Management Information System
In most companies the requisite information for making decisions are never available to the management,even though there are Accounting packages installed. This is because packages like Tally are grossly underutilized because the accounts teams are either understaffed or unaware of the features of the packages.
Financial Accounting/Cost accounting/Management accounting information can be generated at all times, by proper classification of Costs & expenses from the initial voucher entry stage.
To make the right decision, right information at the right time is the most vital point. Which means the proper interpretation, analysis of the financial interpretation on time makes the whole picture complete of the working capital turnover, debtors position, Net worth, Fixed assets, Inventories and so on.
Can go a long way in contributing to the growth of a company.
Consulting SNP Financial Consultants, on the above aspects, will be immensely resourceful for any growing organization