Management Information System (MIS) is composed of hardware and software which acts as the backbone of the organization to complete all the operations.
To be successful in your business Cash flow, Fund flow management, Speed analysis, CEO’s Panel and so on. Our technical experts and developers will help you by providing Tally software according to your business needs which helps to collect and analyze data and to create MIS reports.
Different types of MIS Reports available in Tally ERP 9
Accounting Reports: These are the reports which provide information on the financial position, operational performance and economic activities of the business.
Financial Reports: To determine the financial status of an organization’s shareholders, creditors and government units.
Inventory Reports: These reports help you in managing the Inventory accurately and effectively by getting the actual status of stock items.
Management Control Reports: With the help of these reports, one can manage budgets, cost centre reports, scenario reports etc. for controlling internal activities of the business.
Some of the Ready MIS Reports you can get in Tally ERP are as below:
Bills Receivables: A bill of exchange can be either bills receivable or bills payable. When a drawee accepts a bill and sends it back to the drawer, the invoice becomes bills receivable.
Therefore, it becomes an asset to him. On the other hand, if money is paid on top of the invoice, it becomes a bill payable to the drawer, which is a responsibility for it. The drawer can use the bill in any of the following ways:
- Retain the bill till the date of maturity and collect the money from the drawee.
- Endorse the bill to his creditor.
- Discount the bill with the banker.
- Send the bill to the banker for collection.
Bills payable: The bill to be paid represents the debt on a future date. The bills payable report in Tally.ERP 9 shows all outstanding debts / payables over a period of time.
Cost Centre Reports: Cost Center Reports are basically performance reports that provide a different perspective to transactions.
Cash Flow Statement: Cash Flow is the cash inflow and outflow during an accounting period.
The cash flow table focuses on transactions that have a direct impact on cash. It relates to the cash inflow and outflow between two Balance Sheet dates.
That is, it explains the changes in the cash position between the two periods. Here, the term cash refers to cash and bank balances.
Cash flow statements can be used as receipt and payment table. This is especially useful for Non-Profit Organizations whose receipt and payment notifications must be created.
Fund Flow Statement: A Fund Flow statement is a report describing the movement of funds in an accounting period. This explanation consists of two parts: Funding sources and Application of Funds.
The difference between the two, shows the net change in working capital during the period. In this statement only transactions affecting the firm’s net working capital are included.
The Fund Flow statement is in addition to two basic financial statements. Explains the sources from which the supplementary fund is derived and where these funds are used when completing the position statement.
Operations that increase working capital is a fund source and transactions that decrease working capital are fund applications.
Stock Market Analysis: The Stock Market Analysis Report gives details of the stock movement of the supplier wise, buyer wise and consumer goods. A comparison of the purchase cost for the product between suppliers and the sales value comparison between buyers can be displayed here.
Stock Market Query: The Stock Query report provides complete information on a particular stock product such as Sales Price, Cost Method and Market Valuation Method etc.
Godown Report: The Godown Summary statement shows the Stock Summary for different Godown Locations. The Main Stock Summary shows the stock position of the entire company on a given date, while the Godown Summary is the stock statement in hand on particular date.
As in all Tally statements, it is updated for each transaction so that it provides the current stock position for any godown at any time.
Full Stock Summary: Stock Summary report is made according to the closing balance by default. However, you can sort stock items by “In or Out” columns in the summary report.
Tax / VAT Payable Report: All tax payment vouchers are recorded for payment of VAT and other liabilities are displayed in the Tax Payment Settlement report. For payment, bank and approval information can be obtained from this report.
Stock Cost Estimation: Cost Estimate is an expression of the value of the cost incurred in manufacturing finished products. To view the cost estimate for a specific finished product, select the relevant Stock Group to show the consumption details and costs for each of the inventory items that fall under the Group.
The cost estimate helps to fix the final product’s selling price and provide a certain margin for profits after the appropriate overhead costs are loaded. It also helps to determine the need to produce cost-reduction techniques in the Inventory Reports, to draw conclusions on the cost of production and to improve the production process.
If you are looking for any of the customized reports you can contact us: 00966-583117703 or have an online chat with one of our technical expert from our website.