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Finocket for Jewellers

How it works

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

  1. 1.Daily rate

    Before
    The rate is read from an association message and written on a board.
    With Finocket
    Today's rate per metal and purity is entered once and kept with its date.

    Automated

    • Every line uses the day's rate
    • An old rate is flagged before billing

  2. 2.Purchase and bullion

    Before
    Supplier bills are filed in a folder and entered later by the accountant.
    With Finocket
    Purchase bills are recorded against the supplier, and GST input is matched to GSTR-2B.

    Automated

    • Supplier payable posted
    • GSTR-2B match at month end

  3. 3.Stock and tagging

    Before
    Tags are written by hand, and stock is a list of pieces.
    With Finocket
    Each item carries metal, purity, weight and a barcode, and stock reduces as pieces sell.

    Automated

    • Stock drawn down on every sale

  4. 4.Karigar job work

    Before
    Metal issued and received is written in a notebook.
    With Finocket
    Job orders record metal out, piece in, wastage and settlement.

    Automated

    • Karigar settlement posts one journal entry

  5. 5.Sale at the counter

    Before
    Weight times rate on a calculator, plus making, plus wastage.
    With Finocket
    The line is priced from karat, net weight, making and wastage.

    Automated

    • Line priced automatically
    • Gross, net and stone weight on the line

  6. 6.Old gold exchange

    Before
    Valued on a slip and deducted by hand.
    With Finocket
    Valued at the day's rate and set against the new bill.

    Automated

    • Exchange posted as one balanced entry

  7. 7.Billing

    Before
    A printed bill with one total per piece.
    With Finocket
    The jewellery template prints purity, HUID, weight and the charge breakup.

    Automated

    • Making and hallmarking charge presets

  8. 8.Repairs

    Before
    Paper tickets in a box.
    With Finocket
    Repairs are logged, assigned and billed on delivery.

    Automated

    • Karigar's repair charge settled as one entry in your books

  9. 9.GST

    Before
    Totals re-keyed into another package for returns.
    With Finocket
    GSTR-1 and GSTR-3B are prepared from your bills; you file on the portal yourself or hand them to your CA.

    Automated

    • Returns prepared from bills
    • GSTR-2B reconciliation

  10. 10.Collections

    Before
    Pending amounts noted in a diary and chased by phone.
    With Finocket
    Outstanding bills are listed per customer, and payments are matched to the bank statement.

    Automated

    • Bank lines matched to payments

  11. 11.Customer follow-up

    Before
    Festive offers sent from a personal phone.
    With Finocket
    Messages go from your own WhatsApp number, checked against each customer's consent.

    Automated

    • Consent checked on every send

  12. 12.Accounts and reporting

    Before
    The CA gets a bag of bills at year end.
    With Finocket
    Double-entry books, cash position and reports are live, and your CA works in the same workspace.

    Automated

    • Reports from the same books
    • CA invited as a user