With reference to your message, I want to share my knowledge with you.
MIS Managerial Information Statements: Statements should contain every piece of information related to a particular transaction. This information should be informative enough for the management to make further decisions.
In the construction industry, there is a work process structured as follows:
Work Order
Job Completion
Billing
Costing
Profit/Loss
Preparation of statements at each stage can be done by creating a table containing all necessary information.
For example:
WORK ORDER
1. Name of Client
2. Description of Work
3. Value of WO
4. Date of WO
5. Value of each work
6. Expiry Date of WO
7. Address of Client
8. Other information related to WO
JOB WORK IN PROGRESS/COMPLETION
1. Name of Descript job
2. Contract Value
- FINANCE
i. Fund Requirement
ii. Fund Sourcing Statement
iii. Statement for Utilization of funds
iv. Other finance-related statements
3. Completed Value of job
4. Material involvement
- PURCHASING
i. MRN Details
ii. P.O Details
iii. D.O Details
iv. Invoice Details
v. Payment Details
- QUALITY
- INFORMATION OF MATERIAL VENDORS
5. Pending Job details
BILLING
1. Name of Client
2. Certification of JOB with allotment
3. Quality of Job
4. Completion Report
5. Rate details
6. Value of Job
7. Statutory Requirements
8. Bill value
9. Tenure of bill
10. Any other information related to Billing
COSTING
For costing, you can prepare various reports based on the Accounting Schedules acquired from your Financial Statements.
Additionally, numerous reports can be generated with your data.
I believe you can grasp the MIS preparation process. If you come across any other information, please share it so that I can enhance my understanding.
You can also contact me at 09903599794.
Thank you,
Jagan