MIS reports can be categorized into summary and detailed types. A summary report gives a brief account of a company’s activities. It can include projected and actual data, as well as graphs or tables. Detail reports focus on specific activities and provide further details. Exceptions reports show statistics that are outside of the normal range, for example, production downtime or cost overruns. This type of report is usually only required when it is difficult to obtain adequate detail for a specific task.
The most popular type of report is a summary report. These reports provide a snapshot of aggregate data and present it in an easy-to-understand format for managers. Examples of a summary report are inventory reports, which present information about the quantity and value of stocks in stock and new purchases. Sales summary reports provide a more detailed insight on daily sales and include information about discounts, fees, and taxes. They also highlight the performance of products sold in a specific area.
MIS reports are a great way to keep track of business operations. They are a useful tool for managers to track real-time business activities and make the best decisions. However, they tend to be limited in flexibility. A good dashboard template can make use of pivot tables and advanced Excel selection mechanisms to provide a rich and detailed overview of an organization’s performance. If you’re looking for a solution to your MIS reporting needs, fineReport is a great option. You can use it to create daily, weekly, monthly, quarterly, or annual reports.
MIS reports also include inventory reports. This kind of report keeps track of all products in a company’s inventory. It also includes detailed information on what products sell, which categories and which demographics they belong to. An exception report can be very valuable in catching problems before they become a huge disruption in a company. If the inventory is below the average, for example, the management can order more supplies. If a particular business unit is underperforming, it can use the information it provides to boost revenue.
Another type of MIS report is a bulletin view of different verticals. This type of report is used to compare set parameters against a business operation. In other words, it prepares a condensed list of various aspects that are compared to predefined matrix sets. The information it provides can help the management make critical decisions for the future of the company. So, what are the types of MIS reports??
MIS reports can be classified into five basic types. The first type, summary report, is an aggregated view of a business’s performance. A summary report combines aggregate data into one digestible report. The second type is a detailed report. This type of report gives the manager information about a company’s financial health. They can use this information to evaluate various aspects of the business. It is also used to monitor the progress of an organization and identify deviations from its norms.