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Finocket for Textile Mills

How it works

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

  1. 1.Purchase of yarn, grey and chemicals

    Before
    Purchase orders by phone, bills entered at month end.
    With Finocket
    Purchase orders, goods receipts and supplier bills recorded as they arrive, with TDS where it applies.

    Automated

    • Supplier bill posts to the books and GST input
    • TDS calculated on the bill

  2. 2.Stock of yarn, grey and finished fabric

    Before
    Stock checked by counting rolls and reading the register.
    With Finocket
    Stock by item and godown, with yarn in kg and fabric in metres on the same item.

    Automated

    • Stock moves on each receipt, run and sale
    • Unit conversion from the item's second unit

  3. 3.Weaving and production

    Before
    Production planned on a whiteboard and costed on a calculator.
    With Finocket
    Work orders through routing steps and production runs that consume yarn and yield fabric, costed from the standard cost of the components.

    Automated

    • Raw material consumed and finished stock posted on each run
    • Standard cost per bill of materials, one stage at a time

  4. 4.Job work at a process house

    Before
    Challan book for goods out, a file of process-house bills.
    With Finocket
    Delivery challan with the job-work e-way bill sub-type, and the process-house bill booked as an expense with TDS. Stock lying with the process house and ITC-04 are not built.

    Automated

    • TDS on the job-work bill
    • Job-work bill posts to the books

  5. 5.Sale to traders

    Before
    Order taken by the agent, invoice written from the challan.
    With Finocket
    Wholesale GST invoice in metres with lot, shade and roll per line, agent recorded, and a credit-limit warning.

    Automated

    • GST computed per line
    • Credit-limit warning before saving

  6. 6.Dispatch

    Before
    E-way bill made separately on the portal and written on the bill by hand.
    With Finocket
    E-way bill no., vehicle and transporter recorded on the invoice; e-way bill JSON downloaded for the portal.

    Automated

    • Dispatch block printed on the invoice
    • Freight charge preset on the bill

  7. 7.GST returns

    Before
    Bills sent to the CA in a bag at month end.
    With Finocket
    GSTR-1, GSTR-3B and the 2B reconciliation prepared from the books; you file on the portal yourself.

    Automated

    • Returns prepared from posted invoices and bills
    • 2B mismatches listed

  8. 8.Collections from traders

    Before
    The owner phones traders and agents for payment.
    With Finocket
    Outstanding by trader, payment reminders and a portal link with the statement.

    Automated

    • Reminders on overdue invoices
    • Statement link for the trader

  9. 9.Accounts and bank

    Before
    Cash book and bank entries posted by the munim weeks later.
    With Finocket
    Double-entry books with bank feeds, and the CA invited into the workspace.

    Automated

    • Bank lines matched to invoices and bills
    • Tally export for the CA

  10. 10.Reporting

    Before
    Profit known only when the CA finalises the year.
    With Finocket
    Profit and loss, stock value and outstanding reports any day.

    Automated

    • Reports read from the same books