How it works

1.Purchase from manufacturer or C&F

Before

Purchase bills are entered by hand from the supplier's invoice, batch by batch.

With Finocket

Purchase entries record batch, expiry, MRP and quantity in boxes, and stock goes into the right godown.

Automated

• Stock increases by batch when the purchase is saved
• Input GST is ready for GSTR-3B

• Medicine master

2.Stock and godowns

Before

Stock is counted on registers per godown and batches are tracked on paper.

With Finocket

Stock is held by godown and batch, in boxes with a strip conversion.

Automated

• Stock moves out when an invoice is issued
• Transfers between godowns keep the batch

• Stock tracked in boxes

3.Orders from chemists

Before

Orders come by phone, WhatsApp or a salesman's notebook and are rewritten at the counter.

With Finocket

A sales order is created in the app, including offline, and turned into an invoice.

Automated

• Order lines carry the customer's price list rate

• Customer type and credit days

4.Billing the wholesale memo

Before

Memos are written or typed with licence numbers, batch and expiry copied from files and cartons.

With Finocket

The invoice carries batch, expiry, MRP, your licence number and the buyer's licence number.

Automated

• GST is calculated on each line
• The PDF is shared on WhatsApp

• Batch and expiry on every line
• Licence numbers on the memo

5.Dispatch

Before

E-way bills are made on the portal separately and transport details typed again.

With Finocket

E-way bill, vehicle and transporter sit on the invoice, with a freight charge preset.

Automated

• E-way bill and e-invoice generation from the invoice (2 credits each)

• Dispatch details

6.GST

Before

The accountant rebuilds GSTR-1 from exported billing data.

With Finocket

GSTR-1 and GSTR-3B are prepared from your invoices and purchases.

Automated

• HSN summary with the BOX unit
• Returns prepared without re-entry

7.Collections

Before

Printed outstanding lists and post-dated cheques kept in a drawer.

With Finocket

Dues by chemist with ageing, post-dated cheques recorded against bills, and reminders.

Automated

• Payment reminders
• A warning on the invoice when a buyer is over their credit limit

8.Returns from chemists

Before

Expired or broken stock comes back in a bag and is credited from memory.

With Finocket

A credit note against the original invoice records the returned batch.

Automated

• Stock and the chemist's balance update when the credit note is saved

9.Accounts

Before

Day book and ledgers are kept in a separate accounting package.

With Finocket

Double-entry books are written from every invoice, purchase and receipt.

Automated

• Ledgers update as you bill and collect
• Bank statement reconciliation

10.Reporting

Before

Sales by chemist or by manufacturer are put together in a spreadsheet.

With Finocket

Sales, stock and outstanding reports read from the same records.

Automated

• Reports update as transactions are saved