How does one track metal purity?

Metal purity is usually checked using the non-magnetic magnet test, density or Archimedes' Principle test, an acid test with a touchstone, or professional methods like X-ray fluorescence (XRF) analysis. A jewellery accounting software like the one provided by Tally can help you track metal purity across different SKUs.

Can Tally track the job work done on different SKUs?

Yes, Tally’s jewellery management accounting software can easily track the karigar work or job work done on different SKUs on your catalogue.

Can Tally track stock losses or wastage?

Yes, Tally can track stock losses or wastage of material that occurs during the design process.

Does Tally also offer a POS?

Yes, absolutely - Tally offers a robust POS for smooth order management and billing. The jewellery POS accounting software is fully GST compliant and will also generate GST invoices.

Which billing software is best for a retail shop?

For a counter-sale retail shop, the right billing software is one that bills, tracks stock, records outstandings, and keeps your GST and books in the same place. TallyPrime is built for that pattern. A barcode-first POS system suits a supermarket or apparel floor instead.

Can I use TallyPrime for billing without knowing accounting?

Yes. You raise the bill, and the accounting entry is created behind it. Most shop owners bill and check reports themselves, and involve an accountant or CA for review and filing.

Does TallyPrime work as a POS system?

TallyPrime is billing software built on your books, not a touchscreen POS with an integrated card machine. It suits shops where the price is decided at the counter rather than scanned. For a supermarket-style checkout floor, a dedicated POS product is the better fit.

Can TallyPrime track batches, expiry, and item identity?

Yes. TallyPrime tracks stock by batch with manufacturing and expiry dates, and by unlimited groups and categories such as brand, model, or colour. Serial-level tracking is commonly added through a Tally partner.

How do I track customer outstandings in TallyPrime?

TallyPrime tracks outstandings bill by bill, so you see which invoice is pending and for how long. Bills receivable and bills ageing analysis list what is due, and credit limits can be set per customer.

Does TallyPrime generate e-invoices and e-way bills?

Yes. Both are generated from the invoice you have already raised in TallyPrime, without re-entering data on a separate portal.

Can I access TallyPrime from my phone or from home?

Yes. TallyPrime Cloud Access lets you open the same company data from another location or device, so you can check reports without being at the shop PC.

Can TallyPrime be customised for my business?

Yes. Tally partners build everything from a single custom invoice format or report to full modules on TallyPrime Developer. Share your requirement with a partner to get a scope and cost.

Best Retail Billing Software for Indian Business

What jewellery accounting involves every day

Eight things every jeweller’s books have to get right, and where TallyPrime fits.

Stock valuation: Closing stock has to be valued by an accepted method.; A costing method set for each item
Gold with karigars: Gold sent out for making has to be tracked until it returns.; Job work out orders and a Stock With Job Worker report
Gold loss: Gold issued and gold returned rarely match exactly.; Issue and receipt variance reports
GST returns: Sales, purchases and karigar bills feed your returns.; GSTR-1 filed and GSTR-2A/2B reconciled from TallyPrime
Bank: Bank statements have to match the books.; Statements imported and auto-reconciled
Receivables and payables: Customers, dealers and suppliers settle on credit.; Bill-by-bill outstandings and ageing
Audit trail: Every change to the books has to be traceable.; Edit Log of every creation, alteration and deletion
Year-end: The books have to be ready for your CA and auditor.; Financial statements from the same entries

What you sell changes.
What your books must show does not.

Whether you run a single showroom, a chain of stores, a wholesale business or a manufacturing unit working with karigars, TallyPrime is designed to keep your books the way that best fits you.

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Your jewellery accounts and TallyPrime

The six that decide whether your books hold up

In jewellery, most of the value on the balance sheet sits in stock, and part of that stock is often with karigars. Getting both right is what makes the rest of the books reliable.

Stock valuation

Value closing stock the right way

Inventory is valued at the lower of cost and net realisable value, using FIFO or weighted average cost. LIFO isn’t permitted under Indian accounting standards or tax rules.

