This is applicable only in India. Finsys Customers outside India, kindly ignore this information.
for the Latest Powerpoint and notes
See the previous Video dated March 2020 below.
Report 3 and 4
purpose. : for TCS Return
Details of TCS, additional report
Drill down and Click , option 5 : shows full detail with invoice number , and date etc
How to set the Master Files ?
Finsys, helping make your Business Better
Charges ?
Free , this Fast Readymade Solution is Free of Cost to all customers whose account is “Regular” in Finsys books.
Why did Govt do this ? . The International Think Tank of USA led OECD countries and G-20 Countries, of which India is an active member, found out that across the world the Job workers and anybody whose TDS is deducted is a higher percent of tax payer than that of seller of Goods. Sellers of Goods have no pressure to pay Advance Tax. So, the Governments Worldwide are planning this New Tool of TCS to get more revenue and reduce the Tax evasion possibilities.
The Governments have assured that if anybody’s Tax is higher than required, then it will be refunded to him/her as usual.
[ And no Doubts, now the Refunds do come automatically and online credited to your bank accounts , without any “extra” efforts. }
It is important to note that for calculating the threshold of Rs.10 Crore, the total turnover including gross receipts and sales is to be taken into consideration whereas for computing the threshold of Rs.50 Lakhs, only sale of goods is to be considered
Non Applicability of section 206C(1H) in the following cases:
1. If goods are exported from India to any country outside India.
2. If buyer is liable to deduct TDS under Income Tax Act.
3. If the goods sold are already covered under sub sections (1), (1C), (1F) and (1G)* of section 206C
*Inserted via Finance Act, 2020
You may also Contact the Technical team on on 9015220220 ( India Call Centre Number ) : Extension : 1 & 2
Can Production staff do production entry through Android Phone? They definitely can, with the help of latest feature of Finsys ERP.
This can be done with the help of following steps:
i. Go to Finsys Android App
ii. Login with your id and password
iii. Go to Production Module and then FG Production Entry
iv. Fill the required information, click “add production item” save it and exit.
v. Now select FG quality approval option under Production Module
vi. It will show us the pending entry vii. Here you can update the checked quantity and save it. viii. Print the barcode sticker.
see the Youtube Video for the details
Finsys at your service
Video link below
Finsys ERP Process for Managing Business of Manufacture of Packaging solutions , Printed Cartons & Security Packaging
System to utilize your Men, Machine, Material, Money, better and Better
Finsys Web based Interface
Finsys ERP has Auto Generated push reporting , to alert and update users on the screen of important working in the Organization
The Dashboards and Graphs auto Refresh to highlight and update users on the screen of important trends and activities in the Organization
Finsys ERP Sales Dashboards help in reviewing the data quickly and effectively
Now the Demo
of the Main Production Cycle
What Profitability reports will I get ?
Enquiry / Lead from Customer
for Mono Carton
Profitability Report
( Every job).
And ….
I want the Profit Customer Wise
Customer wise Value Addition report
Showing customer wise profit during a time band
Drill down to item level
What if ….
I want the Profit …. Item Wise
Item wise Value Addition report
Showing item wise profit during a time band
Drill down to customer wise.
Mono Carton Costing based on Standard Parameters
Mono Carton Costing ( model 2)
Options for Standard Working
Enquiry Registration + Action
Quotation to Customer + Monitoring
Sales order From Customer
Process Plan / Product Specs
Stage Mapping (Routing)
Job Card Creation and Monitoring
Machine Planning + Work ORders
Stage Wise Production ( As per Routing)
Sorting packing +Finalization
Dispatch Advice ( Packing List)
Sales Invoice (For Shipment)
Accounts ( Account Receivable )
Item Creation in Finsys
Customer Creation
Finsys Enquiry Booking Screen
So that no Enquiry/lead gets missed
Quotation linked to Enquiry
(Auto populated from the Enquiry )
Quotation Print for Sending to Customer
Sales order linked to quotation
(Auto populated from the Quotation )
Order approval step
for approved production process
Sales Order Scheduling for correct and timely delivery monitoring
Lead vs Quote vs order report
RM Name Auto creation for standard item naming , weight calculation
31 Day Schedule planner for timely production and delivery monitoring
5 Day planner for closely monitoring the pending order , stock in hand ,production and delivery date
Auto generated reports for dispatch monitoring
Process Plan /Bom / Item specification Master Crea ted, approval check point
Stage Mapping / Routing Process
for setting standard Process timing.
