When a customer pays for a sale in full with his own cash, check, or credit card, this is considered to be a ‘cash sale’.
Any sale where you extend credit to a customer is considered a charge sale.
There are two types of charge sales that can be recorded with Jewelry Shopkeeper. The type of charge is decided upon by you and your customer.
1) With a Revolving Charge Account sale, the customer's minimum monthly payment will be based on a percentage of the balance remaining on all customer purchases. Interest is charged at a set rate and is reflected on the customer's monthly statement. The customer can take as long as needed to pay off the purchase.
2) With a Contract Payment sale, the customer will make fixed monthly payments. The Jewelry Shopkeeper can calculate the payment amount based on the purchase price, the store’s lending rates and the total number of months the customer has to pay off the purchase.
Although it is better to open charge accounts from Open/Edit Charge Accounts (see page ), you can open a charge account for a customer from the payment screen, after typing in the sales items. It is better to open a customer’s new charge account through Open/Edit Charge Accounts because more information on a customer’s account can be typed there.
Layaway and Repair sales are for customers who will not be paying in-full for an item or service immediately.
Special Orders are for sales of merchandise that the store must first order specially for a customer. Usually a deposit is made for these sales.
With cash, charge or layaway sales, first the customer and general sale information is entered, then the items sold are entered, then the payment information. When entry is complete, you will have the opportunity to print the sales receipt.