Accountant for gold and precious-metal businesses
Gold and precious-metal businesses need accounts that reflect the material, ownership and payments behind each transaction. Bocon in Antwerp discusses your actual trading and processing activity, with attention to the documents that support it.
Gold transactions can have different purposes
Finished jewellery, material for processing and other gold products should not be grouped together without explanation. The purpose, parties and available documents matter. Bocon starts with your products and working methods. The word 'gold' alone does not determine VAT treatment or a tax benefit.
Connect weights, quality and purchase documents
When quantities are recorded by weight, identify what was weighed and how it relates to the purchase document. Differences between received material and processed goods also need explanation. Retain purchase agreements, weighing or processing records and payment evidence.
Stock and processing settlements
Material sent to a processor may return in another form or be resolved through a settlement. Record what was delivered, the charges incurred and the outcome. A bank receipt alone does not explain a change in quantity or value. Identifiable intermediate steps make the accounting discussion more precise.
Keep payments traceable
Use clear references connecting each payment with its purchase or sale, and retain corrections with the original transaction. Identification, permitted payment methods and other sector obligations require an assessment of the actual activity. No exemption or additional service is promised without review and agreement.
Accounts that fit the day-to-day business
Bring a representative purchase and sale with the material and payment records. Explain whether you hold goods for others or arrange processing. Bocon's office is at Rubenslei 6a in Antwerp; service-area pages do not indicate additional branches.
Documents to prepare
- Purchase agreements and invoices
- Weights and processing records
- Owned and third-party stock
- Settlements and payment references
Questions for your first meeting
Can I determine VAT treatment from the description 'gold'?
No. The actual product, transaction, parties and supporting documents must be considered.
Why retain a processor's settlement as well as the payment?
The settlement may explain material movements, charges and the outcome that a bank transaction alone does not show.
Talk to Bocon
Bocon works from Rubenslei 6a, 2018 Antwerp. Business owners from Antwerp and the province can explain their question by phone or email and visit by appointment. We agree the support and document-submission process suited to your business.
Arrange an introductory meeting · +32 3 227 55 22 · boekhouding@bocon.be