Followings documents are required for the preparation of Reports.
Followings details are required:
All Inclusive Fees
All Inclusive Fees
All Inclusive Fees
It clearly points out the difference between budgeted and actual sales figures, known as sales variance, with reasons.
Such as a statement gives the figures of cash inflows and cash outflow during the period of operations. It also indicates the sources of funds utilized in case cash outflows are more than cash inflows.
This statement is prepared by the accounting and finance division of the concern and it clearly points out various sources of funds as well as their application areas during any period.
Accounts receivable is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Said another way, the account receivable is amounts of money owed by customers to another entity for goods or services delivered or used on credit but not yet paid for by clients.
Accounts payable is the amount owed by an entity to its vendors/suppliers for the goods and services received. To elaborate, once an entity orders goods and receives before making the payment for it, it should record a liability in its books of accounts based on the invoice amount.
MIS facilitates managerial functioning. Management information is an important input at every level in the organization for decision making, planning, organizing, implementing, and monitoring and controlling. MIS is valuable because of its content, form, and timing of presentation.
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