Finocket for IT Services
Invoice overseas clients, milestones and AMCs without a spreadsheet beside your books.
Finocket raises export invoices in your client's currency under LUT, bills fixed-price work in tranches that cannot exceed the contract, and turns tracked hours into invoice lines.
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Export invoices, milestones and retainers in one set of books for software and IT services firms.
- Software development studios with 2 to 50 people
- IT consultancies and support/AMC providers
- SaaS resellers and implementation partners
- Firms billing overseas clients as an export of services
Modules for IT services
Export invoices in the client's currency
Bill in USD, EUR, GBP and other currencies with the INR rate on the invoice.
Export invoice under LUT
Mark an export as supplied under LUT; the declaration and your LUT number print, and you get a reminder before the LUT lapses.
Time to invoice
Developers track time against client and project; unbilled billable hours become invoice lines at the right rate card, with the resource role on each line.
Milestone billing that cannot over-bill
Bill a fixed-price SOW in tranches by percentage or amount, with the SOW reference and milestone name on the invoice.
Retainers, AMC and subscriptions
Monthly retainers and support contracts are drafted on a recurring rule for you to review and send, with the period covered on each line.
Deferred revenue for annual contracts
Spread a prepaid annual support or subscription contract into monthly revenue.
Resold licences with their terms
Record the principal vendor and licence term on each SaaS licence you resell.
Client TDS section on record
Note which section each client deducts under; the rate stays in the TDS table, not in a field someone typed.
API, webhooks and partner commissions
Script invoicing through the API, push payment events to your tools, and pay referral commission to the partners who send work.
What works today
- Export invoices in 16 currencies with the INR rate
- Export invoices under LUT with the declaration printed, and an LUT renewal reminder
- Timer and time-to-invoice at rate cards
- Milestone tranches that cannot exceed the contract total
- Recurring retainer, AMC and subscription invoices
- Deferred revenue schedules
- Client portal for estimates, statements and payment
- Public API, webhooks and referral partner commissions (Business)
What is not built yet
- HR, payroll, PF/ESI and salary TDS: these are handled by ashr.work, not Finocket
- Timesheet submit-and-approve before billing
- Matching FIRA/FIRC remittances to invoices with realised FX gain or loss
- Per-invoice EDF (ex-SOFTEX) filing and e-BRC records
- Watching export receivables against the realisation deadline
- A per-project profit and loss screen
- A self-invoice document for reverse charge on foreign SaaS bills
- Ticketing, helpdesk and resource-utilisation planning
- Making your firm DPDP or CERT-In compliant: those obligations stay with your firm
We list the gaps on purpose. All industries