Any organization either big or small needs a financial statement stating all sales, goods and expenses for the accounting purposes. This statement is commonly known as Profit and loss statement. This statement is a representation of systematic tracking, recording & analyzing which simultaneously goes on for all the operations. This system is called the profit and loss module. It’s an evaluation of the company’s profits and loss. employAstar’s Profit and Loss Report (P & L Report)Module does exactly that for you.
employAstar’s P & L Module gets this whole systematic process automated. So now you don’t have to worry about individually keeping track of the dealings and transaction and what picture they present. Our automated Profit & Loss Module will scan all the information collected from the database. The database is made up of tracking and recording the day to day activities performed by an organization.
Hence it instantly summarizes the cost and expenses incurred in a specific period of time. It gives a clear map about how much profit you’re making; whether the company is in profit or loss. Organizations can calculate profit and loss on a monthly or yearly basis.
The profit & loss Module helps a company know exactly whether it is in profit or loss and plan their hiring strategies accordingly. employAstar helps users evaluate the financial expenditure on their recruitment process and formulate strategies based on it.
Some of the generic benefits achieved through the profit & loss module are:
To summarize in wholesome way a clearly written profit or loss statement lets you have an exact picture where company stands and what needs to be done. It also allows you to compare various time periods which can suggest that is it growing or not. Another way it helps is the forecasting of the outcome of various business operations based on the previous performances. These all information is best utilized when you get them as early as possible and the way an automated process can do it and manual process can’t.
IT Admin at ILabs Global
"To avoid our manual entry work and to maintain database we have chosen HRM & Invoice process in salesforce. The vendor Cirrologix after completion of project development they offered comprehensive, flexible, cloud based and mobile enabled HRM & Invoice solution. HRM & Invoice for usage is very user friendly and the most important thing is we are able to track & keep all the information. Because of this we will monitor all the activities in reports. Just short to say thank you to the support Mr. Madhusudan and Team who was helped me both knowledgeable and fast. "
HR at Span Outsourcing
"This software is extremely flexible and customizable. The support team is very responsive and has been excellent in helping me modify the interface. They are constantly improving and adding features in response to feedback and still keep the pricing affordable."