Machinery Masters
Machine specs , runing cost / hr , overhead , capacity details
Order Status Tracking System
to track , where the order is at any moment
Shop work load status
for how many hours , machine is busy
PPC menu for job Planning and Production orders
PPC can see the orders in hand and planning status
One click job card creation
based on material in hand as per process plan , ups , to calculate paper to be issued
Job card print for systematic work instruction to the shop floor by the PPC team
PPC window updated to indicate job card creation
Material planning step
(Week based production line up)
MRP Routine to compute the material required
Auto generation of Purchase request considering stock hand , Pending PR , PO , under QA and WIP
Auto Generated Purchase Request
for saving time and accuracy , thousands of item PR can be generated in 1 click
PR approval Step for accuracy
Approved Vendor list option for Speed and accuracy in PO making ,approval
PO Creation based on Sheet Qty , weight for ease at PPC and Vendor End
PO approval levels system
for delegation with controls
PO Approval process
with option to see rates , stock , comparisons
Gate entry system with check point against wrong / excess supply
Auto weight conversion option for faster working sheets>wt option
Gate bar code option for control
Material Receipt , auto filled from gate entry for faster speed and accuracy of stores person
MRR / GRN print out
Inspection Tag for Material traceability and identification
Automatic IFRS accounting entry
Inspection System for systematic checking of material before payment
Inspection report for unbiased analysis of material before use / payment
Auto created internal test certificate is generated for due quality check
Automatic
Accounts Entry at QA Stage
Stock monitoring window gets updated , to manage the stocks
Job Card indicates Stock qty available
Job order approval step is given to confirm the production process.
Order monitoring system
tracking gets updated automatically
Order monitoring system
tracking gets updated automatically
Job order monitoring system is also ready to monitor and report the production process
Shop work load system also gets updated with the reduced qty , indicating the work on various production areas
Production Planning and Machine work order creation is initated
Machine work order is created to instruct the operator the work pattern of the shift
Material issued against job card created to track the material usage
Alert against excess material issuance is created
Issued material shows on the job card automatically
Automatic Stores consumption entry
Job card also shows the linked image for better working by prodn team
Production Entry Starts now.
Paper consumed , Printed sheet created
Production costs per sheet get populated
sheet cost + mch cost + over heat + operator + helper cost
WIP stock gets updated
RM reduced , WIP produced
What SMEs need to do to minimise losses in Present Times
Protecting Indian Businesses
From Covid19 After-effects
Integrated Association of Micro Small and Medium Enterprises of India
Submission by – Sangeet Kr Gupta
Corona & Covid-19 is a Reality
Virgin Australia ~ Bankruptcy filed
Air Mauritius ~ Bankruptcy filed
Lockdown !
Directive from the Government
https://www.statista.com/statistics/263617/gross-domestic-product-gdp-growth-rate-in-india/https://www.statista.com/statistics/271322/inflation-rate-in-india/
Are you Ready ….?
That is the Preface…..
Lower Rate of Interests…..
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11478&Mode=0#enclosed
example
if Investment in PM = 10, others = 10, WC=10 = Total 30 Crores. and his Loan = 30 cr, 2 percent submension = 60 lakhs a year. That is a big savings, indeed
More interest Subvention = More Profit
Turnover of 50 Crores….Paying interest of 10% on 30 Crores….3 Crores….Profit of 1 cr….
Rises to 1.60 crores…
Big 60% increase in profit….Phayda……
Same company. Earlier definition
it was not a Micro / Small unit
So Benefit to lena hai….….Kya Karein ?
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