Can anyone please provide me the monthly Financial MIS Report format for Plastic Pipe and Water Tank Manufacturing Company, as I am Accounts and Finance Manager for the company.
From Nepal, Kailali
From Nepal, Kailali
There is no separate to talk about for FINANCIAL ACCOUNTANT as every bit of information is gauged in money terms.
1. First Raw Materials - Major Raw Materials.
Stock at the start of the month, Purchases during the month in Qty and Value, Consumption during the Month, and Stock in Hand with Value, with a last column there is minimum stock holding limit in quantity for a period. So there is a comparison between the stock on hand to the Minimum Stock Should be available. THIS GIVES THE MANAGEMENT ABOUT PLACING THE ORDER AND THE ORDERS ALREADY PLACED OR STANDARD ORDER PLACED FOR DELIVERY EVERY MONTH.
2. Sales Report, Sales of items sold during the month with comparison against previous month and the same sales during previous year. = HIGH LIGHT DIFFERENCE +/- WITH REASON.
3. Collection Report. Money received during the month, from previous outstanding, current sales again full payment and payment outstanding.
4. Collection Outstanding Statement- Month wise and Outstanding with Debtors more than 90 days and later for the management to take action.
5. Suppliers Payment Outstanding: with due date for settlement.
6. List of Bank Guarantee issued and the due dates and purpose and for action for cancellation or renewal.
7. List of Letter of Credit issued,
8. List of Bank Dues - Loan interest, Loan with EMI
9. List of Machinery and action for service due and renewal of Annual Maintenance Contract renewal.
10. Staff List and people placed in every department and performance and any points for discussion like leave and others.
11. Then comes the government dues like TDS and other remittance and cash liquidity availability with the company in the bank.
12. A Accountant constantly review various things day to day basis and everything get incorporated in his Management Information Reports.
13. Normally a standard Quick Balance sheet is made: Assets - less Liabilities = Owners Equity. It is a direct one not with all writing off and etc. yearly basis. Every week or fortnightly it is reviewed to know the Net worth in Quick terms.
14. Collection is the statory of the running of an Industry. So finance is utmost important to keep the Industry going.
From Saudi Arabia
101. First Raw Materials - Major Raw Materials.
Stock at the start of the month, Purchases during the month in Qty and Value, Consumption during the Month, and Stock in Hand with Value, with a last column there is minimum stock holding limit in quantity for a period. So there is a comparison between the stock on hand to the Minimum Stock Should be available. THIS GIVES THE MANAGEMENT ABOUT PLACING THE ORDER AND THE ORDERS ALREADY PLACED OR STANDARD ORDER PLACED FOR DELIVERY EVERY MONTH.
2. Sales Report, Sales of items sold during the month with comparison against previous month and the same sales during previous year. = HIGH LIGHT DIFFERENCE +/- WITH REASON.
3. Collection Report. Money received during the month, from previous outstanding, current sales again full payment and payment outstanding.
4. Collection Outstanding Statement- Month wise and Outstanding with Debtors more than 90 days and later for the management to take action.
5. Suppliers Payment Outstanding: with due date for settlement.
6. List of Bank Guarantee issued and the due dates and purpose and for action for cancellation or renewal.
7. List of Letter of Credit issued,
8. List of Bank Dues - Loan interest, Loan with EMI
9. List of Machinery and action for service due and renewal of Annual Maintenance Contract renewal.
10. Staff List and people placed in every department and performance and any points for discussion like leave and others.
11. Then comes the government dues like TDS and other remittance and cash liquidity availability with the company in the bank.
12. A Accountant constantly review various things day to day basis and everything get incorporated in his Management Information Reports.
13. Normally a standard Quick Balance sheet is made: Assets - less Liabilities = Owners Equity. It is a direct one not with all writing off and etc. yearly basis. Every week or fortnightly it is reviewed to know the Net worth in Quick terms.
14. Collection is the statory of the running of an Industry. So finance is utmost important to keep the Industry going.
From Saudi Arabia
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MIS Report.xls