Lean Accounting Series : Article 14 - Let your MIS profit be a close match to audited profit


Don't prepare reports out of routine, be accountable!

All organizations prepare routine MIS reports. These reports serve the purpose of reporting the financials and the overall health of the organization. The financials are prepared monthly and are prepared to make year-end accounting easy and quick. However, it is observed that the MIS is prepared as a routine activity and the profits reported do not match the audited profits. This defeats all the efforts of preparing monthly financials. Lean accounting ensures alignment of internal reporting so that it can serve as a base for external reporting and ensure accuracy and swiftness.

Monthly reporting must serve not only the management but also all other stakeholders.

Explore our CFO services to realize your vision

We are eager to discuss your business needs, and answer any questions you may have.

© Newgen DigitalWorks Pvt Ltd. All Rights Reserved | Visit our group website | Privacy policy | Terms of Use

Follow us on Linkedin