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Taxace INDIA for the first time providing you one stop solution for all your accounting needs.  Now you dont have to worry about diiferent accounting problems like TDS, GST, ITR or any new registration or license you are looking for just contact our experts and, we shall be able to delight you with our packages, that will provide you a comfort in knowing all the aforesaid services are elclusively free and easy to use.


Keeping your accounting records up to date often is a time intensive and expensive practice for almost every business, rendering apparent added value. Have you been facing problems understanding where your money is going? Do you happen to br putting in hours ofyour precious time handling the books?


Companies have to comply with regulatory requirements that are quite complex, besides trying to achieve the maximum possible value from expenditures and to reduce costs as far as possible. Higher business intelligence, better service levels, better controls and lower costs of processing can be attained through automated systems based on business rules


In today’s business world, outsourcing accounts receivable services have become popular, as cash flow is of utmost importance in every enterprise. Typically, the business' performance becomes more predictable when collections and cash flows are timely. But companies have to ensure that they derive the maximum output from the amount they spend on managing their receivables


Every business has to process salary for its employees in an accurate and timely manner; however, it is not the simplest thing to do. How do you factor in reimbursements, loan advances, leaves and other such dynamic HR inputs while managing varied salary structures? Are you able to comply with the statutory and tax regulations (that change from time to time) while managing all of that? You should consider payroll outsourcing companies, if the time you spend taking care of all that appears unreasonable.


Do you have precise, relevant, latest and timely information regarding the performance of your business? Management accounts can offer vital information related to Turnover, Margin, Costs and Cash Flow. It is the lifeblood of all well-run organizations, used to boost performance, inform strategy, escalate profits, enable detailed analysis and accentuate issues.


Thus MIS report provides information on the day to day accounting activities, help to make business decisions and track the progress of the business. Business managers at all levels of an organization rely on these reports.

Components of MIS report in accounts

  • Cost reports, (classification of direct, indirect, variable and fixed costs)
  • Variance reports which have differences between what ideation and the actual result.
  • Profitability factors and value drivers report, which tell the management what happened with the key factors in their business (sales quantity, sales price, cost per unit, profit per unit)

MIS has no standard format as it only depends on what the company management wants to see at that point in time.


Importance of MIS reports in accounts

• It helps to track the company’s financial growth, analyze and report the business income.
• The analyzes of data from sources like employees, personal knowledge, documents, management, raw data, business models and executives. So, it can identify and solve problems as well as help the company to take decisions.
• The data gathered from different outcomes are then presented in graphs, charts, and tables etc.
• It helps to maintain communication between employees and also between the employer and employee.