Questions about Finocket for IT Services
- Can I invoice clients abroad in their currency?
Yes. Raise an export invoice in the client's currency with the INR rate and your LUT number printed. Whether it is zero-rated is for you and your CA.
- Does Finocket match my FIRA or FIRC to the invoice?
Not yet. The matching engine exists but is not on a screen, so today you record the receipt against the invoice yourself.
- Can I bill a fixed-price project in milestones?
Yes. Tranches by percentage or amount are billed against a parent total and cannot exceed it.
- Does it approve timesheets?
No. Time entries can be marked billable and turned into invoice lines, but there is no submit-and-approve step yet.
- Does it handle EDF or SOFTEX filings?
No. Finocket keeps the export invoice; the export declaration and e-BRC are not tracked per invoice.