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Pawnbroker and gold buyer software with the counter maths built in

At a gold counter the tax question is decided by the price you pay. At or below metal value and the reverse charge is compulsory, the margin scheme is barred, and the invoice has to say so.

Exports to Xero and Sage.

The gold desk

Spot is held with a sixty second time to live, so the figure on the screen is the figure you are quoting rather than one from this morning. The per-carat calculator works the way the counter works, and melt or keep is a decision the record remembers.

The investment gold register is statutory: verified identity, six year retention, and notification to HMRC above five thousand pounds. Register failures cost roughly 17.5 per cent of transaction value, which is why it is a register rather than a note.

Cash, and when it becomes a registration

High Value Dealer registration is required before you accept ten thousand pounds or more in cash, and linked payments aggregate towards it. Milleso warns at nine thousand, because the duty is to register before you take the money rather than after.

A note on rates

No published price on this site is a metal rate. A rate printed in copy or artwork is wrong within a week and a dealer checks gram to price maths in his head. The system carries weights, finenesses and treatments; it does not put a number in front of you that has gone stale.

What this uses

The modules behind this page, and the plan that opens each. This table is generated from the rule the software enforces, so it cannot advertise something your plan will not open.

Modules used by Pawnbroker software and the plan that includes each
ModuleWhat it doesFrom
Gold deskSpot, per-carat counter calculator, melt-or-resell, investment gold register.Pro
ComplianceAML audit trail, cash thresholds, the investment gold register.Trade
IntakePhotograph once - record, screening, AML file and VAT treatment.Trade
ClientsBuyers, sellers, trade, consignors and wish lists.Trade
Invoices & VATMargin scheme, reverse charge, investment gold.Trade

Questions

When is the gold reverse charge compulsory?
Where the price is at or below metal value, under Notice 701/21 section 11. The margin scheme is barred at the same moment for precious metals at metal value, investment gold and unmounted stones.
Does it keep the investment gold register?
Yes, with verified identity against the transaction and six year retention. HMRC notification is required above five thousand pounds.
Is there a live gold price in the software?
Inside the product, spot is held with a sixty second time to live at the gold desk. It is never published on this website, because a rate in marketing copy is out of date almost immediately.

Answers on this

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