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Finocket for CA Firms

How it works

Every stage of the business, before and after, and what runs by itself.

  1. 1.Client onboarding

    Before
    Engagement details, file numbers and letter dates live in a register book or a spreadsheet.
    With Finocket
    Each client sits on the firm's roster with its engagements, file number and engagement letter date. Bulk imports bring each client's books across.

    Automated

    • Bulk client imports from one onboarding screen

  2. 2.Purchase

    Before
    The firm's own expenses are collected as paper bills for the year-end.
    With Finocket
    The firm records its own expenses and vendor bills in its workspace as they happen.

    Automated

    Nothing automated at this stage yet.

  3. 3.Stock

    Before
    A practice holds no stock.
    With Finocket
    Not applicable: a practice holds no stock, so the inventory module stays off.

    Automated

    Nothing automated at this stage yet.

  4. 4.Sale

    Before
    Work is agreed by phone or letter with no single record of what was engaged.
    With Finocket
    Engagements are recorded on the client's roster entry from one shared list of assignment types.

    Automated

    Nothing automated at this stage yet.

  5. 5.Billing

    Before
    Fee invoices typed at the end of each assignment.
    With Finocket
    Fee invoices with each line tagged by assignment, and a UDIN typed where one applies. Retainers raise themselves on schedule.

    Automated

    • Recurring retainers
    • Time entries to invoice lines

  6. 6.GST (the firm's own and its clients')

    Before
    2B matched in Excel and returns prepared client by client.
    With Finocket
    Purchase reconciliation against GSTR-2B, a bulk GSTR-1 and GSTR-3B preparation pack, and a notice register. Filing stays on the GST portal.

    Automated

    • Bulk GSTR-1 and GSTR-3B preparation pack

  7. 7.TDS

    Before
    Challans and deductions compared by hand each quarter.
    With Finocket
    Deposited challans compared with deductions, and return data exported as CSV. Return preparation is partly there.

    Automated

    Nothing automated at this stage yet.

  8. 8.Collections

    Before
    The firm calls clients for unpaid fees; clients' receivables are chased by phone.
    With Finocket
    Reminders on the firm's own invoices, and a reviewed bulk reminder batch for clients' customers.

    Automated

    • Bulk receivable reminders with consent re-checked per recipient

  9. 9.Accounts

    Before
    Clients' books arrive as backups; the firm's own books are kept separately.
    With Finocket
    Read-only access to each client's live books, and the firm's own books in its workspace. Bank statements import and match.

    Automated

    • Bank statement import and matching

  10. 10.Reporting

    Before
    Portfolio status assembled by asking each client.
    With Finocket
    A cockpit ranked by attention across clients, and reports in each client's workspace.

    Automated

    • Cross-client compliance calendar with .ics export

  11. 11.Certificates and signatures

    Before
    UDINs and DSC expiry dates noted in a diary.
    With Finocket
    The UDIN is typed on the fee line and the DSC expiry date on the roster entry. Both are records you keep; nothing generates, checks or reminds on them yet.

    Automated

    Nothing automated at this stage yet.