Articles
Articles on collections, GST, stock and the month-end close
The measures, the working habits, the law and where MatruOS fits, for owners, finance heads and plant heads.
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Every article Topics: Stock, Get paid, Finance and GST.
ArticleControlling batches and expiry in pharma and food distributionFor a pharma or food distributor, expired stock is written off against margin, and a batch that cannot be traced puts the licence at risk. Recording the batch and expiry at receipt, picking the earliest expiry first, watching what expires in the next 90 days and handling returns by batch keeps write-offs low and gives a recall the delivery records it needs.ArticleBringing down days sales outstanding across a dealer networkA manufacturer selling through hundreds of dealers carries much of its working capital in their accounts. Days sales outstanding comes down when credit is visible at the order, reminders follow a fixed rhythm, disputes are separated from the account and payments are matched the day they land, and when the business uses the financing levers available to it with their cost known.ArticleReconciling GSTR-2B every month to claim input tax credit in fullInput tax credit can be claimed only on invoices the supplier has reported, as shown in GSTR-2B. A monthly reconciliation that starts on the 14th, sorts every bill into matched, different or missing, and chases suppliers by credit at risk lets a business claim what it is owed by the GSTR-3B due date.ArticleTracking material at job workers and filing ITC-04 under GSTMaterial sent to a job worker stays the principal's under GST, but only within time limits: one year for inputs and three years for capital goods. A challan for every dispatch, a running balance per job worker and a watch on the due-back date keep the credit safe, and let ITC-04 be produced from the challans already recorded.ArticleClosing the books in three working days in a multi-plant manufacturerIn a manufacturer with several plants, the close is held up by information that arrives late: purchase bills still in email, transfers recorded at one plant and not the other, and stock and accruals worked out at month end. A three-day close rests on capturing each transaction once, when it happens, in one record that every plant and the head office share.
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