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Finocket for Pharmacies

How it works

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

  1. 1.Purchase from distributors

    Before
    Bills arrive with the delivery and go into a file.
    With Finocket
    Each distributor bill is recorded as a purchase against the distributor.

    Automated

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

  2. 2.Stock by batch and expiry

    Before
    Strips on shelves, expiry checked by eye.
    With Finocket
    Stock is kept by batch and expiry and drawn down as you sell.

    Automated

    • Earliest-expiring batch attached to the line automatically
    • Low-stock alerts

  3. 3.Item master

    Before
    A price list in a register.
    With Finocket
    Each medicine carries MRP, salt name, manufacturer, composition, dosage form, pack size and schedule.

    Automated

    • Strip as the default unit

  4. 4.Counter sale

    Before
    Handwritten or desktop bill, cash in a drawer.
    With Finocket
    A till bill with cash sessions and a Z-report at closing.

    Automated

    • Day closed with a Z-report

  5. 5.Schedule H, H1 and X

    Before
    A bound register written after the sale.
    With Finocket
    The register records prescriber and pharmacist details, and gaps are flagged.

    Automated

    • Warning on a missing entry

  6. 6.Billing

    Before
    Batch and expiry often missing.
    With Finocket
    The pharmacy template prints batch, expiry, MRP and the drug licence number.

    Automated

    • Licence number on every bill

  7. 7.GST

    Before
    Sales and purchases re-keyed 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

  8. 8.Collections and payments

    Before
    Credit customers in a diary; distributors paid by cheque.
    With Finocket
    Outstanding amounts are listed, and payments are matched to the bank statement.

    Automated

    • Bank lines matched to payments

  9. 9.Customer follow-up

    Before
    Calls from a personal phone.
    With Finocket
    A message sent from Finocket is checked against consent before it sends, and goes from your own WhatsApp number once you connect it. Refill reminders are not built yet.

    Automated

    • Consent checked on every message sent from Finocket

  10. 10.Accounts and reporting

    Before
    Year-end books built from a bag of bills.
    With Finocket
    Double-entry books, stock value and reports are live, and your CA works in the same workspace.

    Automated

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