money. Purity, karat, wastage and making charges change the value of every item, and the gold rate changes during the day. Excel sheets cannot keep up, and stock by purity is almost impossible to audit.
What to track
- Purchases and sales by weight, karat and purity
- Wastage and making charges per item or per gram
- Daily or live gold rates used on every invoice
- Old gold exchange against new jewellery
- Stock by purity and by location
- Customer gold deposits and balances
How Odoo handles it
A gold trading module adds weight, karat and purity to products and order lines. Prices are calculated from the current rate, so a sales order always reflects today's value. Stock reports show fine gold as well as gross weight, and every movement is recorded for audit.
Benefits for owners
- Accurate stock by purity at any time
- Faster billing with the current rate applied automatically
- Clear profit per item after wastage and making charges
- Audit-ready records instead of loose registers