In TallyPrime, you set a costing method for each item, with average cost as the default. The Stock Summary can compare stock value across methods.

How your business benefits

Your closing stock is valued by a method your CA can sign off.

Gold with karigars

Your gold, accounted for until it returns

Gold sent to a karigar must come back, or be supplied onward, within one year. If it doesn’t, it is treated as supplied to the karigar on the day it was sent.

TallyPrime records the job work out order and the gold sent through a Material Out voucher, and shows what each karigar holds in the Stock With Job Worker report.

How your business benefits

You can see whose gold is out, and for how long.

Gold loss and variance

Know how much gold was lost in making

The gold that comes back in finished jewellery rarely matches the gold sent out exactly. Unchecked, small differences across many issues add up.

TallyPrime’s Issue Variance Analysis and Receipt Variance Analysis compare what was issued and received against each job work order.

How your business benefits

Gold loss is visible job by job, not discovered at year-end.

GST returns

Returns built from the same books

Jewellery sales are taxed at 3% on the full value, and karigars charge 5% on their job charges. The credit on karigar bills offsets the GST on your sales.

GSTR-1 is uploaded and filed from TallyPrime, and GSTR-2A/2B is reconciled against your purchases, including karigar bills.

How your business benefits

Your returns and your accounts tell the same story.

Audit trail

Every change to the books, on record

Companies must use accounting software that records an audit trail of every change and can’t be switched off. Auditors check it.

TallyPrime’s Edit Log records every creation, alteration and deletion in transactions and masters. TallyPrime Edit Log is the edition built for the requirement.

How your business benefits

Every change has a record, ready for your auditor.

Bank and cash

The books and the bank, matched

High-value sales and purchases move through the bank every day, and unmatched entries only grow harder to trace as the month goes on.

TallyPrime imports statements and auto-reconciles them, with support for over 250 banks. With supported banks, it also brings in the live feed and makes payments.

How your business benefits

Unmatched entries show up each month, not at audit time.

The one real difference between jewellery businesses

How do you track what you carry?

The one place jewellery businesses genuinely differ is how their stock is identified. Which pattern you use is a setup decision, not a different product, and TallyPrime lets you track it the way that works for you.

How your stock is identified	Typical trades	How it is handled
Purity	Gold and silver jewellery businesses	Stock categories by purity, such as 22K, 18K and silver
Weight and pieces	Businesses valuing stock by weight	Alternate units, so each item is counted in both pieces and grams
Metal type	Businesses dealing in gold, silver and platinum	Stock groups by metal, with stock categories across groups
With karigars	Manufacturers sending gold out for making	Job work out orders, with a Stock With Job Worker report
Location	Businesses with a showroom, a safe and branches	Godown-wise stock, with transfers between locations and a location summary report

Connected and AI-led

Connected and AI capabilities in TallyPrime

The manual work has been taken out, one job at a time

Data entry and reconciliation that used to be done by hand now happen inside TallyPrime — fast, accurate, and in seconds.

Capability	What it replaces	The new experience in TallyPrime
Connected GST	Portal visits and manual uploads	Uploading invoices, reconciling, and filing returns directly from inside TallyPrime
Connected banking	Statement downloads, line-by-line matching, and separate payments	Download and auto-reconcile against the bank feed, and pay directly from TallyPrime
Docs by Ira	Typing purchase invoices in by hand	Scan or upload the document and AI creates the entry for your review, automatically
Bharat Connect	Chasing invoices and payments over phone and email	Your vendor sends the invoice straight into TallyPrime, and you approve it to record the entry
e-Invoice and e-way bill	A second portal and a second login	Generated instantly from the invoice you have already raised
TallyPrime with WhatsApp	Printing, scanning, and posting	Share invoices, orders, and reminders straight from the transaction

Beyond accounting

Accounting is only one part of the business

The same product carries the rest of the business, so nothing has to be replaced as you grow.

