WJewel Pawn Shop Software: Pawn Loans, Tickets and Pickups

2 minutes · WJewel jewelry software

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The video version of our pawn shop software page: a pawn loan from start to finish, recorded in the program itself with a made-up customer. To see it with your own loan terms, book a live demo.

What the video covers

Default loan period, interest rate, ticket fee and loan fee, set once
A new pawn loan: customer, amount, due date, interest and fees worked out as you type
Pledged pieces with their own item numbers, metal, karat, stones, serial number and engraving
The printed pawn ticket with the customer's ID, the items, the finance charge and the maturity date
Pickup, partial payments and extensions
Loan statements, marking loans in default, and the monthly pawn report

Chapters

0:00 Making a pawn loan
0:46 Pickups, payments and reports
1:13 Contact us

Transcript

Read the full transcript

Making a pawn loan

WJewel runs pawn loans in the same program as your jewelry store. Everything is under Banking, Pawn Shop Loans: new loans, payments, pickups, extensions, defaults and reports. Set your loan period, interest rate, ticket fee and loan fee once, and every new loan starts with them. Pick the customer and type the amount. The due date, interest and fees are worked out as you type. Each pledged piece gets its own item number, with its metal, karat, stones, serial number and engraving. Click OK and print the pawn ticket, with the customer's ID, the items, the finance charge and the maturity date.

Pickups, payments and reports

At pickup, it adds up the interest and fees owed and takes the payment. Partial payments and extensions work the same way. Each loan has a statement of its payments and interest, and every entry posts to your general ledger. Mark past-due loans as in default from one list of open loans. And the monthly report totals what you loaned, the fees and the interest.

Contact us

See WJewel pawn shop software at wjewel.com. WJewel is cloud-based, and runs in any web browser on PCs, Macs, tablets and phones. To learn more, visit www.wjewel.com, or call us at (646) 578-8300.