MIS

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kiran

kiran (Querist)
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14 August 2009 What is mis reports in accounts?
how to prepare mis reports

Ram Avtar Singh

Ram Avtar Singh (Expert)
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14 August 2009 MIS or Management Information System is a computer based system used by most organizations worldwide for transforming data into useful information for better decision making. It helps management make better plans and carefully organize business operations.

Management information system is used for generating reports including inventory status reports, financial statements, performance reports etc. These reports are essential for analyzing different aspects of business. These reports also help to answer 'what-if' questions like what would be the effect on cash flows of a company if the credit term is changed for its customers etc.
MIS reports also support decision making and it helps to integrate the decision maker and the quantitative model being used. These automated systems allow managers to make decisions for smooth & successful operation of businesses. The systems includes computer resources, people, and procedures used in the modern business enterprise.

you can prepaired accordig to your Business requirment like stock position, cash flow, sales report, bill wise & party wise detail, bank balance, men power abailable, raw material position, purchase order pending, sales order pending, work inprogress. etc.

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Guest

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14 August 2009 Perfect answer.

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