MIS (Management Information System)
MIS (Management information system) includes reporting of monthly expenses, Cash flow statement, Finished goods report, Debtors ageing, Creditors ageing and Bank reconciliation statement etc. Above data is required for decision making. Management will get to know overall financial performance and working capital requirement by the above MIS report. Even the above MIS report can be used in preparation of cost sheet by knowing fixed and variable expenses at par. So that management can know the break-even point on regular basis. Following are some useful formats...