Turnover is what you sold. Profit is what you kept, and the only way to know it is bill by bill, from what each item cost you.
Plenty of businesses discover at year end that their best-selling line was their worst-earning one. Discounts given at the counter, a rate that stayed put while costs rose, freight nobody counted — none of it shows in turnover.
Bill-wise profit puts the cost against the sale as it happens. The rep who discounts to close a deal, and the line that stops paying for itself, both become visible in the week they happen rather than in the audit.
The purchase side of the item, kept current.
Discounts and all.
On the bill itself, and in the bill-wise report.
Which customers and which lines actually pay.
The money side of the business: what has been billed, what has been collected, what is still owed, and what the tax on all of it comes to. Party ledgers sit at the centre — every bill and every payment lands on somebody’s khata, and the balance there is the number you act on.
Most of this area runs on its own once bills are being raised: ledgers update as you bill, reminders go out on their due dates, and the GST reports are built from what is already recorded.
The other angles on the same question.
Bill-wise profit · Item-wise profit and loss · Party-wise profit and loss · Stock valuation
Every feature, by plan →From the item’s cost, which is what the sale is measured against.
Yes — party-wise profit and loss shows what each customer has actually earned you.
Yes. That is much of the point: a discount given at the counter shows up in the profit on that bill.
The best-selling line and the best-earning line are not always the same one.
