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Finocket for Food & Pharma Manufacturers

How it works

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

  1. 1.Purchase of raw and packing material

    Before
    Bills in a file, stock in a register.
    With Finocket
    Purchases recorded against items marked raw or packing material, updating stock.

    Automated

    • Stock updated when a purchase is recorded

  2. 2.Stores and godowns

    Before
    One register per store, counted by hand.
    With Finocket
    Stock by godown with transfers between them.

    Automated

    • Stock moves with each transfer

  3. 3.Formula and costing

    Before
    Excel sheet updated rarely.
    With Finocket
    Formula held as a bill of materials with cost per unit.

    Automated

    • Cost rolled up from the formula

  4. 4.Production planning

    Before
    Owner's memory of what is running.
    With Finocket
    Work orders and a capacity view by work centre.

    Automated

    Nothing automated at this stage yet.

  5. 5.Production run

    Before
    Production register on paper.
    With Finocket
    Run routed through stages with labour cost per step, booking finished goods at rolled-up cost. No batch is created from the run yet, and QC release is not built.

    Automated

    • Finished goods booked at rolled-up cost

  6. 6.Job work with packers and converters

    Before
    Handwritten challans.
    With Finocket
    Delivery challan with job-work purpose; an ITC-04 CSV is prepared only where the manufacturing v3 setting is switched on (off by default).

    Automated

    Nothing automated at this stage yet.

  7. 7.Sale, billing and dispatch

    Before
    Batch copied by hand onto invoices.
    With Finocket
    Distributor invoice with batch or lot per line and e-way bill details.

    Automated

    • Freight charge preset on the invoice

  8. 8.Exports

    Before
    Invoice typed in Word.
    With Finocket
    Export invoice under LUT in foreign currency.

    Automated

    Nothing automated at this stage yet.

  9. 9.GST

    Before
    HSN table rebuilt in Excel.
    With Finocket
    HSN-wise summary and GSTR-1 / GSTR-3B preparation from the same entries.

    Automated

    • HSN summary built from invoices

  10. 10.Collections

    Before
    Calls to distributors from a diary.
    With Finocket
    Outstanding invoices by distributor, bank entries matched against them.

    Automated

    • Bank statement matching

  11. 11.Accounts

    Before
    Tally entries made after the fact.
    With Finocket
    Double-entry books from the same invoices, purchases and stock.

    Automated

    Nothing automated at this stage yet.

  12. 12.Reporting

    Before
    Excel for the bank or partners.
    With Finocket
    Profit and loss, stock and GST reports, with the CA in the workspace.

    Automated

    Nothing automated at this stage yet.