SYSTEM AND METHOD FOR DETERMINING DAILY PROFIT AND LOSS TO IMPROVE THE EFFICIENCY OF DAY TO DAY BUSINESS OPERATIONAL ACTIVITIES

摘要

The present invention relates to system and method for determining daily profit and loss to improve the efficiency of the current day to day business operational activities. One of the advantages of the system of the present invention, it reduces redundancy of the replications of cost and time by assigning work digitally rather than manually in daily profit and loss calculation. The system further provides a complete visibility of sales volumes, backlogs and trends which allows the decision maker to react at a quicker reaction to spikes in demand of business activities. The system also helps to develop a full understanding of the benefits before committing significant further resources into a business expansion. This ensures that only the businesses which are expected to provide benefits exceeding the investment of time and money are initiated. Moreover, the management of an organization is able to see visible leakage in efforts and time but also promotes to take necessary action to reduce the risks in a business investment.