MIS Reporting & Bookkeeping

Accounting and taxation are not necessary specialisations for small and medium-sized business for MONEY MAKING MC. It will needlessly require more capital, labour, and infrastructure. Make sure that all of your taxation and accounting procedures are completed flawlessly by experts at a reasonable price.

Data Validation

Creation of Reports

Interpretation and Analysis

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developing Money Making processes and procedures

Advantages of Bookkeeping and MIS Reporting Services

☑️ Benefit of Informed Decision-Making: Real-time data and performance indicators are provided by MIS (Management Information System) reports.

☑️ Advice for West Bengal: Make smarter decisions about products, pricing, and inventory by using market insights particular to your location, such as Durgapur’s industrial trends or Kolkata’s seasonal demand patterns.

☑️ Accurate Financial Records Advantage: Bookkeeping ensures that all transactions are properly recorded and prepared for tax filing or audits.
Advice: Keeping accurate records helps small and medium-sized firms in West Bengal avoid fines when applying for GST or when local compliance is checked.

☑️ Business Performance Tracking Advantage: Monthly or quarterly sales, profit, and spending tracking is made easier with MIS reports.
Advice: To improve tracking, set up district-specific reports. For example, distinct MIS for activities in Howrah, Siliguri, or Asansol.

☑️ Simpler Loan & Investor Approvals Advantage: Credibility is increased by well-maintained books and reports.
Advice: A clear MIS can expedite approvals for MSME loans under West Bengal government programs.

☑️ Budget & Forecasting Advantage: MIS assists you in establishing reasonable spending plans and projecting future financial requirements.
Tip: To make precise predictions, use local economic data, such as retail shifts in Bardhaman or agricultural patterns in Hooghly.

☑️ Prevents Financial Fraud Advantage: Early detection of irregularities or unlawful transactions is made possible by routine bookkeeping.
Tip: Make sure that bookkeeping responsibilities are divided, particularly in partnerships or joint family enterprises, which are prevalent in West Bengal.

☑️ Simplified Tax Filing Advantage: Stress during tax season is decreased with accurate records.
Advice: Use MIS to distinguish between intrastate and interstate transactions for simple filing, and adhere to West Bengal State GST regulations.

☑️ Scalability for Expanding Businesses Advantage: MIS grows with the company.
A word of advice: Money Making MC’s scalable MIS systems can help you expand your business in Kolkata or run a startup in Siliguri.

“I cannot give you the formula for success, but I can give you the formula for failure. It is: Try to please everybody.” david oswald

The MIS Report Process

☑️ Information Gathering

Collect data from multiple areas, including sales, inventories, operations, finance, and human resources.
Verify the consistency and accuracy of the data.
For instance, extract weekly sales information from Durgapur, Asansol, and Kolkata stores.

☑️ Data Input and Categorization

Enter data into MIS or accounting software.
Sort by cost center, area, project, or department.
aids in monitoring particular activities, such as regional sales in West Bengal or marketing expenditures.

☑️ Data Validation

Verify entries to get rid of mistakes or duplicates.
Implement audit trails and internal controls.
vital for companies submitting applications for West Bengal’s MSME initiatives, where correct documentation is crucial.

☑️ Creation of Reports
Make reports that are organized:

Earnings and Losses
The balance sheet
Flow of Cash
Performance in Sales
Cost Breakdown

Personalized reports for management or departments as needed.

☑️ Interpretation and Analysis

Examine KPIs (Key Performance Indicators), trends, and deviations.
Determine what is effective and what requires improvement.
Example: Compare the quarterly performance of various West Bengali business branches using MIS.

☑️ Distribution & Reporting

Reports should be distributed to owners, management, and investors.
Set up reports on a daily, weekly, or monthly basis.
Role-based and secure access to maintain privacy.

☑️ Input & Ongoing Enhancement

Adapt reporting formats in response to management input.
Over time, improve automation and data sources for increased efficiency.

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Dalhousie, Beside Kolkata G.P.O, Kolkata - 700001

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101/F/3 G.T.Road(West) Mallickpara, Serampore

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+91-9230630841

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A Few Frequently Asked Questions

MIS reporting: what is it?

Management Information System, or MIS In order to assist management in making well-informed decisions, reporting entails gathering, evaluating, and presenting corporate data in an organized manner. Reports on sales, costs, inventories, and performance analysis are all included.

What is bookkeeping?

The process of documenting all corporate financial transactions is known as bookkeeping. It entails keeping track of earnings, outlays, assets, and liabilities as well as making sure financial records are correct and current.

What is MIS reporting crucial for companies?

MIS reports provide:

Improved decision-making using data in real time
Monitoring financial performance
Help with budgeting and cost control
Analysis of operational efficiency

What kinds of MIS reports are available from you?

We provide:

Reports on Sales and Revenue
Cost Reports
Profit and Loss Reports
Statements of Cash Flow
Reports on Inventory
Personalized KPI Dashboards

What services do you provide for bookkeeping?

Among our bookkeeping offerings are:

Keeping track of daily transactions
Reconciliations of credit cards and banks
Receivables and payables
Processing payroll
Assistance with GST, TDS, and tax filing
Financial reporting on a monthly, quarterly, and annual basis

How frequently may I expect to receive MIS reports?

Depending on your company's requirements, we can deliver MIS reports on a weekly, monthly, or quarterly basis.

Do you use any particular software for MIS reporting and bookkeeping?

Yes, based on the client's preferences, we employ industry-standard technologies like Tally, QuickBooks, Zoho Books, Excel, Google Sheets, and Power BI.

Is it possible to tailor your services to my company?

Of course. Depending on your industry, company size, and reporting needs, we customize our bookkeeping procedure and reporting style.

Is my financial information safe in your care?

Indeed. We adhere to stringent confidentiality and data privacy policies. Professionals handle and securely keep all of your data.

How can I begin using your services?

Simply get in touch with us via our website, phone, or email. To learn more about your needs and create a personalized service plan, we will arrange a complimentary consultation.

MIS Reporting & Bookkeeping