ZahabFlow

Counting a gold shop by weight: the daily count and day close

How to count a gold shop every day by weight, not by pieces: check the scale each morning, weigh each fineness separately, compare grams and cash with what is expected, and record every difference with a reason — with a worked example.

·7 min read

Closing a gold shop is not just counting the cash drawer. At the end of the day the owner needs to know two things: is the gold that should be here actually here, by weight, and does the cash match what was sold and bought. The first matters more, because gold rarely leaves a shop in one large theft. It leaves a gram at a time.

Why by weight and not by piece count

Counting pieces finds a missing piece. It does not find a piece swapped for a lighter one, a chain with two links cut out, or scrap bought at one weight that reached the safe at another. A scale finds all of these, because it measures what actually matters: grams.

Step one: the scale itself, every morning

Before weighing anything: put the scale on a level surface away from the air conditioning, zero it, then place the reference weight. If it does not read that weight exactly, everything you weigh today is in doubt. Record the reading; a scale that has drifted 0.05 g creates a daily difference nobody can explain.

Step two: every movement recorded when it happens

An end-of-day count only works if every movement during the day was recorded: every sale, every trade-in, every piece of scrap bought, every piece that went to the workshop or came back, every transfer between branches. The "expected" figure is simply the morning balance plus what came in minus what went out. Any movement not recorded will show up as a difference in the evening.

Step three: weigh each fineness separately

Do not weigh all the stock together. Gather the trays for each fineness — 21K on its own, 18K on its own, 24K on its own — and weigh each group, because a gram missing from 18K is not made up by a gram too many in 21K. Their values differ, and mixing them hides the problem instead of revealing it.

Step four: compare, and record the difference with its reason

Example: the end of a day in a shop, with pure gold at — for illustration — 5,000 per gram:

FinenessExpectedWeighedDifference
21K (875)1,245.320 g1,245.300 g−0.020 g
18K (750)612.400 g610.150 g−2.250 g
24K (999)300.000 g300.000 g0.000 g

The 21K difference is twenty milligrams on more than a kilo: within the scale’s precision and tray dust. It is recorded, not chased. The 18K difference is two and a quarter grams — and that is not dust.

LineCalculationResult
Pure gold missing2.250 × 750 ÷ 10001.6875 g
Its value1.6875 × 5,0008,437.50

Before assuming the worst, look for the ordinary reasons: a piece sold and not recorded, sent to the workshop without paperwork, put in another fineness’s tray, or a ring still on a customer’s finger while they decide. If no reason turns up, record the difference as it is, with a note and the name of whoever counted, and never adjust the balance silently. A silent adjustment hides today’s gap and leaves the next one without a trail.

Step five: the cash

Expected cash = morning float + cash sales − cash paid out for scrap and expenses. Count the drawer and compare. In a gold shop, watch scrap purchases especially: a lot of cash goes out against gold coming in, and a mistake in one shows up in the other.

Daily, weekly, monthly

  • Daily: weigh each fineness separately, count the cash, record the differences.
  • Weekly: match pieces by tag or barcode against the list, to find a piece in the wrong place.
  • Monthly: review the accumulated differences per fineness and per person, and the workshop loss per craftsman.

The day close in ZahabFlow

The close screen in ZahabFlow shows, for each fineness, the grams that should be there according to the recorded movements, and the cash expected in the drawer. You enter what you weighed and counted, the difference appears at once for each fineness, and it is saved with your note on the shift record. No balance is adjusted silently: the difference stays written against the name of whoever closed the shift.

Questions we are asked

How big a weight difference is normal?

Whatever is within your scale’s precision and tray dust — a few milligrams to a few tens of milligrams on a large stock. Anything beyond that deserves a search, and anything that repeats in one fineness or one shift deserves a question.

Do I count by gross weight or by pure gold?

You weigh gross weight, because that is what the scale reads, and compare it with what is expected for each fineness. Converting to pure gold is useful for knowing what a difference is worth.

What do I do with a difference I cannot explain?

Record it as it is, with a note and the name of whoever counted. Do not adjust the balance silently; the written record is what reveals a pattern if it repeats.

Is customers’ gold in the workshop part of the count?

It is counted, but separately from the shop’s stock, because it is held in trust for customers and is not the shop’s property.

Read next

How the price of a gold piece is worked outWeight, fineness, the live rate, making and tax — worked through step by step.VAT on the making charge in EgyptTax falls on a making charge the state publishes, not the one you charged.Karat, fineness and milyem: 21, 875 and 999A conversion table, and why software must store the number, not the name.Counting a gold shop in grams, not in piecesA piece count tells you nothing. Stock is pure metal, per fineness.Zakat on gold: how it is calculated, step by stepNisab, the lunar year and 2.5%, and converting 21K and 18K to pure gold, with a worked example.The difference between 24K, 22K, 21K and 18K goldPurity, hardness, use and the gram price of each karat, with a table and a worked example.How to open a gold shop: paperwork, cost and softwareThe usual paperwork, where the capital goes, and what a shop needs to run from day one.
Chat on WhatsApp