Make pawn loans, print pawn tickets, and take pickups, payments and extensions in the same program that runs your sales, inventory, repairs and books. Interest and fees are worked out for you, and every loan posts to your general ledger.
One system for the counter, the vault and the books.
Under two minutes, recorded in the program with a made-up customer: the loan, the pledged pieces, the pawn ticket, pickup and the reports.
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Everything under one menu: Banking › Pawn Shop Loans.
WJewel is complete jewelry store software, so the rest of your counter is already there.
Buying scrap gold gets the day's gold price for you: enter weight and karat, see what to offer, pay in cash, by check or as a trade-in.
The jewelry POS handles split payments, layaways, trade-ins, special orders and repairs.
Jewelry inventory by metal, karat and stone, plus built-in accounting, bank downloads and QuickBooks export.
Pawn shop software records each pawn loan: the customer and their ID, the pieces pledged, the amount, interest and fees, and the due date. It prints the pawn ticket, takes payments, pickups and extensions, flags loans that go into default, and reports on what you have out on loan. In WJewel it is part of the same program that runs your jewelry store, so pawn loans sit next to your sales, inventory, repairs and accounting.
Yes. Saving a loan prints the pawn ticket (loan agreement) with your store, the customer's name, address, ID number and state, date of birth and phone, every pledged piece, the days of the loan, the amount financed, the finance charge, the total of payments and the maturity date. Preview, print, save as PDF, email or export it, and reprint any loan's ticket later. Pickups, prepayments and extensions print their own tickets.
You set the defaults once: days of loan, interest rate, ticket fee, loan fee percentage with a maximum loan fee, and a late fine. Each new loan starts with them, and you can change any of them on the loan. At pickup, WJewel adds the interest, the loan fee and the ticket fee for each loan period since the loan date, plus any penalties, less what has been paid. You can give a discount on the fees and interest at pickup, and change the interest rate on an open loan.
Open Mark Pawn Loan as In Default, which lists your open loans with their balances and last payment date, and tick the ones in default. WJewel records the date each loan went into default, and the monthly report totals defaulted amounts by month. Each pledged piece already carries its own item number with its cost, wholesale and retail price.
Yes. Pawn Loan PrePayment takes part of the balance and prints a ticket showing what is still owed. Extend Pawn Loan takes at least the interest and fees due and starts a new loan for the rest, with a new due date. You can also post payments and penalties on their own, each with a receipt.
Yes. Choose the debit and credit accounts once in G/L Codes For PawnLoan (loan made, payment, interest and penalty), and every loan, payment, interest charge and penalty posts to WJewel's built-in general ledger by itself. A loan that has payments, or was picked up or extended, cannot be deleted.
Yes. WJewel is cloud-based and runs in any web browser, on PCs, Macs, iPads and other tablets, and iPhones and Android phones. The pawn screens are part of the same program.
Yes. Start a 30-day free trial, or book a live demo and we will walk through a pawn loan with your own terms.
Try WJewel pawn shop software with your own loan terms. Free demo, 30-day free trial, and unlimited training included.
Prefer to talk? Schedule a meeting or call (646) 578-8300.
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