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Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company’s own employees and staff.
MAKING BUSINESS BETTER.
Outsourcing is a one stop solution to the operational issues. Here are the 5 reasons why it is important for your business:
1. Helps you to increase your focus on your core services: It helps you to focus on your main goal by outsourcing you non core business activities such as accounting and ERP services.
2. Reducing and controlling operating costs: Cost reduction is one of the main motives of any company and most important reason why a company outsource. It gives you access to international quality at much lower price
3. Gaining access to the best talent: Through outsourcing you get the people with superior skills without the hiring process.
. Improved quality of service: A company’s service is what makes it stand apart in the market. And outsourcing gives you that improved quality of service. For example, who is better than a CA to do your GST compliances.
5. Technological advantages: In this era of everyday changing technology, you can expect from an outsourcing company to give you the best technologically advanced solutions.
And all these services are brought to you Finsys via our associates, MAKING BUSINESS BETTER.
This is applicable only in India. Finsys Customers outside India, kindly ignore this information.
Turnover Criterion
Was your Turnover in FY 2019-20 more than Rs 10 Crores p.a. ?
If yes, then
This legal change is important for you
As per Budget 2020 / Finance Act 2020,
Section 206C (1H), you must charge TCS on the Sale value of goods including GST.
This is applicable on Sale invoices to those customers,
to whom you sell goods worth more than Rs 50 lakhs a year.
Rate of TCS
with PAN
TCS Rate will be 0.075% if PAN is available,
without PAN
TCS Rate will be 0.75%, if customer does not give a PAN
Effective Date ?
Currently : 1st October 2020
Corona effect ? : Date might be postponed further. But chances are remote, since already 6 additional months given to all to get ready
Finsys Preparation
We are READY,
for the Latest Powerpoint and notes
Revised Updated Features … See the Powerpoint dated 24-9-2020 click here
See the previous Video dated March 2020 below.
The TCS journey Begins
New Button Created : TCS Support Data
Report 1 : Which Customers are covered ?
Those whom you sold goods worth over 50 lakhs in 1 year. One Customer with 4 plants, will be counted as 1, since this is PAN based totalling
Report 2 ::Customers with TCS Rates
example 1 % or 0.1%. ( or this year 2020-21 : 0.075% or 0.75% )
Report 3 and 4
Summary of TCS,
purpose. : for TCS Return
Details of TCS, additional report
Report 5
Invoices wise TCS Details… for transaction level details
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.
Purpose ?
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. }
Other points
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
Thank you.
Contact Finsys Team,
Escalation in case of Grievance-Delivery side , Mr Virender Singh, Phone # 9310008914
Delivery is assured “Free of Cost”, to all customers whose AMC is fully paid up, In case of Queries on our Ledger matching with your Accounts Dept. You may call Mr Bhim Sen Modi, Phone # 9555333195.
You may also Contact the Technical team on on 9015220220 ( India Call Centre Number ) : Extension : 1 & 2
Revolutionizing the Shop Floor: How to Use Android Phones for Production & QC Entries – Mobile App for Production Entry ERP
In traditional factories, production data is usually written in manual registers and entered into a computer the next day. This delay leads to inaccurate stock levels and “hidden” production losses.
Finsys ERP is changing the rules by allowing your production supervisors and QC teams to work directly on Android phones. If your staff can use WhatsApp or watch YouTube, they can now manage your factory’s production data in real-time.
The Problem: The “Paper-to-PC” Lag
Inaccurate Stock: Sales teams don’t know the exact “Finished Goods” stock until the data is entered manually at the end of the shift.
Typo Risks: Manual registers are often messy, leading to errors during computer entry.
Delayed Quality Reports: QC rejections are often found too late, leading to wasted material.
The Finsys Solution: Real-Time Mobile Production
The video demonstrates how simple it is to bring your shop floor into the digital age:
1. Simplified Production (FG) Entry
Supervisors can select the Machine, Item Code, and Department directly on their phones. They enter the quantity produced every hour or every shift. As soon as they hit “Save,” the Stock Ledger is updated instantly across the entire company.
2. Integrated Online QC
The Quality team can approve or reject batches on their mobile devices. They can even generate and print Barcode Labels directly from the phone to a thermal printer. This ensures every box/bin leaving the production area is already tagged and verified. Mobile App for Production Entry ERP
3. No Computer Knowledge Required
The interface is designed for the modern worker. It’s as easy as using a social media app. This removes the “fear of technology” from your shop-floor staff and makes the system truly system-dependent.
Benefits for MSME Manufacturers
Feature
Business Impact
Instant Stock Visibility
Your sales team can see the FG stock live and commit to customers accurately.
Device Traceability
The system logs which mobile device and which user made the entry, ensuring 100% accountability.
Thermal Barcode Printing
Generate QR/Barcodes at the source, making your dispatch process 10x faster.
Low Infrastructure Cost
No need for expensive PCs or cabling on the shop floor; just a basic Android phone and Wi-Fi.
Watch the Demo: Mobile Production & QC
Witness how Finsys ERP turns a simple smartphone into a powerful production management tool.
End-to-End Excellence: Managing Mono Carton & Duplex Box Production with Finsys ERP – ERP for Mono Carton Manufacturing
In the highly competitive Packaging and Printing industry, success depends on precision—precision in costing, precision in planning, and precision in production. Whether you are manufacturing Mono Cartons for pharma or Duplex Boxes for FMCG, managing the complex stages of printing, lamination, die-cutting, and folding requires a robust digital backbone.
Finsys ERP provides a specialized ecosystem designed specifically for the Packaging sector. In this 27-minute deep dive, we walk through the entire “Order-to-Cash” cycle, showing how Finsys automates every touchpoint of your factory.
The Full Production Lifecycle Covered
The masterclass breaks down the packaging process into transparent, manageable modules:
1. Inquiry, Quotation, and Sales Order
Everything starts with an inquiry. Finsys allows you to link quotations directly to inquiries and convert them into Sales Orders with a single click. The system tracks price revisions and customer-specific requirements from day one.
2. Automated Job Card & BOM Generation
Once an order is confirmed, the system generates a Technical Job Card. This document contains the art-work, machine specifications, sheet sizes, and the Bill of Materials (BOM) for paper, ink, and coatings.
3. Machine Planning & Load Balancing
Avoid bottlenecks by viewing the “Live Load” on your printing and die-cutting machines. Finsys calculates the estimated time for each job based on machine speed and change-over times, helping you give realistic delivery dates to your clients.
4. Stage-wise Costing (Printing to Gluing)
This is the heart of the system. Finsys tracks costs at every stage:
Printing: Ink consumption and plate costs.
Lamination/Varnishing: Chemical and film usage.
Die-Cutting: Stripping wastage and tool life.
Folding & Gluing: Adhesive consumption and final packing.
Strategic Benefits for Packaging Leaders
Feature
Business Impact
Profitability Analysis
View profit margins by Customer, by Item, or by specific Job Order.
Real-Time WIP Tracking
Know exactly where your job is—is it at the printer or the die-cutter?
Wastage Monitoring
Track “Planned vs. Actual” wastage at every production stage to save material.
Integrated Quality Control
Link QC approvals to the dispatch process to ensure zero customer rejections.
Watch the Full Masterclass: Mono Carton ERP Manual
Level up your packaging business with the most detailed ERP guide available for the industry.
Report 3 and 4
