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Finocket for Online Sellers

How it works

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

  1. 1.Purchase

    Before
    Supplier bills filed in email and paid from memory.
    With Finocket
    Supplier bills recorded against the vendor with GST input tracked.

    Automated

    • Input GST carried into the return working

  2. 2.Stock

    Before
    Separate sheets for the own warehouse and each marketplace warehouse.
    With Finocket
    One item list with stock by location and transfers between locations.

    Automated

    • Stock reduces when a sale is invoiced

  3. 3.Listing

    Before
    Listing particulars typed into every seller panel.
    With Finocket
    Particulars kept on the item; Shopify and WooCommerce stores can receive products. Amazon, Flipkart and Meesho listings stay in their panels.

    Automated

    • Product publish to Shopify or WooCommerce

  4. 4.Sale

    Before
    Orders read in each marketplace panel.
    With Finocket
    Orders brought in by connector or CSV into one marketplace orders report.

    Automated

    • Order import by connector or CSV

  5. 5.Fulfilment

    Before
    Courier booked on the aggregator's site and tracking pasted into a sheet.
    With Finocket
    Shipments, pick lists and returns received recorded in the workspace, with parcel weight on the item.

    Automated

    Nothing automated at this stage yet.

  6. 6.Billing

    Before
    Invoices retyped from order reports.
    With Finocket
    Ticked orders converted to GST invoices.

    Automated

    • Order-to-invoice conversion
    • Tax head from place of supply

  7. 7.Returns

    Before
    Returns netted off at year end, if at all.
    With Finocket
    Returns netted from revenue by channel in a report. Cancellations, returns and RTOs are not yet told apart.

    Automated

    Nothing automated at this stage yet.

  8. 8.GST

    Before
    Returns prepared from marketplace tax reports and TCS accepted unchecked.
    With Finocket
    GSTR-1 and 3B prepared from your invoices, and your sales compared with each operator's settlements. GSTR-8 TCS is not checked and Table 14 is not built.

    Automated

    • Settlement reconciliation per operator
    • Return preparation

  9. 9.Collections

    Before
    Payouts checked by eye against bank credits.
    With Finocket
    Settlements brought in and shown as gross, commission, shipping, TCS and net per channel.

    Automated

    • Settlement import by connector or CSV

  10. 10.Accounts

    Before
    Books kept by the CA from sheets the seller sends.
    With Finocket
    Double-entry books in the same workspace, with the CA invited in.

    Automated

    • Ledger postings from invoices and bills

  11. 11.Reporting

    Before
    Monthly totals built by hand per channel.
    With Finocket
    Per-channel payout and profit and loss reports. Profit per SKU is not built.

    Automated

    Nothing automated at this stage yet.