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Management Services

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Among Various Management Services, we at K J S And Associates, dedicated to provide following Management Services as per the demand and requirements of our clients from time to time

  • Monthly Information System Reporting
  • Budgeting and Costing
  • Policy and Process Implementation

Monthly Information System Reporting

MIS report stands for Management Information System report . They provide a concise view on the various parameters that are vital to the company . 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 and many more Reports on monthly, quarterly and annual basis

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 can be prepared using Microsoft excel or by usage of specialized tools which would also act as Business intelligence tools.

What are the Types of MIS Reports

Sales MIS Reports

Sales MIS report is created and managed by the sales and marketing departments for transactional analysis of various products and services. The analysis is based on variance, which is the difference between the estimated sales compared to actual sales.

Budget Reports

In any business, creating budget report is necessary to manage allotted finances and to minimize expenses. Some common budget reports that can be generated include production budget, expense budget, income budget, cash budget, etc.

Production Reports

The manufacturing department is responsible for the creation of production reports which include the comparison of set production targets & the final production count. Variation between the targeted & achieved production helps in quantifying the overall process efficiency

Cash flow Statement Report

With this MIS report, business operations department can analyze the inflow and outflow of cash, to check the overall transactions at a certain period. It also helps in tracing fund sources that have been utilized for the outflows.

Budgeting and Costing

Cost is one of the important components of the project management triangle. K J S And Associates makes it very easy to track budgeting and costing for entire projects, as well as the individual tasks. After following this simple how-to manual, you will be able to easily arrive at the realistic project budget, keeping an eye on the breakdown budgets of the individual tasks. You will also learn, among other things:

How to specify Fixed and Material cost of each task.
How to properly allocate human resources
How to track financial state of the projects and tasks through important metrics like Project/Task Estimated Cost, Actual Cost and the Visual Health Indicators.

Three Important Steps in Budgeting

  • Arriving at your Project’s Budget
  • Find Out Actual Figures
  • Track the Differences
  • Search the reasons of Differences
  • Take the Corrective Steps

F.A.Q

  • What is Limited Liability Partnership (LLP)?

    Limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore exhibits elements of partnerships and corporations. In an LLP, one partner is not responsible or liable for another partner's misconduct or negligence. A Limited Liability Partnership, popularly known as LLP combines the advantages of both the Company and Partnership into a single form of organization. Limited Liability Partnership is managed as per the LLP Agreement.

  • To incorporate a Limited Liability Partnership, a minimum of two people are required. A Limited Liability Partnership must have a minimum of two Partners and can have a maximum of any number of Partners.

  • The Designated Partners needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, the LLP Act 2008 allows Foreign Nationals including Foreign Companies & LLPs to incorporate a LLP in India provided at least one designated partner is resident of India.

  • You can start a Limited Liability Partnership with any amount of capital. There is no requirement to show proof of capital invested during the incorporation process. Partner's contribution may consist of both tangible and/or intangible property and any other benefit to the LLP.

  • An address in India where the registered office of the LLP will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.

  • LLPs are required to file an annual filing with the Registrar each year. However, if the LLP has a turnover of less than Rs.40 lakhs and/or has a capital contribution of less than Rs.25 lakhs, the financial statements do not have to be audited.

 
     
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