PawnMaster Blog

Q: What is the purpose of the “Firearms Discrepancy” report?

A: Tracking firearms movement in and out of the shop is very important, so PawnMaster records the acquisition and disposition of every gun in two separate databases. The first being the PawnMaster main database and the other is a separate database called the electronic gun log.

How to create a bulk item in PawnMaster

One of the most frequent questions I get when doing training on inventory management is, “What’s the difference between a “Bulk item” and “New item?”

Make More Money Using Your PawnMaster Data: Customer Snapshot

PawnMaster has a tool that helps pawnbrokers get the most from their customer data called the Customer Snapshot, that little box on the right of the New Pawn screen that is displayed after selecting a customer. It lists the number of active loans, number of redeemed and defaulted loans, as well as the number of buys, redemption ratio, return ratio and total sales in dollars. This is important information. This is a quick-glance record of how your customers are treating you.

Make More Money Using Your PawnMaster Data: Inventory Turns

In my next post, you'll read about the Seven Habits of a Successful Pawnbroker. One of those habits is the effective use of the PawnMaster data. The first item I want to drill down on is running the Aged Inventory Report. This should be done at least quarterly, if not monthly. To view, this report, go to Reports and select the Inventory category. Select report #1, “Items in Inventory” and click print. On the first filter select “Aged Inventory”, on the second filter choose all items or select an item type to display. Generally, on the next filter, it is preferred not to include “Bulk Items”. Now enter your start and end days, such as 365 and 730, to display items in the shop more than one year but less than two.

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