Silver Business Accounting & Discount Management in Tally: A Complete Guide by Binarysoft Technologies

Published on: 20-11-2025 Call CA Tally HelpDesk +91 9205471661, 8368262875

The silver trading and manufacturing sector operates in a highly dynamic environment where prices fluctuate daily, making accurate accounting essential. Whether dealing in bullion, coins, ornaments, industrial-grade silver, or customized articles, businesses must maintain precise stock records, correct valuation, and compliant GST reporting.
This is where Tally becomes the most dependable solution for the silver market.

In this guide, we explain how Tally simplifies silver business accounting, discount tracking, rate updates, and inventory management, along with how Binarysoft Technologies helps silver traders automate their operations.

Why Tally Is the Best Fit for Silver & Bullion Businesses

Tally supports the unique needs of the silver industry with:

• Weight-based inventory (grams, kg, bar, pieces)
• Purity-wise categorization (999, 999.9, 995, 925 sterling, 90%, etc.)
• Multiple discount structures
• Customizable rate inputs
• GST-ready invoicing
• Manufacturing & melting loss tracking
• Real-time reporting and MIS

These features make Tally especially useful for wholesale bullion traders, retailers, refiners, and ornament manufacturers.

1. Daily Silver Rate Management in Tally

Silver prices change constantly across markets such as Ahmedabad, Delhi, Mumbai, Kolkata, and global markets.
Tally allows you to:

• Manually update rates daily
• Maintain rate slabs for different purities
• Record purchase & sales based on current market value
• Apply rate changes automatically during billing

With Binarysoft Technologies' Silver Rate Automation Module, you can:

• Get real-time silver rate updates
• Sync rates across multiple branches
• Apply location-based pricing

This ensures that every sale reflects the correct and latest rate.

2. Discount Management for Silver Products

Discounts are an integral part of silver trading—especially for:

• Bulk buyers
• Dealers
• Jewellery manufacturers
• Regular customers
• Festival/seasonal offers

Tally supports all discount types:

✔ Invoice-Level Discounts

A flat percentage or amount on the entire bill.

✔ Item-Level Discounts

Different discounts for bars, coins, and ornaments.

✔ Customer-Specific Discounts

Automatic pricing when the customer ledger is selected.

✔ Quantity-Based Discounts

Discount increases when a customer buys more weight.

These automatic discount rules ensure high accuracy and faster billing during peak trading hours.

3. Tracking Making Charges & Labour for Silver Ornaments

Silver jewellery requires detailed calculation of:

• Wastage %
• Melting loss
• Labour per gram
• Labour per piece
• Value additions

Tally allows:

• Configurable making charges
• Separate labour ledgers
• Multi-UOM support (gms → pcs)
• Auto-calculation based on weight

Binarysoft Technologies also provides custom invoice formats specially designed for silver ornament shops.

4. GST Compliance for Silver Traders in Tally

Silver transactions involve two different GST scenarios:

• 3% GST on silver value
• 5% GST on making charges (for ornaments)

Tally handles:

• Proper tax split between gold value and making charges
• HSN code-based entries
• Reverse charge applicability (if buying from unregistered suppliers)
• Automated GSTR-1, GSTR-2B, GSTR-3B preparation
• E-invoice and e-way bill generation

This saves time and reduces filing errors.

5. Advanced Inventory Management for Silver

Tally supports weight-based inventory required by:

• Bullion traders
• Coin manufacturers
• Silverware stores
• Wholesalers
• Industrial silver suppliers

You can maintain:

• Stock purity levels (999, 995, 925, 900, etc.)
• Product categories (bars, coins, ornaments, articles)
• Batch numbers & serial codes
• Weight-wise stock
• Converter feature (bars → coins → ornaments)
• Melting/wastage reports

Binarysoft Technologies also provides barcode and weight scale integration for faster stock management.

6. Tally Reports That Help Silver Businesses Grow

Tally’s MIS reports give a complete picture of profitability:

✔ Stock Summary (Purity-Wise)

Shows stock available at 999, 995, 925 purity.

✔ Price List Reports

Print or view rate sheets for customers.

✔ Sales & Purchase Register

Helps track daily silver movement.

✔ Customer Ledger Summary

Shows outstanding balances and credit limits.

✔ Ageing Analysis

Monitors old stock, slow-moving items & debtor performance.

How Binarysoft Technologies Helps Silver Traders

Binarysoft Technologies provides specialized Tally solutions tailored for silver, bullion, and jewellery businesses:

⭐ Silver Rate Auto-Updation System

Fetch live rates from preferred markets.

⭐ Customized Silver Invoices

Purity-wise, weight-wise, labour, wastage auto calculation.

⭐ Discount Automation Modules

Based on customer category, weight, purity, or season.

⭐ Barcode & Digital Scale Integration

Accurate billing and inventory management.

⭐ Branch Synchronization & Cloud Tally

Perfect for multi-branch bullion networks.

⭐ GST Filing Assistance & Automation Tools

Avoid errors in tax computation and filing.

⭐ Advanced Silver Business Dashboards

Daily sales, rate trends, stock worth, and profitability data.

With Binarysoft Technologies, silver businesses experience automation, reliability, and faster operations.

Conclusion

The silver business demands accuracy, speed, and smart management. From changing market rates to inventory tracking, discount management, and GST compliance—Tally simplifies every step of the process.
With the advanced automation and custom modules offered by Binarysoft Technologies, silver traders and manufacturers can unlock:

• Greater efficiency
• Better customer service
• Improved profitability
• Error-free accounting

Whether you are a wholesale bullion dealer, retailer, refiner, or ornament manufacturer—Tally + Binarysoft Technologies is the perfect combination to manage and scale your silver business.

Powered by Binarysoft Technologies
Authorized Tally Partner
Location : 1626/33, 1st Floor, Naiwalan, Karol Bagh, New Delhi – 110005, INDIA
Contact us : +91 7428779101, 9205471661
Email us :  tally@binarysoft.com (10:00 AM – 6:00 PM, Mon–Fri)