What are MIS reports and how do you prepare it?

MIS report stands for Management Information System report . They provide a concise view on the various parameters that are vital to the company . For example - Revenue , Order book , Customer satisfaction , HR indices , Attrition are few of the components. They can be as simple as a single page report to a more detailed and comprehensive report . 

MIS reports can be prepared using Microsoft excel or by usage of specialised tools which would also act as Business intelligence tools . The BI tools can readily summarise the required information if the system is in place to capture the same. 

MIS reports are prepared periodically at a specified frequently , Most common would be monthly. 

MIS Reports are analyzing reports required by the management to assess the performance of the organization and allow for faster decision-making.

MIS or Management Information System is a computer based system used by most organizations worldwide for transforming data into useful information for better decision making. It helps management make better plans and carefully organize business operations. Management information system is used for generating reports including inventory status reports, financial statements, performance reports etc. These reports are essential for analyzing different aspects of business. These reports also help to answer 'what-if' questions like what would be the effect on cash flows of a company if the credit term is changed for its customers etc. MIS reports are prepared using excel and BI tools.

MIS Reports / Financial Reports. A financial report is an informational document about the financial health of a company or organization, which includes a balance sheet, an income and expenses statement and a statement of cash flows. ... Budget Reports on monthly, quarterly and annual basis.