New Year Creation + Update Posting in Accounts and Inventory

Web Finsys ERP : New Year Creation, Opening Balance Update in Finsys ERP, for FY 2023-24.

Simple Few seconds process
Part 1 : How to create a new year
Part 2 : How to update Accounts Balances ( both ledger and Bill wise)
Part 3 : How to update the Item Balances

Learn the tips, yourself
https://youtu.be/WdCdlfI2VFs

Finsys ERP Software selected by Stainless Steel Components Manufacturer at Ghaziabad

Leaders Choose Leaders in the ERP Software Technology for Steel Components.

Another Leading Manufacturer of Stainless Steel Products, Coils to Sheets to Components, to Equipments made of SS.

THEY ARE LEADERS IN SS/MS/GI/AL PROCESS & FABRICATION TECHNOLOGY

The manufacturing facilities created at their Ghaziabad Plant have the modern machine shop well equipped with CNC Fibre Laser Cutting (Bystronic DNE, Switzerland), CNC Bending Machine (Amada), Circle Cutting Machine (HERTZ Control), Slitting Machine (Divine Group), Rolling Machine, MIG Welding Machines, TIG Welding Machine . They also have modern CAD/CAM design center and research and development on new products.

They are also a Railway Equipment Manufacturer. One of the Best facilities, at Ghaziabad. They loved our ERP Software since many companies in similar industry were already using Finsys ERP Software.

Based out in Ghaziabad (Uttar Pradesh, India), we have established an ultra-modern infrastructural set up that is furnished with advanced machinery and tools. Business Units are categorized  into several sub-units such as manufacturing, quality control, procurement, sales & marketing, production, etc.

Electrical Panels, Battery Box, Railway Kitchen RMU Chasis, and SS Slabs, Railway SS Soap Box, Railway Stainless Steel Bio Tank, all are made better, if the Process is controlled, monitored and facilitated on the Finsys ERP Software.

Contact us

Think Different, Think Ahead, Think Better, Yes, Finsys Helps 

ERP Software | ABOUT Finsys ERP

Benefits of Using Purchase Return invoice, for sending out the Rejections

instead of Delivery Challan + Debit Note.

Method 1 :

–Make a Delivery Challan

–Ask for vendors’ Credit Note

Method 2 :

–Make a Purchase Return Invoice

–And charge him Value + taxes

• There is no section on “Purchase return” in the law.

• There is no notification / Circular on “Purchase returns”

example : if Sale : 1 lakh,  ( inwards material ), and Purchase return invoice : Rs 5000 ( basic value ).. better make a Purchase Return invoice

Benefits no 1

–My books are correct, Vendor account is debited immediately.

–No risk of excess payment to Vendor

Benefit no 2

–E way bill  /

–Document for the “road” movement

–no Risk on the Road

Benefit 3 :

• Vendor Reconciliation is easy

• No risk of goods sent, –But Debit Note not made.

• No risk of goods sent, –Debit Note not sent by courier. Lost on the way.

• Reco problems,  No risk of vendor denying, I don’t know, I don’t remember.

Benefit 4

• GSTR 1 , I am not dependent on the vendor.

• I debit him straight away. I charge him the basic and the tax on that. In GSTR-1, I show this as my outward supply.

• He accepts in GSTR-2.

• Cycle is complete

• So, easy since GSTR2 is automatically made

• Government gets the GST,

• and no need to reconcile the Delivery Challans and Debit Notes / reversals.

• Simplification during the GST audit after some years

Details in the PPT as under

a Purchase Return to Vendor – Purchase return invoice

Technical Support Centre : Contact us

Job Worker Reconciliation, RGP , 57F4 reconcile :

How Vendor Portal helps

Job Work Cycle

Using Finsys ERP

Process Flow

• Bill of Material should be there for the End parts
• Job Worker is doing Assembly for us
• So We use different- different challans to send the material to him.
• Job worker assembles them and sends them to us.
• We need to see , which challan are pending with him

Let us consider the following items.

We create the items for the correct bill of material : shown below are child items

We add the Packing material items
( or, whatever is required )

Let us see the following BOM

We send him the material produced / purchased by us. In diff diff challans

CHALLAN 1 PRINT

CHALLAN 2 TO JOB WORKER

CHALLAN 2 PRINT

The job worker has to fill the form on your portal before sending material

Finsys Vendor Portal shall open as per correct login

Vendor will login, the Date, time, S no comes automatically
Select the FG produced, and enter the Qnty produced

Now , before the supply , the vendor will select the challan he is clearing in the supply , he is sending as per BOM

Vendor will select our challan number cleared in this shipment from him

In case he fills up incorrect qty the transaction will not be saved for accuracy.

When the correct qty as per BOM is filled , the entry can be saved.

Production entry print from system

Report showing challan wise , batch wise material
Sent , cleared and pending  by job worker

For the next challan , the balance material is showing

The job worker shall knock of the 2nd challan also for sending his FG supply to us.

Production entry slip generated

After the second challan , we can see the cleared challan and the pending challan in the report

Cleared challan list can be seen

Pending challan list can be seen

https://www.finsys.in/hotel_vibe_gst_conference_ppt

Automatic Report showing challan wise , batch wise material sent, cleared and pending for each job worker. Helping in Job Worker Management

.

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New ERP Order

Congratulations,ERP Software company, FINSYS has been  Awarded ORDER for complete ERP Software by another STORAGE RACKS MANUFACTURER .  This company is in PUNE, Maharashtra

This new customer of Finsys is a mid size company. They have significant in-house production facilities with a sound back-up to reduce production lead time and to meet the competitive pricing among the competitors. Their technical design engineers and sales officers are always at customer’s disposal to suggest proper layout and estimates your requirement in an economical way.

They have served various industries, for last many years in Govt., Semi-govt. and private sectors, spread over the country. The Company has been recognized for taking such projects on turnkey basis from planning to erection stages of Slotted Angle, Steel Racks, Palletise Racking, Modular Mezzanine Floors, Two/Three Tier Racks, Cable Trays, Raceways, Office Equipments and all type of industrial Fabrication.

Their Products are fabricated out of the best grade steel as per specification. In addition,the team of professionals at customers placeaim to provide over customers the best of the products and the highest level of services.

In Conclusion ,Finsys is proud to be their partner in technology.

Come, let us make our Manufacturing sector, better and better

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Reasons for Selecting Finsys ERP were, in the words of the Mr R K Pandey, Director, of the company were

The Functional Fit for their Organization.
Industry Experience. of Finsys team … 31 years 1992 to 2023
Price. … the right fit for company of their size
ERP Vendor Viability…. satisfactory
ERP Implementation Project Considerations., satisifted
The Technology. … browser based, latest works on Mac, windows, phones anything
Risk (and how to avoid it) mitigation systems at work at Finsys
Scalability. for future

https://en.wikipedia.org/wiki/Pallet_racking

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