Skip to main content
FinocketFinocket
Get Started
Finocket for IT Services

Finocket for IT Services

Invoice overseas clients, milestones and AMCs without a spreadsheet beside your books.

Finocket raises export invoices in your client's currency under LUT, bills fixed-price work in tranches that cannot exceed the contract, and turns tracked hours into invoice lines.

Start freeSee what is included

The problems we fix first

  1. Export invoices built by hand

    Today: A dollar invoice is typed in a document, the INR rate looked up separately and the LUT line pasted in

    With Finocket: Export invoices in the client's currency with the INR rate, with the LUT declaration and LUT number printed

  2. The LUT lapses unnoticed

    Today: Someone remembers to renew it each April, or does not

    With Finocket: A reminder before the annual LUT lapses

  3. Milestones over-billed or forgotten

    Today: A spreadsheet tracks what percentage of each SOW has been invoiced

    With Finocket: Milestone tranches by percent or amount against a parent total that cannot be exceeded, with the SOW reference and milestone name on the invoice

All challenges

How it works, end to end

  1. Sale: pipeline and SOW
  2. Purchase and vendor costs
  3. Stock and resold licences
  4. Delivery and time
  5. Billing
  6. Export of services
  7. GST
  8. Collections
  9. Accounts and TDS
  10. Revenue recognition and reporting
  11. Partners and integrations
See every stage

Built for

  • Software development studios with 2 to 50 people
  • IT consultancies and support/AMC providers
  • SaaS resellers and implementation partners
  • Firms billing overseas clients as an export of services

What you get

  • Export invoices in the client's currency

    Bill in USD, EUR, GBP and other currencies with the INR rate on the invoice.

  • Export invoice under LUT

    Mark an export as supplied under LUT; the declaration and your LUT number print, and you get a reminder before the LUT lapses.

  • Time to invoice

    Developers track time against client and project; unbilled billable hours become invoice lines at the right rate card, with the resource role on each line.

  • Milestone billing that cannot over-bill

    Bill a fixed-price SOW in tranches by percentage or amount, with the SOW reference and milestone name on the invoice.

  • Retainers, AMC and subscriptions

    Monthly retainers and support contracts are drafted on a recurring rule for you to review and send, with the period covered on each line.

  • Deferred revenue for annual contracts

    Spread a prepaid annual support or subscription contract into monthly revenue.

  • Resold licences with their terms

    Record the principal vendor and licence term on each SaaS licence you resell.

  • Client TDS section on record

    Note which section each client deducts under; the rate stays in the TDS table, not in a field someone typed.

  • API, webhooks and partner commissions

    Script invoicing through the API, push payment events to your tools, and pay referral commission to the partners who send work.

All modules

Related trades

Start free

The Finocket for IT Services page on Finocket