If in the company, there are 4 departments which have their own sales and expenses, and as the Managing Director, I would like to know on how is each department perform individually against their budget i.e by generating each department Profit & Loss account.
In ERPNext, How do we set it up? and can we generate P&L for each department?
You can address this effectively by creating Cost Center for each Department. In the Cost Center, you can also define budget for the expense account. Also, you can generate Cost Centerwise Profit and Loss statement.