How it works

1.Arrival and gate entry

Before

Gate entry and lot numbers are written in a register at the yard.

With Finocket

Not built yet. Today you type the gate entry number on the bill.

Automated

Nothing automated at this stage yet.

2.Weighment

Before

The weighbridge slip is copied into the bahi.

With Finocket

Not built yet. Today you type gross and net weight on each bill line.

Automated

Nothing automated at this stage yet.

3.Auction and sale

Before

The winning bid goes on a katchi parchi.

With Finocket

Not built yet. Today the sale is entered directly as a sale bill.

Automated

Nothing automated at this stage yet.

4.Purchase (own-account trade)

Before

Purchases from farmers are written in the bahi.

With Finocket

Record a purchase bill per farmer. A farmer without a GSTIN can still be recorded.

Automated

• Purchase bills post to the farmer's ledger

• Farmers and buyers kept apart

5.Stock

Before

Stock in the godown is counted by eye at day end.

With Finocket

Stock is kept in kg, with variety and grade on each item.

Automated

• Sales draw stock down
• Low-stock alerts

• Variety, grade and moisture
• Stock counted in kg

6.Billing

Before

Hand-written bill book copies.

With Finocket

A GST sale bill on the wholesale layout, with lot, bags, weight and moisture on each line.

Automated

• Tax split worked out on each line
• PDF ready to share

• Sale bill on the wholesale layout
• Lot, bags and weight on each line

7.Dispatch

Before

Truck details on scraps of paper.

With Finocket

The e-way bill number, vehicle and transporter are recorded on the bill.

Automated

Nothing automated at this stage yet.

• E-way bill, vehicle and transporter

8.GST

Before

The CA rebuilds the returns from the bill books.

With Finocket

GSTR-1 and GSTR-3B are prepared from your bills.

Automated

• Returns build from recorded bills
• 2B reconciliation

9.Collections

Before

Phone calls from the khata.

With Finocket

An outstanding list and ledger for each buyer.

Automated

• Payment reminders

10.Farmer settlement

Before

Patti worked out on a calculator.

With Finocket

Not built yet. Today you record payments against the farmer's ledger.

Automated

Nothing automated at this stage yet.

• Farmers and buyers kept apart

11.Accounts and bank

Before

The rokad bahi and the bank passbook are tallied by hand.

With Finocket

Import the bank statement and match each line to a recorded payment.

Automated

• Bank statement import
• Saved bank rules

12.TDS

Before

The TDS deducted by large buyers is not tracked.

With Finocket

Record TDS both ways, with quarterly working papers.

Automated

Nothing automated at this stage yet.

13.Reporting and CA

Before

Year-end books in a bag.

With Finocket

Cashflow, outstanding and financial statements, with your CA working in the same books.

Automated

• Scheduled report emails

• Access for your munim and your CA