Efficiently manage and control your finances with Prokip's advanced accounting tools.
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Our Profit and Loss feature provides a financial report for your business. It shows where your money is coming from (usually sales) and where it's going (buying and storing inventory). Prokip calculates important numbers like gross profit and net profit, giving you a clear picture of your financial performance.
Whether you're working with freelancers or full-time staff, Prokip makes payroll management stress-free.
We assist in setting up payment schedules and automatically calculate taxes, allowances, and bonuses. Plus, we maintain organized records of your suppliers/vendors, simplifying your annual return reporting process.
Imagine it as selling the oldest items in your inventory first, and that is exactly how it is. This method is handy when prices are going up, helping you report costs at lower prices and higher income. This also helps you understand how to sell your products to avoid accumulating products that are near expiration.
With LIFO, it's like selling the newest items first. This method works well when tax rates are high, letting you report higher costs and lower income. Prokip is all about simplifying accounting, so you can focus on growing your business.
