Secret 5 – What gets measured, gets managed

Reporting Challenges

• Demands huge amount of Time and Effort
• Inaccurate data or reports leads to inappropriate decision making
• Unavailability of timely reports leads to delay in decision making

Reports in Tally

• Get an Accurate measure of Business Health every time.
• Enables you to take appropriate decisions based on the financial health of your organisation.

MIS and Final reports are important for taking Key business decisions

• Balance sheet helps you to measure the exact financial position of a business on a particular date
• In Tally.ERP 9, you can generate all the reports instantly without any extra efforts

• Comparing financial statements over time helps the business in discovering trends, analysing the findings and taking suitable decisions.
• In Tally.ERP, Comparative analysis can be done in click of a button at blazing speed

• Money spent or cost incurred in an organization’s effort to generate revenue, representing the cost of doing business

• Transaction-by-transaction sales profitability gives you better insight about the gross profit at invoice level.

• In a click of a button the required information is simply put into columns instead of the default row-wise. Thus increasing the efficiency of analysing the report and taking decisions

• It is recommended to track the purchase and sales trend to know the most happening month across the period

• Ration analysis gives you key indicators of various aspects of a company’s operating and financial performance such as its efficiency, liquidity, profitability

Summary

Article Name

Secret 5 - What gets measured, gets managed

Description

Secret 5 of 7 - What gets measured, gets managed

Author

Orson Automation

Publisher Name

Orson Automation

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