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Finocket for Jewellers

Challenges

The manual work this trade still runs on, what it costs, and what changes.

  1. Pricing every piece by hand from the morning's rate

    How it is done today
    The rate is chalked on a board or sent on WhatsApp, and the salesperson multiplies weight by rate on a calculator, then adds making and wastage.
    Cost or risk
    A wrong multiplication or an old rate goes straight onto the bill, and the shop gives away margin on gold.
    With Finocket
    Enter the rate once a day. Each line is priced from metal, purity, net weight, making and wastage, and an old rate is flagged before you bill.

  2. Making and wastage hidden inside one figure

    How it is done today
    The bill shows one total per piece, and the breakup is explained verbally at the counter.
    Cost or risk
    Customers dispute the price, and the CA cannot tell the metal value from the making charge.
    With Finocket
    Making and wastage show as separate amounts, and making and hallmarking come in as charge presets you can edit.

  3. HUID written in a register, not on the bill

    How it is done today
    The six-character HUID is copied from the tag into a notebook or typed into the bill description.
    Cost or risk
    A customer or inspector asks for the HUID of a sold piece, and someone searches the register by hand.
    With Finocket
    Purity and HUID have their own columns on each bill line and print on the jewellery template. Tying a HUID to a piece in stock is not built yet.

  4. Old gold exchange worked out on paper

    How it is done today
    The old piece is weighed, tested, valued on a slip, and the amount is deducted from the new bill by hand.
    Cost or risk
    The exchange is missing from the books, so cash and stock never reconcile at month end.
    With Finocket
    Record the old gold's weight and purity, value it at the day's rate and set it against the new bill. One balanced entry is posted.

  5. Metal with karigars tracked in a kachha notebook

    How it is done today
    Metal issued to each karigar is written in a notebook, and wastage is argued over when the piece comes back.
    Cost or risk
    Nobody knows how much fine gold is out with karigars, and losses show up only at stock-taking.
    With Finocket
    Issue metal on a job order, receive the piece by weight, record wastage under your setting and settle the karigar as a vendor.

  6. Repairs tracked on paper tickets

    How it is done today
    A torn half of a paper slip is handed to the customer, and the other half goes in a box.
    Cost or risk
    Pieces are delayed or misplaced, and repair charges are missed on delivery.
    With Finocket
    Log each repair, assign it to a karigar, track it to delivery and bill the work.

  7. A jewellery package on one computer and Tally on another

    How it is done today
    Bills are made in a desktop jewellery package, and the accountant re-enters totals into Tally every month.
    Cost or risk
    Figures are typed twice, GST returns are late, and the two systems never agree.
    With Finocket
    Bills post to double-entry books in the same place, GST returns are prepared from them, and Tally vouchers can be brought across for review.

  8. Stock counted by pieces, not by weight and purity

    How it is done today
    Stock is a list of tags, and gold weight by purity is totalled by hand at year end.
    Cost or risk
    Closing stock in the books is an estimate, and a missing piece goes unnoticed for months.
    With Finocket
    Items carry metal, purity and weight, and stock is tracked as you sell. A fine-gram metal ledger is not built yet.
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