Process of Registration by Taxhub
Upload the basic Documents
Taxhub will Prepare Statement of Affairs
Taxhub will discuss the issues and prepare MIS Report
Taxhub will discuss the issues and prepare MIS Report
Get your MIS
Report
What is a MIS Reporting?
MIS Reports are reports required by the management to assess the performance of the organization and allow for faster decision-making. A Management Information System, often simply referred to as MIS, can be understood by looking at each of the words that make up the name. There is the management, the information, and the system. At the heart of it, such a system is one that will provide important information to the management of the company.
Why MIS is Required.
The following are some of the justifications for having an MIS system
• Decision makers need information to make effective decisions. Management Information Systems (MIS) make this possible.
• MIS systems facilitate communication within and outside the organization – employees within the organization are able to easily access the required information for the day to day operations. Facilitates such as Short Message Service (SMS) & Email make it possible to communicate with customers and suppliers from within the MIS system that an organization is using
• Record keeping – management information systems record all business transactions of an organization and provide a reference point for the transactions.
Types of MIS Report
• Accounting Report
To obtain information on the financial position, operational performance and economic activities of the business.
• Financial Report
To determine the financial condition of an organization as required by shareholders, creditors and government units.
• Inventory Report
To manage the Inventory effectively since the actual status of stock items is obtained
• Management Report
To utilise budgets, cost centre reports, scenario reports etc. for controlling activities
4,999/-
All Inclusive Fees
| MIS Reporting(For Proprietorship) |
No Accounting is covered, if required can be provided on additional Fee.
6,999/-
All Inclusive Fees
| MIS Reporting(For Partnership/LLP) |
No Accounting is covered, if required can be provided on additional Fee.
9,999/-
All Inclusive Fees
| MIS Reporting(For Companies) |
No Accounting is covered, if required can be provided on additional Fee.
Benefits of MIS Reports
It clearly points out the difference between budgeted and actual sales figures, known as sales variance, with reasons.
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
Better availability of information reduces uncertainty and lets managers make more rational decisions based on reliable data
Employees are more productive because they don't have to spend time gathering the data that management wants. A well-designed MIS will gather all the data without any more input from employees
With more data about the needs of customers, management is better able to improve customer service and design more effective marketing and promotional campaigns
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. regulates the entire process of PF registration. Hence complying with such systems makes the entire process hassle free.
Shares of a company are movable property and thus can be transferred like any other property. A public company can freely transfer its shares, but there are some restrictions.
The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted.
