How it works

1.Primary purchase from principals

Before

Principal invoices are entered by hand when the truck arrives.

With Finocket

Purchases are entered with principal, brand and MRP, and stock goes into the godown.

Automated

• Stock increases when the purchase is saved
• Input GST is ready for GSTR-3B

• Principal and brand on each SKU

2.Stock and godown

Before

Stock is counted on registers, in cases and pieces worked out by hand.

With Finocket

Stock is held by godown in cases and pieces.

Automated

• Stock moves out when an invoice is issued
• Transfers between godowns

• MRP on the item

3.Beat and order taking

Before

Notebook orders from each shop on the beat.

With Finocket

Sales orders in the app, offline if needed, against retailers tagged with beat and visit days.

Automated

• Order lines carry the retailer's price list rate

• Beat and visit days

4.Billing

Before

Bills written or typed in the evening from the day's orders.

With Finocket

Orders become GST invoices with the FSSAI number and dispatch details.

Automated

• GST is calculated on each line
• The PDF is shared on WhatsApp

• FSSAI number on the bill

5.Loading and dispatch

Before

Loading slips are written by hand and e-way bills are made on the portal.

With Finocket

E-way bill, vehicle and transporter are on the invoice, with a freight charge preset.

Automated

• E-way bill and e-invoice generation from the invoice (2 credits each)

• Dispatch details

6.GST

Before

The accountant rebuilds GSTR-1 from exports.

With Finocket

GSTR-1 and GSTR-3B are prepared from your invoices and purchases.

Automated

• Returns prepared without re-entry

7.Collections from retailers

Before

Ledger cards per shop and cash collected on the beat.

With Finocket

Dues by retailer with ageing, receipts in cash, UPI or cheque recorded against bills.

Automated

• Payment reminders
• A warning on the invoice when a retailer is over their credit limit

• Credit days and credit limit

8.Returns and damages

Before

Damaged goods come back on the van and are credited later from a slip.

With Finocket

A credit note against the original invoice records the return.

Automated

• Stock and the retailer's balance update when the credit note is issued

9.Accounts

Before

Books kept in a separate accounting package.

With Finocket

Double-entry books are written from every invoice, purchase and receipt.

Automated

• Ledgers update as you bill and collect
• Bank statement reconciliation

10.Reporting

Before

Principal-wise and outlet-wise sales put together in spreadsheets.

With Finocket

Sales, stock and outstanding reports from the same records, filterable by principal and outlet type.

Automated

• Reports update as transactions are saved

• Outlet type on every retailer
• Principal and brand on each SKU