28 Aug 2003
All Marwari businessmen use this system of accounts. G-D, Birla & his successors raised it to the level of a management technique. Head of each Birla Group gets a phone call from all of his Business-heads, EVERY EVENING, telling him,
(Earning for the day) – (Expenses for the day) = Gross Profit for the day)
This fig. is known as “Parta” just 3 figures!
And that is a;; that the head Birla wants to know of course daily whether that evening he is sitting in his Mumbai residence or a Manhattan Hotel. I suppose soon he will get those figures, even if he is flying to USA!
As far as Recruitguru is concerned, I would like to see enclosed tabulation on my PC every morning. These are overall “Summanes” for entire client base. To build these you would also need to create some set of clients-wise statements.