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Finocket for Manufacturers

How it works

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

  1. 1.Enquiry and quotation

    Before
    Drawing on WhatsApp, cost on a calculator, quote typed in Word.
    With Finocket
    Cost read from the part's bill of materials and the quotation raised from it.

    Automated

    • Standard cost rolled up from the bill of materials

  2. 2.Purchase of raw material

    Before
    Purchase orders on paper, bills filed in a box.
    With Finocket
    Purchases recorded with the item's material role, and stock updated on receipt.

    Automated

    • Stock updated when a purchase is recorded

  3. 3.Stores and godowns

    Before
    Separate registers per godown, counted by hand.
    With Finocket
    Stock by godown with transfers between them.

    Automated

    • Stock moves with each transfer

  4. 4.Production planning

    Before
    Supervisor's notebook and a whiteboard.
    With Finocket
    Work orders planned per part with routing through work centres; a load view by work centre.

    Automated

    • Routing steps created from the part's routing

  5. 5.Shop floor and WIP

    Before
    Half-finished parts counted at month end.
    With Finocket
    Each step booked on the work order, with WIP tracked until it closes into finished stock.

    Automated

    • WIP ledger nets to zero on close
    • Finished goods booked at rolled-up cost

  6. 6.Job work out and in

    Before
    Handwritten challans, matched by memory.
    With Finocket
    Delivery challan with purpose, nature of work and original challan number; stock moved to the job worker's location. Custody register and ITC-04 rows are built, but off by default.

    Automated

    Nothing automated at this stage yet.

  7. 7.Sale, billing and dispatch

    Before
    Invoice in one place, e-way bill details on a slip.
    With Finocket
    Tax invoice with batch or lot per line and e-way bill, vehicle and transporter on the document.

    Automated

    • Freight charge preset on the invoice

  8. 8.GST

    Before
    CA re-enters sales and purchases every month.
    With Finocket
    GSTR-1 and GSTR-3B prepared from the same entries; you file on the portal yourself.

    Automated

    • Returns built from recorded invoices and purchases

  9. 9.TDS on job-work and purchases

    Before
    Remembered at the quarter end.
    With Finocket
    TDS recorded on the job-worker's bill as it is booked.

    Automated

    Nothing automated at this stage yet.

  10. 10.Collections

    Before
    Calls and a diary of who owes what.
    With Finocket
    Outstanding invoices by customer, with 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 movements, with cost centres per plant on Business.

    Automated

    Nothing automated at this stage yet.

  12. 12.Reporting

    Before
    Excel built for the bank or the partner meeting.
    With Finocket
    Profit and loss, stock and GST reports from the books, shared with the CA in the workspace.

    Automated

    Nothing automated at this stage yet.