Export paperwork and wholesale books in the same ledger

The problems we fix first

1. Commercial invoices and packing lists are rebuilt in Word or Excel for every shipment

   Today: Copy last shipment's file, change the buyer, ports and packages, and hope nothing old is left behind.

   With Finocket: An export template that prints INCOTERM, IEC, ports, origin, packages and gross weight from the invoice itself.

   • Export and commercial invoice
   • Marks and numbers

2. Foreign-currency invoices are booked at a rate nobody recorded

   Today: Bill in USD in a spreadsheet and enter an INR figure in the books later at whatever rate is to hand.

   With Finocket: Invoice in USD or EUR with the INR rate recorded on the invoice.

3. Open foreign receivables are carried at old rates

   Today: Leave them at the invoice rate until the CA adjusts at year end.

   With Finocket: Period-end revaluation of open foreign-currency receivables with the difference posted.

How it works, end to end

1. Enquiry and proforma
2. Purchase
3. Stock
4. Domestic sale
5. Export billing
6. Customs and shipping
7. GST
8. Collections and realisation
9. Export incentives
10. Accounts
11. Reporting

Built for

• Merchant exporters shipping goods under LUT or on payment of IGST
• Manufacturer-exporters who also sell to domestic distributors
• Wholesale traders with party-wise price lists and credit terms
• The CA or accountant who closes an exporter's books and GST each month

What you get

• Export and commercial invoice

  An invoice layout with INCOTERM, IEC, ports of loading and discharge, country of origin, packages and gross weight.

• Shipping bill number and date

  Record the shipping bill number and date on each export invoice so your documents line up with customs.

• Bill of lading

  Keep the bill of lading or airway bill number with the invoice it belongs to.

• Container and vessel

  Container number and vessel or flight number on the invoice, for the buyer and your forwarder.

• Marks and numbers

  Marks and numbers on each invoice line, matching what is stencilled on the cartons.

• ITC-HS code

  An ITC-HS code field on every item so export documents use the same classification each time.

• FIRC or FIRA reference

  Type the FIRC or FIRA reference against the invoice when the buyer's payment arrives.

• Export incentive scheme

  Note whether a shipment went out under RoDTEP, duty drawback, both or neither.

• Godown operator role

  An offered role for the person who packs and dispatches, without access to your books.