How to see Average buying and selling price party wise in Finsys ERP?

Web Finsys  Accounts Prime+ has such Reports which are very closely related to Finance and Costing.

We get purchase’s average price and average quantity vendor wise data from these reports.

We can also get the data of average price and quantity we sold at to the customer.

Web Finsys Accounts Prime+ is for such specific reports which also include 2 Reports – Average Buying price Report and Selling Report.

These Reports help you to make your Business decisions more effective as we can check which items is getting sold or purchased and at what price?

Listen the video below made by The Co-Founder of Finsys Mr. Puneet Gupta for more clarity and can stay in touch just by following and subscribing.

Are you Checking the Sales Order’s Data Accuracy in right way??

If you are checking it by seeing every Order then we can suggest you to do it by Finsys AI and make your working more efficient.

Finsys has a report in which you can check which Sale order’s price get decreased.

This also reduces the wrong data entry possible issues by showing the differences in the price in comparison of last time orders if any.

Keep track on this on weekly basis!!

Listen the video below made by The Co-Founder of Finsys Mr. Puneet Gupta for more clarity and you can stay in touch just by following and subscribing.

Best Feature of production

Following are the things which are important for the production-

1.

What is produced on which machine

2.

In which shift production has done

3.

under which supervisor production has done

4. 

How much rejection was done during production

5.

During production how much was the Down time

If we record all these simultaneously we can track our production performance, OEE Reports & machine down time.

By tracking machine down time we can increase efficiency of our plant as the cost is same but if we check the data regularly then we can minimize the machine down time, rejections and can check where the operator is not working efficiently.

We can  increase Plant utilization by keeping check on all this.

Listen the video below made by The Co-Founder of Finsys Mr. Puneet Gupta for more clarity and can stay in touch just by following and subscribing.

WIP Stock

WIP Stock is the items which are issued from warehouse to production and the material is in the form of raw material or semi finished good only till now.

Why it is important to check WIP Stock ?

For better understanding let suppose

Sale -10 Crore/p.m

Raw Material Stock -6 Crore

If we keep watch on our WIP Stock we can use this raw material at it’s fullest but if we are not keeping that on track the possibility of Rejection increases in which that material lets suppose we have purchased for Rs.100/kg goes in scrap for Rs.10/20/25 per kg

If we keep check on WIP Stock and instruct the store also to check WIP Stock before issuing raw material then we can create our many stock advantages.

For more clarity you can watch the short video with the link below made by The Co-founder of Finsys Mr. Puneet Kumar Gupta and can get more such informative videos by following and subscribing the channel.

Batch Traceability Report

Now-a-Days every Industry needs Batch Traceability

You should know how a Simple Feature like Batch Traceability can help you to make your working more effective and efficient.

1.

Right Batch no. should be mentioned while creating Material Required Receipt(MRR) so that we can know the raw material is procured from which vendor during the production.

2.

If the items get rejected, or if there’s any customer or vendor complaint we can check on which date the production is done and can track from which vendor the material is procured.

3.

By using Batch Traceability feature in Finsys by entering any Semi- Finished or Finished good’ s Batch no. you can track when goods were produced, on which machine the goods were produced, which operator produced that particular good, raw material used for the production of that good is procured from which vendor and who had done the inspection of that material.

                  Make your working more efficient by using this simple yet important feature !!       

You can see the video below for more understanding made by the Co-Founder of Finsys – Mr. Puneet Kumar Gupta and can follow and subscribe the page for more such informative content.