Plastics and packaging
Accounting software for the packaging industry
A moulding unit's margin hides in three places: the polymer rate, the power bill and the buyer who pays late. Keep all three in one ledger that writes itself as you work.
In short
SimpleERP is accounting software for plastics and packaging makers in India. Buyer invoices, polymer distributor bills, power and mould costs, payroll and depreciation post their own journals to one ledger, ready for a trial balance and P&L on any date.
Illustration of a journal entry where debits and credits differ by ₹1,000, refused, and a posting into a locked month, refused with the lock date.
An accounting day at Sabarmati Polymers
The power bill at Sabarmati Polymers is the second biggest cost after polymer, because the blow moulding and injection moulding machines run two shifts. The owner also pays a tool room in Odhav for every new mould, and some of those moulds are paid for by the buyer whose container they make.
The part-time accountant closes the books once a month. She needs the polymer distributor's balance, the oil packers' dues, the GST input on granules and the mould register to agree, and she needs that without retyping the dispatch book.
Which ledger accounts carry a moulding unit's month?
The chart of accounts is seeded at sign-up. These are the accounts the accountant at Sabarmati Polymers reviews, and the check she runs on each before locking the month.
- Moulds are fixed assets with depreciation, not an expense in the month they arrive.
- The power bill is a supplier bill to an expense account, so the cost sits in the right month.
- GST input on polymer bills lands in its own account per tax.
| Account | What posts there | Month-end check |
|---|---|---|
| Accounts receivable | Packer and dealer invoices, receipts | Ageing past 45 days, call list |
| Inventory | Polymer bills, work orders, invoices | Bag count agrees with stock value |
| Accounts payable | Polymer distributor, tool room, power company | Distributor's statement matches |
| Power and fuel | Electricity bill for the month | Bill entered for the month it covers |
| Plant and machinery, moulds | Machines and moulds bought | Depreciation run posted |
| CGST, SGST and IGST input and output | Every bill and invoice | Purchase register matched to GSTR-2B |
Can a manual entry throw the books out?
No. The journal editor shows the difference between debits and credits and will not post until it is zero, and the database refuses an unbalanced entry from anywhere. Stock accounts are left to stock documents, so the inventory figure and the ledger never drift apart.
- Manual journals only for what no document covers, such as a machine loan EMI split into interest and principal.
- Reversals with a new entry, never a deletion.
- Every change carries who made it and when.
Illustration of a journal entry where debits and credits differ by ₹1,000, refused, and a posting into a locked month, refused with the lock date.
How does the month close?
Reconcile the bank by ticking the lines that cleared, check the trial balance, then set the lock date. A correction to a closed month's bill goes into the open month as a credit or debit note.
- Profit and loss with gross profit, so a month of high polymer prices shows in the margin.
- Balance sheet that agrees with the P&L to the paisa.
- Every report prints on A4 or exports to CSV for your CA.
One system
What it connects to
Billing, purchase, manufacturing, payroll and the asset register all write to the same ledger the reports read.
Plastics and packaging
BOMs for moulded items and cartons, work orders per run, and GST invoices to regular buyers.
See howGST billing for packaging makers
Invoices for jerry cans, containers and closures to oil, ghee and chemical packers, with HSN 3923 lines and IGST to buyers outside Gujarat.
See howInventory for plastic manufacturers
HDPE and PP granules and masterbatch in kg, regrind as its own item, and cans, containers and closures in pieces per godown.
See howPayroll for plastic factories
Monthly pay for machine operators on day and night shifts, with PF, PT, ESI where it applies and travel advances recovered.
See howManufacturing for plastic moulders
BOMs for jerry cans, containers and closures from granules, masterbatch and regrind, and work orders that cost each run.
See howAccounting
A double-entry ledger with journals, bank registers, statements and a lock date.
See how
Honest limits
What SimpleERP does not do yet
- No bank feeds: bank entries are recorded and reconciled by hand
- No multi-currency; every document is in rupees
- GST return filing and e-invoicing are not done inside the product
- No machine-hour or power cost split per product; power is one expense, and a share can go into the labour and power line of each BOM
Getting started
Start with accounting
Sign up with your phone
Name, phone number and a password. No card for the seven-day trial, and email is optional.
Tell us about the business
Type your GSTIN and the state fills itself. Accounts, GST rates, units, roles and numbering are seeded for you.
Enter opening balances
Enter each buyer's outstanding, what you owe the polymer distributor and the tool room, the bank balance, and your machines and moulds in the asset register.
Run the trial balance
Every posted document is already in the ledger; the trial balance and P&L are ready on any date.
FAQ
Questions, answered
A buyer paid half the cost of a new mould. How do I record it?
Bill the buyer's share as a mould development charge on an invoice. Record the tool room's full bill for the mould and add the mould to the asset register at the cost your CA advises. The buyer's share then shows as income and the mould depreciates on its own.
Can I see whether the oil packers or the namkeen buyers make me more money?
Sales reports by customer and product show what each buyer bought and at what price, and every invoice carries the cost of what it sold. Export the sales register to CSV and compare margins by buyer in a spreadsheet.
We get a large power bill on the 5th for the previous month. Which month does it go in?
Enter the supplier bill with the date your CA prefers, usually the last day of the month it covers, before you lock that month. The expense then sits in the month the machines used the power.
Can my accountant work from home?
Yes. Invite her with the Accountant role and she works in the browser from anywhere. She can post journals, reconcile the bank and run reports, and every change she makes is in the audit history.
Related
Keep reading
Plastics and packaging
BOMs for moulded items and cartons, work orders per run, and GST invoices to regular buyers.
Read moreGST billing for packaging makers
Invoices for jerry cans, containers and closures to oil, ghee and chemical packers, with HSN 3923 lines and IGST to buyers outside Gujarat.
Read morePayroll for plastic factories
Monthly pay for machine operators on day and night shifts, with PF, PT, ESI where it applies and travel advances recovered.
Read more
See how accounting works in SimpleERP for plastics and packaging
Seven days free. No card. Your first GST invoice in minutes.