Harun Raaj & AssociatesHarun Raaj & Associates
Operations & CFO Services

MIS / Management Reporting

MIS Reporting

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SCOPEConfirmed in writing

Overview

MIS management reporting is the design and the running of the management information system through which a business's leadership reads its own performance — the dashboards and the reports on the sales, the margins, the cash, the receivables, the inventory and the profitability, built from the books and delivered on the calendar the management needs. The MIS is the difference between managing the business on the numbers and managing it on the memory.

The MIS is where the business's performance is actually seen. The profit and loss tells the year's story; the MIS tells the month's — the sales versus the target, the margin by the product and the customer, the cash position and the burn, the receivables ageing and the inventory days. The management that reads the MIS each month finds the problems in the month they happen; the management that waits for the annual accounts finds them in the year they compound.

The cost of an absent MIS is the blind operation: the margin that was eroding for months, the customer who was never profitable, the cash that was burning faster than the sales suggested — each discovered late, when the fix is expensive. The MIS is the cheapest early-warning system a business can buy.

This service is for businesses whose leadership wants to run on the numbers. We design the MIS around the business's drivers — the sales, the margins, the cash, the working capital — build the reports and the dashboards from the books, deliver them on the management's calendar, and review the numbers with the leadership so the business is managed on the information, not the impression.

How It Works

  1. 1

    Management Information Needs

    We map the metrics and the reports the management needs to run the business.

    Harun Raaj & Associates does this1 week
  2. 2

    MIS Design & Build

    We design the reports and the dashboards from the books.

    Harun Raaj & Associates does this2-4 weeks
  3. 3

    Report Delivery

    We deliver the MIS on the management's calendar.

    Harun Raaj & Associates does thisMonthly
  4. 4

    Review & Analysis

    We review the numbers with the leadership and flag the issues.

    Harun Raaj & Associates does thisMonthly
  5. 5

    MIS Evolution

    We refine the MIS as the business and its drivers change.

    Harun Raaj & Associates does thisQuarterly

Frequently Asked Questions

What should an MIS pack for a ₹10–100 crore business contain?
A decision-ready MIS pack at this scale: (1) P&L vs. budget variance (month and YTD, by segment); (2) 13-week rolling cash flow; (3) debtors ageing (30/60/90/120+ days) and debtor days ratio; (4) creditors ageing and creditor days; (5) inventory days (if product business); (6) gross margin by product or service line; (7) key operating metrics (revenue per employee, customer acquisition cost). Delivered on 2–4 pages by the 5th of each month.
How is MIS reporting different from statutory financial statements?
Statutory accounts (Schedule III, AS/Ind AS) are for shareholders, banks, and regulators — audited, annual, strictly accrual-based, prescribed format. MIS is management-facing — can be cash or accrual basis, daily/weekly/monthly, includes non-financial KPIs, no prescribed format. MIS is for decision-making; statutory accounts are for compliance and external reporting.
How do you handle MIS from Tally, Zoho, or a custom ERP?
Starting point is always a trial balance export. From Tally: Cost Centre report and Group Summary. From Zoho Books/QuickBooks: P&L by department or project. We map these to a standardised MIS template in Excel or Google Sheets and automate the data pull where the ERP has API access. For custom ERPs, CSV exports or SQL query outputs work. The CA validates the mapping, flags misclassifications, and adds commentary.
What is variance analysis and why does it matter?
Variance analysis compares actual vs. budget and decomposes the gap into volume variance (more/fewer units) and price variance (higher/lower price per unit). A ₹50L gross margin shortfall might be 80% volume-driven and 20% price-driven — the corrective action is completely different. Without variance analysis, management sees that revenue missed but not why. The MIS pack must answer the "why".
Can a CA certify MIS reports for investor or board use?
CA firms can prepare and sign off on management accounts under an Agreed-Upon Procedures engagement per SA 4400 — reporting factual findings without expressing an opinion or assurance. PE/VC firms often accept CA-certified management accounts in early rounds as a proxy for audited financials. Full assurance (audit or review) requires engagement under the SA 700 series.

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