Stage 4 of 5 · CollectComing soon
Collections, from the shop to the bank. Every rupee owed, every cheque, every hand it passes through.
Money owed to a distributor is spread across hundreds of shops, a bag of post-dated cheques and the pockets of a dozen salesmen. Linchpin follows each rupee from the invoice to the bank, so you always know what is owed, what is in hand and who has it.
Coming soonThis part of Linchpin is being built. It runs on the same numbers as purchase and stock, so nothing is typed twice when it arrives. This page shows how it will work.
What one cheque becomes
Sita Kirana Pasal pays Hari for invoice 148 with a cheque dated a week ahead, the day the bill falls due.
- Due
- Invoice 148 · NPR 2,302Due 2083/07/05, on 7 days’ credit
- Collected
- Cheque, by Hari at the shopHeld by him until he hands it over
- Handed over
- To the office, the same eveningAt his day close, counted against what he collected
- Banked
- Deposited 2083/07/05 · CLEAREDOnly then is invoice 148 paid
- If it bounces
- The bill opens againMoney is always set against the oldest bill first
What it will do
Dues by age
0–30 · 31–60 · 60+What each shop owes, bill by bill and how old, with credit limits that stop a new order when a shop is past its limit.
Promises to pay
Will pay FridayWhen a shop asks for time, the salesman records the promise, and it comes back to him on the day it falls due.
Cheques, received to cleared
PDC · 2083/07/05Post-dated cheques wait for their date, go to the bank and clear or bounce, and a bounced cheque re-opens the bill it paid.
Who holds the money
Hari → office → bankCash and cheques are carried by a person until handed over. Every handover is counted, so a short bag is found that evening.
Bank, wallet and QR
Fonepay · transferPayments that go straight into your account are confirmed once they arrive, without anyone carrying money.
Paying your vendors
Himal Foods · 5,232What you owe each vendor and when, beside their bank details and payment QR codes.