Billing Counter bills with multiple payment modes, posted straight to the books. Inventory Stock by purity, weight and location, with movement and ageing reports. Credit and cashflow What customers owe and what you owe suppliers, bill by bill. Payroll Salaries for showroom and workshop staff, with statutory deductions. Multiple GST registrations Showrooms in different states, handled in one company. Reports and dashboards The state of the business on one screen, plus the detail behind every number. Users and security User roles and access controls as staff come on board.

You are not buying an accounting tool that will need replacing. Every module runs on the same data your first entry created.

Control and access

What it is like to keep jewellery accounts on TallyPrime

Your books stay in your hands, at the showroom or at home: on your own computer, backed up where you choose, and open on your phone when you need them.

Your data stays with you.
It sits on your computer, or on TallyPrime Cloud Access if you choose.
Back up where you choose.
Use a local drive, or TallyDrive cloud storage with an active TSS, and restore whenever you need to.
Hand your books over in one file.
Your CA or auditor gets a backup, not a stack of printouts.
Check the numbers from anywhere.
With an active TSS, reports open in a browser on your phone or tablet.
Work from anywhere with Cloud Access.
With a Cloud Access subscription, run TallyPrime through a browser, with no installation.
See who accessed what.
Remote and browser access is recorded in an event log.

Individually these are conveniences. Together they mean your books stay yours, however much gold is out with karigars.

Proof

Real businesses, real outcomes

Outcomes reported by businesses running TallyPrime.

30% Lower operational costs

50% Less time to process an invoice

Instant New ledger setup

50% Less GST filing time

Running 20Cr+ operation in TallyPrime

10,000+ inventory items managed seamlessly with 600–700 purchase invoices reconciled in minutes

GSTP Task & Associates Unlocks Client Inventory Insights in Minutes

From 3 days of pouring through books to 3 minutes of clicks on the computer for downloading client data

Fair Power Age Ltd Cut Invoice Processing Time by 50%

Read about how a distributor who deals with over 1000 invoices a month fast-tracked invoice processing time

See all case studies

FAQs

How should a jeweller value closing stock?

At the lower of cost and net realisable value, using FIFO or weighted average cost. LIFO isn’t permitted under AS 2, Ind AS 2 or ICDS-II. In TallyPrime, you set the costing method for each item.

What happens if gold sent to a karigar isn’t returned within a year?

It is treated as supplied by you to the karigar on the day it was sent, so GST becomes due on it. On sufficient cause, the Commissioner can extend the one-year period by up to one more year.

Do I need to report gold sent to karigars?

Yes. Principals report goods sent for job work, and received back, in Form ITC-04: half-yearly if aggregate turnover in the previous year exceeded ₹5 crore, and yearly otherwise.

Can I track gold lost during making?

Yes. TallyPrime’s Issue Variance Analysis and Receipt Variance Analysis reports compare what was issued and received against each job work order.

What GST applies to jewellery sales and karigar charges?

Jewellery sold to customers is taxed at 3% on the full value, including making charges. A registered karigar charges 5% on job charges only, and you can take credit for that GST against the GST on your sales.

Does a jewellery company need an audit trail?

Yes. From the financial year starting 1 April 2023, companies must use accounting software that records an audit trail of every change and can’t be switched off. TallyPrime Edit Log is the edition built for this requirement.

How long do I need to keep my books?

Under GST, for 72 months from the due date of the annual return for that year, or longer if an appeal or proceeding is pending.

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TallyPrime – The Best Accounting Software for Jewellery Businesses

Books that account for every gram: stock valued correctly, gold with karigars tracked, and returns built from the same entries.

What jewellery accounting involves every day

The six that decide whether your books hold up

Value closing stock the right way

Your gold, accounted for until it returns

Know how much gold was lost in making

Returns built from the same books

Every change to the books, on record

The books and the bank, matched

How do you track what you carry?

Connected and AI capabilities in TallyPrime

Accounting is only one part of the business

What it is like to keep jewellery accounts on TallyPrime

Real businesses, real outcomes

Running 20Cr+ operation in TallyPrime

GSTP Task & Associates Unlocks Client Inventory Insights in Minutes

Fair Power Age Ltd Cut Invoice Processing Time by 50%

FAQs

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