For any business to be successful and continue existing, it must keep standard records of its financial activities.
The records should be able to flow in an automated way from one department to another to aid efficient, effective and speedy feedback/decision making from management, for example, inflow from Revenue department and every activity from cost centres (e.g. Rent, Salaries, Purchases, Taxes, VAT, Expenses, etc.) must be captured and reported appropriately giving real time scenarios.
our ERP called JETS (Jomidoo enterprise tracking solutions) captures your business day-to-day-transactions and analysis data captured (from differnt departments) with charts and graphs, giving you real time report. Now you will know whether your business is making profit or not. you can also check statement of cashflows in your business as well.