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MIS and Financial Statements

We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency.

MIS and Financial Statements
A Private Limited Company?

MIS and Financial Statements a Company is quick, easy, and can be done online with Ledger in 3 simple steps:
STEP 1Accounts Payable
STEP 2Accounts Receivable
STEP 3Payroll Accounting

MIS and Financial Statements

A Management Information System is a system that provides information needed to manage organizations efficiently and effectively. Further, it is regarded as a subset of the overall internal controls procedures in a business, which covers the application of people, documents, technologies, and procedures used by management accountants to solve business problems such as costing a product, service, or a business-wide strategy.
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Financial Management Information System (FMIS) like an Accounting Information System (AIS)

  • Monthly accounts of transactions
  • Cash Flow
  • Sources & uses of funds
  • Ledger & Journal
  • Monthly Return and Statement Processing
  • Trial Balance & Balance Sheet
  • Payroll Accounting
  • Profit/loss and cost systems

Accounting MIS

Provide aggregated information on

  • Accounts Payable
  • Accounts Receivable
  • Payroll Accounting

MIS Reports

Scheduled Report – Produced periodically (daily, weekly, monthly) or on a schedule

Key-indicator Report  – Summarizes the period’s critical activities & typically available at the beginning of each period

Demand Report – Gives certain information at a Manager’s request

Exception Report – Automatically produced when a situation is unusual or requires management action

Monthly Reports – Open Invoices, Unpaid Vendors List, Age wise List for Customers, Payroll Summary, Payslips, YTD Income Statements, YTD Balance Sheet, Cash flow Statement, Bank & Reconciliation Statement, Forecasts, Budget vs. Actual Review Reports

Quarterly, Half Yearly and Yearly Reports – Trial Balances, Financial Statements, Finalization Report

Review & Compilation

We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency. We provide financial reporting on two levels of assurance:

  • Review – some analytical procedures conducted with limited assurance
  • Compilation – based upon client information provided and used primarily for internal use.
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