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Gold chains with price tags hanging on a jeweller’s display board

Goods out on approval, never out of sight.

This module issues pieces or stones on approval, also called memo or jangad, to retailers, brokers, salesmen, exhibitions or customers without billing them. It tracks what is out, with whom and for how long, then converts each item to a sale or a return. Unbilled goods are still your stock, and this keeps them counted.

In short

Issues pieces or stones on approval (memo, jangad) to retailers, brokers, salesmen, exhibitions or customers without billing them. Tracks what is out with whom and for how long, then converts each item to a sale or a return.

What it does

Inside the module.

01

Memo issue

Issue pieces or stones on approval without raising a bill.

02

Out with whom

See what is out with each retailer, broker, salesman or customer.

03

Days out

Know how long each item has been out.

04

Convert to sale

Items the party keeps are converted to a sale.

05

Return to stock

Items sent back are taken in as a return.

06

Exhibition stock

Goods taken to exhibitions are issued and tracked the same way.

FAQ

Questions, answered.

Can part of a memo be sold and the rest returned?

Yes. Each item on a memo is settled on its own: converted to a sale or taken back as a return.

Does it work for loose diamonds as well as jewellery?

Yes. It issues stones as well as pieces. In the Loose Diamond Software, memo goes to brokers and customers with due dates.

Why not just raise a bill and cancel it later?

Because approval goods are not sold. A bill that is cancelled later muddles your sales, your tax records and your stock. A memo keeps the goods in your stock, marked as lying outside, until the party decides.

Which Kreon products include approval and memo stock?

Diamond Jewellery ERP, Loose Diamond Software, Antique Jewellery ERP, Jewellery Showroom and POS Software. It can also be added to a custom system.

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